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 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 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 483: Plans for InfrastructureAfter Years of Trump’s Inept Disrupture Tomorrow night, President Donald Trump and Vice President Joe Biden face off in the last presidential debate of 2020. If you were tempted to press mute during the first debate, someone will do that for you tomorrow. It’s one last chance for Trump to explain …
Update 312: Economic Policy Implications of the Midterms and the 116th Congress The result of last week’s midterms will have important ramifications for economic policy during the 116th Congress. Democrats have taken the majority in the House and will take majority control of key committees setting the legislative agenda. More than 100 women were projected …
Economic Policy Implications of the Midterms (November 13) Read More »
Update 258 — Omnibus Situation: Last Stop Before Two-Week Recess As of this writing on Thursday afternoon, one more piece of Congressional business remains before members and staff can start a long and long-awaited recess. Once again, Congress confronts a deadline of midnight tomorrow to keep the federal government funded. But no one wants to …
Update 257 — Primary Recap: TX, IL Key Candidates, Races, and Results Last week’s primary elections in Texas and yesterday’s in Illinois mark a turning point in the year. Washington saw a major winter snowstorm on the first official day of spring. And there have been some surprises in the hinterland as primary season 2018 …
Update 241 • Coming Down the Legislative Track: A Preemptive Strike at Infrastructure in the House This past weekend, NEC chief Gary Cohn delivered a long-awaited outline of the administration’s plan to fix the nation’s crumbling infrastructure. The long-overdue plan calls for up to $200 billion in tax expenditures to attract $1 trillion in private infrastructure investment. …
Update 174 — Recess Reading Ex-Im: Rep. Garrett to Run the Bank? The relief of the recess will soon give way to the resumption of hostilities on the Hill. Those in the states and districts are seeing the hostilities up close. Much of the Congressional version of it is self-inflicted. Take the Export-Import Bank. Trump …
Yesterday, Senate Democrats unveiled a new, $1 trillion plan to rebuild the nation’s infrastructure plan, one they believe is a bolder and more productive approach to infrastructure than what Donald Trump has so far sketched out. Presented by Sen. Chuck Schumer, Sen. Bernie Sanders, and six other Senate Democrats, the plan aims to create more …
Infra. Policy • Senate Democratic Bill (Jan. 26) Read More »
