Update 520 — Macro Reconciliation Act:Survey of Labor and Capital Markets 1Q21 Despite strong numbers coming out of the March jobs report, the economy still has 8.4 million fewer employed Americans than it did a year ago. With a new set of infrastructure proposals from the Biden administration on the table, the questions arise: how …
Update 519–916,000 Jobs Added in March;Can Recovery Act to Sustain Gains Pass? The US added 916,000 jobs in March, double the number in February — a robust start to what we hope will be a durable recovery. The nation is still 8.4 million jobs short of pre-pandemic levels. In 1937 most famously, in the midst …
Update 518 — Route to Recovery:Any Bandwidth for Public Banking? Later this afternoon, President Biden will outline his multi-trillion dollar infrastructure investment plan, his framework for the Recovery Act. The centerpiece of the pie is infrastructure investment and modernization, including broadband access, a vital concern for the 24 percent of rural Americans and millions of …
Update 517: Coming Soon, a Project Near YouBiden $3Tr. Infrastructure Plan Out Next Week Upon taking office, President Biden proposed a $1.9 trillion rescue package, and just 46 days after his inauguration, Congress sent him the American Rescue Plan, a $1.9 trillion package. So reports in recent days from the White House that Biden will …
Update 516 — Support for Recovery (Act)?Powell Faces Fiscal, Macro Policy Potpourri Federal Reserve Chair Powell and Treasury Secretary Yellen both appeared before the House Financial Services (HFSC) yesterday and Senate Banking today. The main takeaway from them: the economic recovery needs additional federal support. The ARP will boost the economy and the Fed projects …
Update 515: Bills Beyond Relief:Paying For the Road to Recovery Now that President Biden’s $1.9 trillion relief bill, the American Rescue Plan (ARP), has officially been signed into law and almost entirely deficit-financed, focus is shifting to a new multi-trillion dollar package centered on infrastructure: The Recovery Act. Some are calling for revenue offsets to …
Update 514 – Housing Shortage in the US:Problems, Solutions, and Odds of Reform The pandemic and its ensuing economic crisis have brought manifold housing challenges to the fore for both renters and owners. The rent remains too high and homeownership still beyond the means of too many people. The consensus view: the housing stock of …
Update 513 — Stasis in the SenatePuts Filibuster Rule in the Spotlight As President Biden and Congressional Democrats have been preparing and delivering the $1.9 trillion Corona relief bill, the GOP has been busy as well. Republican state legislatures and governors, unable to overturn the results of the 2020 elections, are focused on restricting voting …
Update 512 — House OKs Biden Bill Intact$1.9 Trillion: What Will be Its Legacy, Impact? President Biden entered office seven weeks ago, promising a $1.9 trillion federal pandemic response to address unabated individual, family, and small business needs. He also promised stimulus aimed at an economy suffering 10 million jobs lost with millions more slipping …
Update 511 — House Passes Political Reform:HR 1, Test Case for Senate Filibuster Review? On Wednesday night, the House passed HR 1, the For the People Act, by a near-party line vote of 220-210. HR 1 is a comprehensive revision of the rules of engagement in American politics, nothing short of that; in fact, it …
