Update 652 — House Democrats ElectNew Leadership for the 118th Congress The House Democratic leadership triumvirate of Nancy Pelosi, Steny Hoyer, and Jim Clyburn has paved the way for succession by a new generation of Democratic Caucus leaders, approved by acclamation of the Caucus earlier today. The Caucus will now be led by Brooklynite Hakeem …
Update 651 — Trifecta’s Final Frame:What Can Still Make it in Lame Duck? Congress returns from Thanksgiving break next Monday for a month-long lame duck session — all that remains of the 117th Congress until Christmas Eve, when you can expect adjournment — and the last shot for Democrats to make use of their fleeting …
Update 650 — Economic Message Reset:Democrats’ Disadvantage or Opportunity? Conventional wisdom has long assumed that Americans understand and trust the GOP on economic policy issues, and support its candidates more often than Democrats. Voters this cycle favored Republicans almost 20 percent more on the economy than Democrats. This can’t be the norm if we want …
Update 649 — A Midterm Mandate?Finding Meaning in Voters’ Message The GOP may be in dire need of introspection, reappraisal, and course correction, following the message delivered by the voters and the best midterm performance by the party in power in almost a century. The lessons of this success need not be lost on the …
Update 648 — The 2022 Midterm ElectionsWhat’s Next for the Democratic Experiment? A sense of foreboding attends the countdown to the Congressional midterm elections ending next Tuesday. The stakes include control of Congress, much of the public and economic policy agenda, and possibly the destiny of democracy. Leaders of the Democratic party like President Biden …
Update 647 — A Record 4th 75 bp Hike:(How) Will The Fed Know When to Stop? For the fourth time since March, the Federal Reserve has raised interest rates by 75 basis points — the most rapid increase in decades. After an admittedly slow start, the Fed Chair Powell says with his policy “damn the …
Update 646 — The Political Economy, 2022One Step Closer to One-Dollar, One-Vote The massive sums raised, spent, and required by candidates for Congress to run are setting records, yet dwarfed this cycle by the amounts wealthy individuals and corporations are spending on their behalf. OpenSecrets is predicting over $9.3 billion will be spent on this …
Update 644 — It’s the Economy… AgainNavigating the Top-Ranking Voter Issue Midterm election voters have 18 days to weigh issues and candidates, decide, and vote. 2022 has seen a war in Ukraine, worldwide inflation, and a Supreme Court ruling ending national abortion protection. Some issues have riveted and rallied voters — notably abortion for Democrats …
Update 645 — Industrial Policy 2.0:A New Era in Economic Investment? As the 117th Congress draws to a close and the 118th Congress draws closer, most major legislative priorities outside of the FY22 budget and NDAA have been disposed of. A signal accomplishment of this Congress — obscured from view but present in some of …
We pause coverage of macroeconomic issues and the midterms for a moment to look at a growing problem for workers: the lack of protections for those in the gig economy and the misclassification of workers. Last week, the Biden Administration released its proposal for a new rule that would provide guidance on the classification of …
