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 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 877 – Rulings and OBBB Process,Mamdani Win, Prices, Entitlement Reports The Senate parliamentarian continued her review of the GOP’s reconciliation bill (OBBB) this week, shooting down Medicaid cuts crucial to the fiscal balance of the bill. This straw may have broken the camel’s back, as calls to overrule or dismiss the Senate’s referee following …
Update 837 — Key Nomination Hearings,CPI Report, CTC Bill Lead Week Roundup This week, Trump’s nominees for Treasury Secretary, HUD Secretary, and OMB Director faced pointed questioning by Democratic Senators ahead of coming confirmation votes by the committees of jurisdiction and the full Senate. The three nominees addressed a broad range of economic issues with …
Update 837: Nomination Hearings Lead Week’s Roundup Read More »
Update 805 — Harris’ Economic AgendaFirst Priority: Lowering Americans’ Costs Greetings from the Democratic National Convention in Chicago, where Democrats are introducing the nation to the still-unfamiliar economic agenda of Presidential nominee Kamala Harris. That process formally began last week in Raleigh, NC, where the Vice President made clear that her first priority will be …
Update 802 — Housing and 2024 Election:Affordability as Campaign’s Sleeper Issue Last week’s U.S. jobs report set off market tremors as far away as Asia this week, amid speculation about recession in the U.S. and some calls for an emergency Fed meeting to cut interest rates, both of which dissipated as the week progressed. Yesterday’s …
Update 773 — Supplemental’s Status, Roundup of Week’s Other Developments It isn’t the express train but the long-lingering local that the $95 billion international assistance package, originally requested by the administration over six months ago, is riding en route to the finish line in Congress. Once enacted, the White House will sign and herald most …
Update 765 — FY24’s Bell Lap at LastDOJ vs Apple; Bank Merger Rules; NAR Congress is poised to pass the six remaining appropriations bills for FY24 almost halfway through the current fiscal year. Though disagreements between Speaker Johnson and the White House endangered the package in its final stages of negotiation, Democrats have emerged from …
Update 653 — Housing in the HouseStatus of Sector; Policy Possibilities? Yesterday, the House Financial Services Committee held its sixth hearing this Congress on proposals to address chronic and current issues in the housing sector. This focus makes sense: spending on housing and related services represented 17.5 percent of GDP in 2020. Real estate constitutes …
Update 630 — A Signal, Suddenly Sick SectorBut More Espousing than Acting on Housing Almost overnight, the housing market is seeing a rapid cool down with no trough in sight. The market for both sales and rentals is in a tailspin aggravated by the Fed’s tightening monetary policy. This volatility only emphasizes the instability within …
