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Federal Budget

Inhofe's Drought, McConnell's Fire

William S. Becker | Posted 08.27.2015 | Politics
William S. Becker

In other words, global warming is injecting steroids into weather disasters. Without countermeasures, it will get much worse. Yet the response among deniers in Congress is to escalate their campaign to sabotage any government effort to reduce the pollution responsible for climate change.

Alzheimer's and the Media... Follow the Money

Allan S. Vann | Posted 08.17.2015 | Healthy Living
Allan S. Vann

The media should "follow the money" and shine light on why Alzheimer's research, along with assistance to those who already have Alzheimer's and their caregivers, is not receiving significantly more federal funding.

Uncertainty Intensifies

Michael Farr | Posted 08.13.2015 | Business
Michael Farr

China's move to devalue its currency caught the markets somewhat by surprise. As a result, there has been a lot of speculation surrounding both the reasons behind the move as well as the implications of the move.

We Need More Housing Choice Vouchers

Deborah De Santis | Posted 08.10.2015 | Politics
Deborah De Santis

If we want to save children from the trauma of homelessness, we must increase the resources available to families in need of stable housing.

Confusion Reigns

Michael Farr | Posted 08.06.2015 | Business
Michael Farr

Economic data and financial-asset prices don't always paint the same picture about the health of the economy.

Ike's Food for Peace to the Rescue in Syria

William Lambers | Posted 08.03.2015 | Impact
William Lambers

The size of the humanitarian crisis in Syria is so large that donations from Food for Peace and other countries needs to pick up dramatically. The situation is urgent.

Has the Chinese Market Finished "Correcting"?

Michael Farr | Posted 07.14.2015 | Business
Michael Farr

All things considered, the major equity markets of the world have been fairly orderly for the past year and a half. That is, all except the Chinese market.

Riding a Growth Wave

Michael Farr | Posted 06.25.2015 | Business
Michael Farr

It is still early days for the American newfound interest in health and wellness, but as organics only make up 5 percent of total food sales I think the industry has a long runway of growth ahead.

Medical Research Becomes a Bipartisan Issue

Laurie H. Glimcher, MD | Posted 06.02.2015 | Politics
Laurie H. Glimcher, MD

Perhaps one thing that people of all political stripes can agree on is the importance of health. When disease strikes us or our loved ones, our whole world changes.

Irrational Exuberance?

Michael Farr | Posted 05.22.2015 | Business
Michael Farr

I've stated repeatedly that a massive amount of stimulus has been required to generate GDP growth of just 2.0%-2.5% annually since the end of the Great Recession (June 2009). We have further said that the removal or reversal of some of these stimulants will be a tough hurdle for the economy to overcome.

Poking Holes in the Strong-Dollar Thesis

Michael Farr | Posted 05.11.2015 | Business
Michael Farr

The dollar began its ascent against other major world currencies in mid-2014. The move higher was fast and furious, but the greenback ran into some resistance beginning in the middle of March.

GOP Budget Is a Major Step Backward for the Country

Sen. Dianne Feinstein | Posted 05.05.2015 | Politics
Sen. Dianne Feinstein

The bottom line is that the Republican budget fails to support families trying to create a better life for themselves and their children. It will exacerbate the economic hopelessness that is fueling unrest throughout the country rather than alleviate it.

Where Is That GDP Growth We Keep Waiting For?

Luis Ubiñas | Posted 05.04.2015 | Money
Luis Ubiñas

Balancing the budget through reduced spending and increased revenues, ending the vast expansion of the Federal Reserve's balance sheet and normalizing interest rates, are all necessary actions in the effort to right the economy in the face of the Great Recession.

Republicans Vote to Repeal Obamacare for the 58th Time

Rep. Jan Schakowsky | Posted 06.30.2015 | Politics
Rep. Jan Schakowsky

Today, the Republicans' voted for their 'Work Harder for Less' Budget. It is another shameless attempt to repeal Obamacare, despite all the clear benefits of the health care law.

Congress Must Hear the Cries of Hunger From Abroad

William Lambers | Posted 06.17.2015 | Politics
William Lambers

We can definitely increase the resources for food aid programs, which are about less than one tenth of 1 percent of the federal budget. They can certainly be increased from this relatively tiny level of spending. Food is peace. Congress must remember this as it crafts the new budget in the coming months.

Repealing the Estate Tax Is Wrong for America

Rep. John K. Delaney | Posted 06.15.2015 | Politics
Rep. John K. Delaney

Repealing the estate tax won't create jobs, it won't boost GDP and it won't add efficiency to the market. Instead, repealing the estate tax will simply add to the debt, hurt our ability to build a stronger economy and worsen economic inequality.

Getting Our Pennies in Priority for Tax Day

Susan Shaer | Posted 06.15.2015 | Politics
Susan Shaer

We are what we spend. If we let the Pentagon consume the largest part of our discretionary budget, then we give license to be defined in those terms. We will continue to address global problems with bombs rather than diplomacy. We should not be satisfied with that.

Will 2014 Be a Holiday for Tax Cheats?

Scott Lilly | Posted 06.13.2015 | Politics
Scott Lilly

A government agency with a salary structure that makes it nearly impossible to compete against the best legal and accounting firms in the country in the best of times is being forced to fire staff, furlough its remaining employees and subject those who remain to ever-increasing workloads while at the same time the complexity of that workload is increasing exponentially.

Fed Near the Cliff

Michael Farr | Posted 06.09.2015 | Business
Michael Farr

The incessant parsing and analysis of each and every Fed utterance is becoming quite comical. God love Steve Liesman and Mark Zandi, but are they really adding much value by trying to read between the lines of each statement from each Fed member?

Fly Me to the Moon!

Clayton Anderson | Posted 06.06.2015 | Science
Clayton Anderson

Yes, I know the current push by our Federal Space Agency on social media is #JourneytoMars, but are we ready? Really ready? Nope, I don't think we're even close.

Why Do Interest Rates Keep Decreasing?

Michael Farr | Posted 05.27.2015 | Business
Michael Farr

The market's response to Wednesday's economic data was somewhat perplexing at first blush.

A Budget That's Best for All Americans

Rep. Jan Schakowsky | Posted 05.19.2015 | Politics
Rep. Jan Schakowsky

The "People's Budget," which I helped draft, strikes a strong contrast with the Republican plan. It rewards hard work and invests in our country. It ensures that everyone has an opportunity to get a good education, find a good job, live in a safe and secure home, put food on the table, have affordable health care, save for retirement and maybe have a little left over.

This Is Your Safety Net on Block Grants

Jared Bernstein | Posted 05.16.2015 | Politics
Jared Bernstein

We're talking about block grants because the Republican budget resolutions are coming out this week and such budgets have used this mechanism to propose deep cuts in Medicaid and SNAP (food stamps).

Time To Get Moving On Transportation Funding

Charleta B. Tavares | Posted 05.02.2015 | Politics
Charleta B. Tavares

The federal budget is a reflection of our nation's priorities. As the budget debate heats up in Washington, Congress must choose between investing in a safe and economically secure America, or siding with special interests and continuing to spend billions on wasteful programs that military leaders do not even want.

The End of the Gravy Train?

Michael Farr | Posted 04.25.2015 | Business
Michael Farr

In the summer of 2013, a sharp spike higher in interest rates caused by the "taper tantrum" (fear that the Fed will soon end monetary easing) reduced both housing affordability and the opportunities to lower mortgage rates through refinancing.