With both chambers of Congress back in session next week and the summer of strikes likely to continue, we expect economic issues to be front and center this month. Congress confronts a September 30 deadline for the 2024 Fiscal Year federal budget and for two major reauthorization bills. And the big three Detroit automakers’ current …
Update 721 — Econ. Policy Preview: What to Expect in a Busy September Read More »
The good macroeconomic news of recent weeks continues, with President Biden doubling down on the “Bidenomics” framing as talk of a recession remains muted. Half the states now are at or near record unemployment lows. The rate of inflation–the economic issue most salient to everyday Americans–has dropped precipitously in recent months, but polls show pessimism …
Update 710 — Econ. Policy Week in Review:Legislative Push in Run-up to August Recess Read More »
Update 709 — Summer of Labor Discontent:What’s at Stake for Workers in the Strikes? The U.S. labor market finds itself catching up at last — for the first time since early in the pandemic, workers’ wage gains are now exceeding the rate of inflation. Unemployment is close to a 50-year low. Bargaining power is now …
Update 709 — Summer of Labor Discontent: What’s at Stake for Workers in the Strikes? Read More »
Update 706 — Hotter Than July:Fed Rates, Crypto on Front Burner After a July 4th break following a long and tumultuous session, the House and Senate will reconvene next week to resume work on policy agendas covering a wide range of economic issues over the course of July. Timelines remain fluid, but we expect a …
Update 701 – Economic Policy Week in ReviewFed Presses Pause; GOP Tax Bill Reported Out The week saw the spectacle of a former president arraigned in the Federal District Court to enter a not guilty plea for his handling of classified documents. The field of GOP presidential candidates also grew this week, the size of …
Update 696 – Economic Policy Week in ReviewDebt Limit Deal Talks Going Down to the Wire Negotiators from the White House and House Republicans met throughout the week to hammer out details on a debt limit deal. While nothing is final, indications suggest that the two sides are focused on a handful of issues, slowly …
Update 686: Economic Policy Week in ReviewDebt Limit; Gensler on the Hill; STOCK Bill Congress returned this week from a two-week recess and with that came a jam-packed legislative agenda. The leading developments of the week included: See more details on the Congressional hearings and related legislative developments below. Good weekends all… Dana __________________ McCarthy …
Update 679 — The GOP’s Fiscal Ransom Note:“Big Spending Cuts or Else… We Will Default” The joke among Democrats in Washington on House GOP plans for the debt limit: The GOP is willing to hold the American economy hostage, threatening, or indifferent to, default. It just hasn’t finished agreeing on a ransom note. The ransom …
The 2023 legislative year is all but done, with Congress reaching agreement on an $886 billion defense authorization bill (NDAA) yesterday, which the President is expected to sign forthwith. The whole of Congress will not be in session until January 8, but Majority Leader Chuck Schumer is keeping members of the Senate in Washington to …
NDAA Passed, Sent to Biden; House Out; Senate Stays for Supplemental Read More »
