U.S. fiscal health is at higher risk after Trump won the election. Marketplace’s David Brancaccio speaks with Harvard professor Jason Furman to learn more.
The upcoming election could impact whether a provision of Trump-era tax reform is extended beyond 2026.
The Committee for a Responsible Federal Budget says both candidates’ tax and spending promises would widen deficits, Trump’s by a lot more.
If people don’t feel the strength of the economy, Democrats may have a problem this election season, says Victoria Guida at Politico.
The two aims shouldn’t compete, they say.
The government’s fiscal policy is fairly neutral now for a reason: More stimulus spending could hurt the Fed’s fight against inflation.
It takes a versatile person to go from setting interest rates to setting an economic agenda, one expert says.
“So much is good about the recovery,” said Wendy Edelberg of the Brookings Institution. Yet “we’re still in the midst of chaos.”
Wendy Edelberg, director of the Hamilton Project, says monetary policy has a roleay, but it’s “not the whole show.”
“This downturn has not felt like a normal downturn for the whole economy because of fiscal relief,” says Robert Kaplan.
