Update

Update 815: Lock around the Dock

Update 815 — Lock around the Dock:Implications of Longshoremen Strike The strike that began yesterday by 47,000 longshoremen at dozens of ports along the East Coast and Gulf of Mexico followed months of contract negotiations between the International Longshoremen’s Association (ILA) and the US Maritime Alliance (USMX). The sides may be inching closer to an …

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Update 814: Shutdown Averted, Inflation Abates, Week’s News

Update 814 — Biden Signs 3-Mo FY25 CR;August PCE Drops to 2.2%, Leading Week This week, right before the start of the 2025 fiscal year, Congress approved and the President signed a continuing resolution (CR) allowing the federal government to remain open, with spending held constant at last year’s level until December 20, putting off …

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Update 812: Who Wants a Government Shutdown?

Update 812 — Who Wants a Gov’t Shutdown?Senate Preps Plan B as House Dithers on FY25 With ten days before Fiscal Year 2024 (FY24) and authority for discretionary federal government spending set to expire, Congress remains stuck in a budget standoff for FY25, which begins on October 1. Since members returned from August recess, the …

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 Update 809: Beyond the Debate: the Candidates on Taxes

Update 809 — Harris on Offense in Debate;Behind the Debate: the Candidates on Taxes Vice President Harris held court last night in what could well be the last presidential debate of the 2024 campaign. On the opening question, Harris presented a rendition of her vision of an “opportunity economy” and a break from the past. …

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Update 808: Budget’s September Sprint

Update 808 — Sprint: September and Beyond:FY25 Budget, Harris Tax Proposals, Jobs Report This week’s leading macroeconomic news: the August jobs report, which showed that the American labor market has solidly shifted into lower gear, with job gains, 142,000 for the month, notably cooling. Also, Democratic presidential nominee Kamala Harris debuted a new set of …

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Update 806: Harris’ Opportunity Economy

Update 806 — A New Opportunity Economy:Harris Sketches Vision in Acceptance Speech In her presidential nomination acceptance speech closing out the Democratic National Convention in Chicago last night, Vice President Harris offered her vision of the economy — one that focuses squarely on extending opportunity for and access to all, and expanding the American middle …

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Update 805: Harris’ Economic Policy Priorities

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 …

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Update 804: CPI July Increase Lowest Since 2021

Update 804 — July CPI Gain Under 3%;Dip Marks Lowest Increase Since 2021 Today, Democratic presidential hopeful Kamala Harris released her lowering costs agenda, her most specific plan to date on economic policy, which she has pledged to pursue in her first 100 days in office. The agenda addresses a myriad of economic priorities, including …

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Update 803: Economic Implications of the AI Revolution

Update 803 – The Coming AI Revolution:Economic Opportunities, Policy Challenges The big news today comes with the release of the July CPI report, which showed that inflation as measured by CPI has fallen below 3.0 percent for the first time since March 2021, the fourth consecutive monthly decline. With inflation headed toward the Fed’s two …

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