by jpitney | Jun 29, 2025 | Debt, Economic Policy
Committee for a Responsible Federal Budget: The Congressional Budget Office (CBO) just published their “current policy” score of the Senate reconciliation bill, showing the bill would add about $500 billion less to the deficit than extending all the expiring 2017 tax...
by jpitney | Jun 26, 2025 | Economic Policy, Trade
Phil Gramm and Donald Boudreaux at WSJ: Because steel and aluminum are crucial in manufacturing, anything close to a 50% tariff will drive up the cost of U.S. manufactured products dramatically. That will harm consumers, make U.S. manufactured products far less...
by jpitney | Jun 24, 2025 | Economic Policy, Trade
Fed Chair Jerome Powell: Policy changes continue to evolve, and their effects on the economy remain uncertain. The effects of tariffs will depend, among other things, on their ultimate level. Expectations of that level, and thus of the related economic effects,...
by jpitney | Jun 19, 2025 | Economic Policy, Social Security, Uncategorized
Committee for a Responsible Federal Budget: The Social Security and Medicare Trustees released their annual reports, today, highlighting the precarious financial states of the programs. The Trustees project that both the Social Security retirement trust fund and the...
by jpitney | Jun 18, 2025 | Budget, Debt, Economic Policy
CBO: The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by $2.4 trillion over...
by jpitney | Jun 13, 2025 | Economic Policy, Trade
Ana Swanson and Alan Rappeport at NYT: Washing machines, refrigerators and other common household appliances made with steel parts will soon be subject to expanded tariffs, the Commerce Department said Thursday. The department said in a notice that levies would take...
