-
2 months ago | 
lawfaremedia.org | Quinta Jurecic |Wendy Edelberg |Jacob Leibenluft |Jen Patja
Before January, most Americans had probably never heard of the Bureau of the Fiscal Service (BFS), a Treasury Department agency that distributes payments from the federal government. But over the last month, this corner of government has appeared again and again in the headlines, as aides working with Elon Musk’s quasi-governmental DOGE initiative successfully gained access to BFS’s payment systems.
-
Dec 5, 2024 | 
brookings.edu | Lauren Bauer |Wendy Edelberg |Eileen Alt Powell
This analysis uses key indicators from the Job Openings and Labor Turnover Survey (JOLTS) to investigate how firms are hiring and retaining workers and the implications for the labor market. More recently, a declining quit rate, and lower rates of job openings, separations, and hires, suggest that both workers and firms are behaving with caution. The labor market might be at a turning point.
-
Dec 3, 2024 | 
brookings.edu | Wendy Edelberg |Cecilia Esterline |Stan Veuger |Tara Watson
Editor's note: This is an update to an October 2024 analysis, which is archived here. Few issues dominated the 2024 presidential contest like immigration. In this analysis, we consider likely paths for net migration during president-elect Trump’s second term and their macroeconomic implications. The starting point for our analysis is the creation of a “high immigration” and a “low immigration” scenario.
-
Nov 6, 2024 | 
aei.org | R. Glenn Hubbard |Doug Elmendorf |Wendy Edelberg |Janice Eberly
When Congress considers legislation, nonpartisan agencies provide estimates of the law’s potential economic effects to policymakers, a process known as “scoring.” In recent decades, analysts at the Congressional Budget Office and Joint Committee on Taxation have developed models that incorporate complex feedback effects, going beyond conventional scoring techniques.
-
Nov 5, 2024 | 
brookings.edu | Janice Eberly |Wendy Edelberg |Douglas W. Elmendorf |R. Glenn Hubbard
When Congress considers legislation, nonpartisan agencies provide estimates of the law’s potential economic effects to policymakers, a process known as “scoring.” In recent decades, analysts at the Congressional Budget Office and Joint Committee on Taxation have developed models that incorporate complex feedback effects, going beyond conventional scoring techniques.
-
Nov 4, 2024 | 
aei.org | Stan Veuger |Wendy Edelberg |Tara Watson |Zichu Yang
In a few days, voters will decide between two presidential candidates with starkly different visions for immigration policy. In a recent report, we estimate that differences in immigration policy alone will cause GDP growth in 2025 to be roughly half a percentage point or $130 billion lower in a second Trump presidency than under a Harris presidency. That difference is significant given that forecasters are expecting the economy to grow by two percent next year.
-
Oct 31, 2024 | 
brookings.edu | Lauren Bauer |Wendy Edelberg |Olivia Howard |Eileen Alt Powell
Home The softening labor market shows resilience and some pockets of slack Given the increase in the unemployment rate since spring 2023, attention has turned to whether today’s softer labor market is still tight, back down to a more sustainable pace, or even showing signs of slack (meaning whether the labor market is showing signs that it could be stronger without putting unwelcome upward pressure in inflation). In this piece, we review a series of labor market indicators that provide...
-
Oct 24, 2024 | 
brookings.edu | Wendy Edelberg
Does the U.S. have a housing crisis? The cost of housing in the U.S. has risen steeply in the last four years, both rents and the cost of purchasing a home. As with all markets, prices are determined by the relationship between supply and demand. Right now in the U.S., demand is out-pacing supply, especially in metropolitan areas, and thus driving up prices.
-
Oct 16, 2024 | 
aei.org | Stan Veuger |Wendy Edelberg |Cecilia Esterline |Tara Watson
Few issues have dominated the political debate in recent years like immigration. The two candidates for president, Vice President Kamala Harris and former President Donald Trump, have offered starkly different visions for immigration policy. In this analysis, we consider possible paths for net migration under these agendas and their likely macroeconomic implications.
-
Oct 16, 2024 | 
brookings.edu | Wendy Edelberg |Cecilia Esterline |Stan Veuger |Tara Watson
Few issues have dominated the political debate in recent years like immigration. The two candidates for president, Vice President Kamala Harris and former President Donald Trump, have offered starkly different visions for immigration policy. In this analysis, we consider possible paths for net migration under these agendas and their likely macroeconomic implications.
