The CBO has just released an assessment of the President’s budget proposal. Balancing the budget looks unrealistic, even given massively sweeping (and unrealistic) spending cuts.
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Taking “Science” Out of the White House Office of Science and Technology Policy
Source: CRS.
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The Pound on 8 June 2017
The UK voters look set to provide another surprise. The pound has moved substantially as exit poll data has come out.
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Employment Situation: Maybe a Little Softer than I Thought
A couple of days ago, I noted that most indicators showed continued growth. Quarterly Census of Employment and Wages figures released today indicate a slightly softer employment situation at end of 2016 than is represented by the establishment series.
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The Kansas Experiment Ends
From The Wichita Eagle:
Lawmakers rolled back Gov. Sam Brownback’s signature tax policy over his objections Tuesday night, forcing into law tax increases to fix a budget shortfall and provide more money for schools.
Implications of the President’s Muslim Travel Ban
Since the President has acknowledged that the intent of his restrictions on entry of individuals from certain countries is actually a “travel ban”, it is of interest to assess the impact on foreign travel to the United States, and consequent impact on the US economy.
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Slowdown? Recession Indicators as of June 5, 2017
As the prospects for a fiscal stimulus fade, and the prospects for protectionist backlash remain, some observers ponder whether growth will stall before it gets started.
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Kansas Employment below Peak
and declining.
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Pondering Economic Policy Implementation over the Next Four Years
From Reuters today:
“It’s becoming increasingly difficult to attract good people to work in this administration,” said one senior official. “In other cases, veteran people with expertise are leaving or seeking posts overseas and away from this White House.”
FinCEN to Share Information with Senate Intelligence Committee
As noted in Wednesday’s post, FinCEN — the Treasury’s Financial Crimes Enforcement Network — was asked by the Senate Intelligence Committee about information regarding connections between Russia and Trump and his associates. News reports indicate that FinCEN will provide the requested information.