Fiscal Policy

Silver Lining on the Horizon

Update 391 — Silver Lining on the Horizon(How) Do Automatic Stabilizers Really Work? Economists now speak of the next recession in terms of when, not whether.  As the recession approaches ever closer, so too do increases in fiscal stimulus known as  “automatic stabilizers,” such as unemployment insurance, representing a silver lining.  How do these triggers …

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FY 2020: Budgeting by Default

Update 386 — FY 2020: Budgeting by DefaultHas “Fiscal Policy” Become an Oxymoron?The Federal budget-making process could fairly be described as broken. If it can fairly be described as a process at all. There’s the law — the statutory deadlines, constantly being waived or disregarded by Congress.  Then there’s practice — some assortment of appropriations …

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Ends Meet in Budget Agreement

Update 371: Ends Meet in Budget Agreement;Further Fiscal Hostilities Postponed ‘til 2021 Like a thunderclap on a sunny day, a budget agreement has appeared almost from nowhere to remove us from threat of a government shutdown or sovereign default this fall.  A compromise between the House and the White House, the deal bears signal progressive …

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FY 2020 Coming into View

Update 346 — FY 2020 Coming into ViewBackward, Baby Steps So Far; Cliff 2.0 Looms As Congress departs for a two-week recess, it leaves behind a budget process with miles to go. Where does the FY 2020 budget making process stand, what steps are ahead, what is at stake, and what are the obstacles to …

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Wall or Nothing (January 15)

Update 323 — Wall or Nothing WH Stays Aloof Trump Unmoved: Let Them Make Adjustments Before the holiday break, we wrote an update on the budget wranglings over Trump’s border wall. At the time, it looked likely that the government was heading for a partial shutdown. The record-breaking shutdown is now in its 25th day. …

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Economic Policy Issues Throughout the 2018 Midterms (November 2)

Update 311: Economic Policy Issues Throughout the 2018 Midterm Campaign As we look ahead to next week’s midterms, we take a look back at four of the key economic policy themes that have played out this cycle. Across the country this cycle we have seen common themes and policies resonating with voters in seemingly disparate …

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The Dog Catches the Bus (Apr. 13)

Update 263 – The Dog Catches the Bus: Mick Mulvaney’s Mysterious Mission at CFPB This week saw Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney appear before both the House Financial Services and Senate Banking Committees. After years of working aggressively in Congress to shred the Bureau to pieces, Mulvaney is charged with the operating …

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