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Forecast 2024: Navigating a tricky economic terrain

Forecast 2024: Navigating a tricky economic terrain
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Trump CNN town hall: Trump's debt ceiling "plan" could collapse the global economy

During a CNN town hall, former President Donald Trump said the US may as well default on its debt. Experts say failing to raise the debt ceiling could be disastrous.

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Key US Inflation Gauge Slows In December While Spending Falls

Key US inflation gauge slows in December while spending falls

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Gathering clouds and growing turbulence | Stormy Weather

Gathering clouds and growing turbulence | Stormy Weather
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Gas Prices Are Lower, But for the Fed and Consumers, Commodities Still Control Inflation's Future

The Federal Reserve is expected to raise interest rates by 75 basis points. Lower oil prices have provided relief in the inflation outlook, but that can change.

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Infrastructure and Economic Growth

The bipartisan Infrastructure Investment and Jobs Act (IIJA) was signed into law last week, and the Build Back Better Act (BBBA) passed the House of Representatives and moved on to the Senate.For decades economists have tried to determine how spending on infrastructure – roads, bridges, canals, railways, broadband and other

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About That Moody's Report | National Review

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President Joe Biden delivers remarks on the economy from the White House in Washington, D.C., July 19, 2021.
(Jonathan Ernst/Reuters)
President Biden has found a new favorite report to use in support of his infrastructure plans. During his town hall with CNN yesterday, the president asserted that the report — written by Mark Zandi and Bernard Yaros Jr. from Moody’s Analytics — says that “if we pass the other two things I’m trying to get done, we will, in fact, reduce inflation.”
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Biden also made a point of mentioning that the report is from “a Wall Street firm, not some liberal think tank.” The idea that Wall Street is full of a bunch of right-wingers is not really true, and if lead author Zandi’s campaign donation records are any indication, he leans left. That doesn’t mean he’s a bad economist or that his report can’t be trusted. It just means that Biden’s suggestion that this report represents some kind of hostile perspective doesn’t hold up.

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Democracy Dies in Regulators' Offices: The SEC, Regulatory Creep, ESG, and 'Climate'

Democracy Dies in Regulators' Offices: The SEC, Regulatory Creep, ESG, and 'Climate'
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Biden's Spending Plans Would Boost Economy, Not Spark Inflation: Moody's

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Democrats’ plan to spend more than $4 trillion over a period of years on everything from road repair to child care would boost the U.S. economy in the long run without sparking higher inflation, according to a new analysis from Moody’s Analytics.
Roughly tracking President Biden’s Build Back Better agenda, the $579 billion infrastructure bill currently under negation in the Senate, and the $3.5 trillion reconciliation package Democrats hope to pass alongside it, would increase GDP growth while benefiting lower- and middle-income workers most, Moody’s chief economist Mark Zandi and assistant director Bernard Yaros Jr. say.

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Fact Check Friday: How many jobs will the new infrastructure plan create?

Fact Check Friday: How many jobs will the new infrastructure plan create?
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