Don't Miss NMMA Canada's Industry Breakfast at the Toronto International Boat Show

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FEATURED INDUSTRY NEWS Don’t Miss NMMA Canada’s Industry Breakfast at the Toronto International Boat Show Registration is now open for the annual NMMA Canada State of the Industry Breakfast taking place during the Toronto International Boat Show on Tuesday, January 23 from 8:30 a.m. –11 a.m. at the Beanfield Centre (Exhibition Place). Join industry colleagues to hear about current trends in the recreational boating industry. Speakers include Frank Hugelmeyer, NMMA president; Andy Adams, Boating Industry Canada editor; and a keynote address by Wells Fargo economist Nick Bennenbroek. Read More LEADING ECONOMIC AND POLICY NEWS IMF Director Says US Economy Will “Definitely” Have Soft Landing In 2024 Bloomberg reports IMF Managing Director Kristalina Georgieva said in a recent interview with CNN’s Christiane Amanpour that the US economy is “definitely” heading for a soft landing due to the actions of the Fed. Despite the pain caused in the short-term by higher interest rates, Georgieva said that the policy has “brought the desired impact without pushing the economy into recession.” US Gross National Debt Tops $34T For First Time The AP reports the US gross national debt “has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years.” The Treasury Department “issued a report Tuesday logging U.S. finances, which have become a source of tension in a politically divided Washington that could possibly see parts of the government” shut down if Congress does not pass an annual budget. The debt was originally projected to reach $34 trillion by 2029, but pandemic-era policies used to stabilize the economy and support the US’ recovery have accelerated borrowing levels.         The Washington Post reports that economists, however, “are sharply divided over the danger posed by the federal debt.” Some have argued that “the tide of red ink poses a threat to the nation’s overall fiscal health, while others maintain the federal government has plenty of capacity to borrow without risking an economic crisis.” Additionally, the economy’s “rapid” growth in recent quarters, “which makes the increase in debt less significant because the borrowed money represents a smaller share of the nation’s economic output.”         Reuters reports, “Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a fiscal watchdog group, called the $34 trillion federal debt figure ‘a truly depressing achievement,’ attributing it to political leaders’ unwillingness to make difficult fiscal choices.” The discussion of the debt includes longstanding government programs, the corporate tax rate, as well as US foreign spending – particularly the aid for Ukraine and Israel. Millions Of Americans Could Lose Broadband Internet Subsidy Amid Debate Over Affordable Connectivity Program Politico reports “millions” of Americans could lose federal aid that helps them pay for broadband Internet as Washington debates whether to continue the Affordable Connectivity Program. Funding for the program is expected to run out in April, which means that “if Congress can’t find a way to fund the program by spring, the federal government will have to quickly unwind it.” Supporters of the program – a wide variety of groups including telecom companies, community advocates, AARP, and “even some veteran Washington conservatives” – have been “assembling for the last several months rallying for more funding.” Previous Top Stories  • Entry Deadline Approaching For 2024 Miami Innovation Awards  • Treasury Dept. Says Just 19 EVs Now Qualify For Tax Credits

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