Journalists, pundits, and some political scientists argue that gerrymandering distorts representation and gives an unearned advantage to the Republican Party, which controls the majority of governorships and state legislatures. This belief has earned the …
The dramatic, though short-lived, disruption of the market for U.S. Treasury debt in September 2019 and the more profound market dislocations at the onset of the COVID crisis in March 2020 have raised the issue of whether the treatment of central bank …
Each year, the federal government purchases roughly $665 billion in goods and services from outside contractors, accounting for 10 percent of its total budget. Agencies buy everything from software and hardware to defense and security equipment, security …
What’s the latest thinking in fiscal and monetary policy? The Hutchins Roundup keeps you informed of the latest research, charts, and speeches. Want to receive the Hutchins Roundup as an email? Sign up here to get it in your inbox every Thursday. Using …
Taiwan is where Russia’s war in Ukraine and China’s economic underperformance overlap and produce a dangerous resonance. The war may be far away from Taipei, but it brings material problems, like delays in deliveries of U.S. armaments, and disturbing …
As Mexico’s Senate celebrated the passage of a bill designed to curb the power of the National Electoral Institute (INE), the non-partisan and independent agency that oversees elections, the country took another step backward toward its decades-long …
Ryan Hass— Ideologues prefer to understand the U.S.-China relationship as a contest between good versus evil. They take comfort in clean divisions between democracies versus autocracies. They like parallels between the current U.S.-China great power …
With former President Jimmy Carter in hospice care, Bill Galston looks back at Carter’s administration and his “exemplary and influential” post-presidential dedication to good works, and reflects on the dynamics that shape how we think about presidents’ …
The failure of Silicon Valley Bank (SVB) is a failure of supervision as well as regulation. The two terms are used interchangeably but are different concepts: Regulation is about creating rules, supervision enforcing them. Initial reactions to SVB’s …
The joint announcement on March 13, 2023, that the partnership between Australia, the United Kingdom, and the United States (AUKUS) has defined a path forward on Canberra acquiring conventionally armed, nuclear-powered submarines is a significant moment …
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In the United States, it is difficult to overstate the degree to which Islam has fallen off both the domestic and foreign policy agenda. In many ways, this is a welcome improvement over the near-constant preoccupation with American Muslims and Muslims …
Two years ago this month, Congress passed the American Rescue Plan Act, which provided $350 billion to state, local, and tribal governments through the State and Local Fiscal Recovery Funds (SLFRF) program. These funds were intended to support families and …
In light of recent economic trends and the most recent Congressional Budget Office projections (CBO 2023), we offer new perspectives on the medium- and long-term fiscal outlook, updating our previous work, most recently in Auerbach and Gale (2022). The …
For the next few months, as we head into the debt ceiling negotiations, we will be thrust into a familiar argument about deficits and government spending. Both parties appear to have taken social security and Medicare off the table. Ditto for defense. So, …
Digital natives, millennials, and Gen Z who grew up with the internet have a unique relationship with social media and online movements. These constituents also comprise a large proportion of eligible voters. In the last decade, millennials have risen from …
Comment on this story Comment ISTANBUL — The devastating Feb. 6 earthquake that hit Turkey could have united the country. Instead, the catastrophe — which has taken the lives of at least 46,000 people inside the country — is widening the political divide …
For several decades the president’s budget has been described as “dead on arrival” in Congress, with both budget watchers and members of Congress alike describing it as such since at least the mid-1980s. This week, President Biden released his budget for …
Nearly a century ago, Congress created the Federal Home Loan Bank system (FHLBs) to promote home ownership and provide liquidity to thrifts (savings and loans) and insurance companies that primarily provided mortgages at that time. Today’s financial system …
The first time that cross-Strait issues became a concern in the Philippine-U.S. alliance was in March 1996 when China fired several unarmed ballistic missiles that landed not far from Taiwan’s coast. The United States deployed two carrier battle groups …
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