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 798 — Harris Launches Campaign;HSCAG OKs Bill to Ban MOC Stock Trading On Sunday, after weeks of uncertainty, President Biden stepped down from the Democratic presidential ticket, endorsing Vice President Kamala Harris, who moved swiftly this week to consolidate sufficient support among DNC delegates to secure a first-ballot nomination at next month’s convention. Harris …
Update 798: Senate Cmte. Approves Bill to Ban Congressional Stock Trades Read More »
Update 796 — RNC Platform/Project 2025:Focus: Financial, Education, Industrial Policy The Republican Party, meeting this week at its convention in Milwaukee, has big policy plans for the American people. The GOP and think tanks supporting it have proposed “a second American Revolution” that will be bloodless “if the left allows it to be.” From mass …
Update 796: RNC Platform/Project 2025 Econ Policy: Part 1 Read More »
Update 782 — Direct File Passes TrialIRS Offers Taxpayers Streamlined DIY How did you prepare and file your tax returns this year? Did you spend hours doing paperwork, trying to figure out which deductions you qualify for? Did you give the paperwork to a tax preparation firm that filed on your behalf for a fee? …
Update 777 — 175,000 Jobs Added in AprilLabor Market Data; Week’s Key Hill Hearings On Wednesday, Fed Chair Powell made clear that long-elevated interest rates would remain in place, perhaps well into autumn, until either price or labor market data showed a retreat. This morning’s jobs report showing the economy added 175,000 jobs in April …
Update 777: April Jobs Data; Week’s Key Hill Hearing Read More »
Update 776 — Fed High-Wire Act Extended:Powell’s Pause with No Clear End in Sight The Fed has decided to hold its elevated interest rates constant yet again. The good news is that the Fed is implicitly confident that the economy can still withstand the higher rates for longer. The bad news is the recent data …
Update 774 — A Meltdown Retrospective:Lessons Learned from the 2023 Bank Crisis With a year’s perspective, we can look back now at the worst banking crisis in the U.S. since the 2008 financial crisis — and appreciate how and why the failures of that episode were not replicated in 2023. While the frailties of SVB, …
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 771 — CPI Hotter Than Expected;March Report Dampens Rate Cut Outlook Following this week’s CPI report for March, observers ranging from President Biden to Fed Governors to market participants agree that the trends in stubbornly elevated prices thus far this year point to a reduced likelihood of a Fed pivot to interest rate cuts …
Update 767 — Weekly Econ. Roundup:Prices, GDP, SBF, a Bridge in Baltimore While Congress began a two-week recess, the economic world took no time off, with new readings in on prices and GDP, a decades-long prison sentence for fraud for the disgraced Sam Bankman-Fried of FTX notoriety, and an infrastructure disaster in Baltimore that Congress …
