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Update 710 — Econ. Policy Week in Review:Legislative Push in Run-up to August Recess

April 2, 2024 | Miscellaneous, Uncategorized, Update

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 …

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Update 709 — Summer of Labor Discontent: What’s at Stake for Workers in the Strikes?

April 2, 2024 | Labor, Miscellaneous, Uncategorized, Update

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 …

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Economic Policy Week in Review

April 2, 2024 | Uncategorized, Update

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 …

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NDAA Passed, Sent to Biden; House Out; Senate Stays for Supplemental

April 2, 2024 | Uncategorized, Update

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 …

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What’s Next on Democrat’s Tax Agenda?

April 2, 2024 | Fiscal Policy, Taxes, Uncategorized, Update

Update 631 — Overhaul Talks Over for Now,What’s Next on Democrats’ Tax Agenda? When Congress passed and President Biden signed the Inflation Reduction Act into law, numerous tax provisions were included — increased funding for the IRS, a 15 percent corporate minimum tax, a 1 percent excise tax on stock buybacks — but they did …

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