Miscellaneous

America Starts Spring Broke

Update 424 — America Starts Spring Broke;Senate Set to OK Biggest Spending Bill Ever The COVID epidemic is far from over, as are its economic repercussions and the policy responses to them. Today, the US Senate will adopt a third relief package (stimulus would be mostly misnomer), this one bigger than any federal spending measure …

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Senate Poised to Vote Tonight on Largest Stimulus Bill in American History

Update 423 — Senate Poised to Vote Tonighton Largest Stimulus Bill in American History Befitting the worst economic and civic crisis confronting the nation in nearly a century, the GOP Senate leadership is preparing legislation in scope and scale that could spare vast material wreckage, or make it inevitable, or worse. What happens on the …

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Virus Stops Economy Cold

Update 422: Virus Stops Economy Cold;Congress in Search of Plan, Consensus Legislation to address the impact of the coronavirus is making its way through the Congressional mill. An initial $8 billion targeted relief package was enacted last week. This week, the House and Senate have taken a week to hammer out the finer points of …

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The Price of Poverty

Update 414: The Price of Poverty Before we go to Las Vegas, the site of tonight’s Democratic presidential debate, let’s have a look at what happens when wages are lost to layoffs or when luck turns and a car wreck or a diagnosis pushes a family over the economic edge. How many Americans are living …

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Domestic Economic Priorities

Update 409 — Domestic Economic Priorities:Modernizing Assistance for U.S. Households Domestic economic policy in the United States has failed to keep pace with the changing economy, the needs of workers, consumers and investors, and the reality of international competition. When political circumstances finally allow, what area of domestic economic policy is in most dire need …

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Paul Volcker in Memoriam

Update 403 — Paul Volcker in Memoriam  Paul Volcker, Federal Reserve Chairman from 1979 to 1987, advisor to four U.S. presidents, policymaker and public servant par excellence, died on Sunday at 92. He will be remembered best for working to curtail the worst inflation crisis in the nation’s history and for the Volcker Rule, a …

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Penny Lanes

Update 398 • Penny Lanes:  Econ. Positionsand Left/Center/Right Turns in Atlanta Debate Today marks 52 years since the BBC informally banned the song “I Am the Walrus” by the Beatles for its sexually suggestive lyrics.  Paul was not impeached. But there was no such controversy about this week’s Democratic debate in Atlanta, where the debate …

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Progressive Strategy Summit 2019

Update 392: Progressive Strategy Summit 2019 Domestic Econ. Policy Consensus Emerge Last week, the Congressional Progressive Caucus Center and Progressive Caucus Action Fund hosted the Progressive Strategy Summit in Washington.  The event brought together members of Congress, grassroots organizers, and policy and political strategists. Attended by over 500 people, the Summit reflected on progressive achievements …

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