Update 889 – OBBB Policy and Politics:Bill’s Impact, Polling, Recess Messaging President Trump signed the One Big “Beautiful” Bill Act (OBBB) into law on July 4, solidifying much of his economic policy agenda for his second term. The massive package, which was passed through the partisan reconciliation process with no Democratic support, includes tax cuts …
Update 888 – Mid-Decade Redistricting:Fight Fire with Fire or Burn Down the House? The current U.S. House redistricting fight, sparked in Texas, seems to have pulled Democrats together nationally for the first time since the election. With AOC and Bernie Sanders offering one economic policy approach, Freshman Senator Elissa Slotkin presenting another, and with Democratic …
Update 887 – Data, Policy Independence:Implications of BLS Firing, Fed Nomination President Trump is set to shape two key economic institutions – the Bureau of Labor Statistics and the Federal Reserve – this week following his dangerous, unprecedented dismissal of Commissioner of Labor Statistics Erika McEntarfer and the unexpected resignation of Fed Governor Adriana Kugler …
Update 887: Implications of BLS Firing, Fed Resignation Read More »
Update 886 – Trump Levies to Hit Aug. 7Stock Trade Ban Gains; Big Jobs Retreat New tariff rates are set to go into effect in seven days following an Executive Order signed by Donald Trump yesterday. The new rates range from 10-41 percent, way above the historical average, but countries still have one week to …
Update 885 – Fed Not Ready to Cut;Dissents from Two Chair Aspirants The Federal Reserve hit pause, as expected, on interest rates at the conclusion of its July FOMC meeting this afternoon, with two Trump-appointed Fed Governors – Waller and Bowman – dissenting. Such a dissent is rare. Today marks the first time two FOMC …
Update 884 – Trump/Powell Tete a Tete, Japan Deal, EO on AI, Noms Lead Week President Trump continued his ongoing pressure campaign against Federal Reserve Chair Jerome Powell in a highly unusual hard-hat clad tete-a-tete to tour the Fed’s Washington D.C. building renovations yesterday afternoon. Trump called on the Fed to lower interest rates ahead …
Update 883 – Drill-Down on Housing,Sector Stuck in Rate and Supply Ruts It has been a year since we’ve covered housing in depth, and since then, we’ve seen some troubling developments in the housing market. Earlier today, the National Association of Realtors reported that monthly sales had dropped more than expected last month as median …
Update 882 – Fiscal Fingers Crossed?Rescissions Package Sets Precedent For the first time in over 30 years, Congress has acted on a presidential rescissions request under the Impoundment Control Act to cancel funding that was previously approved in bipartisan appropriations bills. Beyond funding cuts, this move sets a precedent for undoing negotiated agreements by simple …
Update 881 – Crypto Week in House:Bumpy Ride on the Digital Express This week is “Crypto Week,” or “Anti-Crypto Corruption Week,” depending on who you ask. Many of Trump and the GOP’s financial regulatory objectives are approaching fruition, with major pieces of crypto legislation up for a vote in the House this week. One of …
Update 880 – Recissions’ Impact on FY26, Gould’s OK for OCC Lead Week’s Round-Up Senate Republicans this week debated Trump’s $9.4 billion rescissions package targeting funding for international aid and public broadcasting, which faces a July 18 deadline for a simple majority vote. While the package is small, its passage could cloud negotiations on FY26 …
