In their first act of legislative business, the new House Republican majority voted to cut funding for the Internal Revenue Service (IRS). The vote was a symbolic effort to repeal the $80 billion increase in funding the revenue agency received last year as …
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. Between …
Amna Qayyum is a historian of global development, decolonization, and U.S. foreign relations, with a regional specialization in South Asia. As a fellow at the Brookings Institution, Qayyum leads the Echidna Global Scholars Fellowship and contributes to the …
The “Black Panther” comic book and film series tells the story of the fictional African kingdom of Wakanda, which must protect itself from countries seeking to extract its rare natural resources. This narrative can be seen as a metaphor for historic …
After the U.S. reached its debt limit last week, Secretary Janet Yellen announced that the Treasury will engage in extraordinary measure to prevent the U.S. from defaulting on its debt, but it remains to be seen how and when Congress will take action. …
President Biden is scheduled to deliver his second State of the Union address to Congress and the nation on February 7, 2023. Biden presides over a United States that faces threats which will have grave implications for the country’s future: the war in …
Once again, the debt ceiling is in the news and a cause for concern. If the debt ceiling binds, and the U.S. Treasury does not have the ability to pay its obligations, the negative economic effects would quickly mount and risk triggering a deep recession. …
On January 19, U.S. Treasury Secretary Janet Yellen informed Congress that the department would implement “extraordinary measures” to allow the federal government to meet its obligations after reaching the debt ceiling. David Dollar speaks with Molly …
In light of the problems that have been encountered first by President Trump and now by President Biden over the handling of classified documents, many are wondering about how the document classification system works. The federal government has a fairly …
Gun violence continues to be a major public health crisis across the country with the rise of mass shootings. There were more than 600 mass shooting events that took place in 2022 alone, and 2023 is so far unfortunately following the same trend, with an …
Eleven months after Russia launched a massive invasion of Ukraine, Washington and Europe continue to pursue two basic objectives: help Ukraine win and avoid a direct NATO-Russia clash. Unfortunately, in balancing these goals, Western governments are …
After a highly stable first year in office, the Biden administration experienced a substantial increase in senior staff turnover. The significant uptick in “A-Team” departures moved from five individuals departing in year one to 21 in year two. Though the …
During the past four decades, the two major political parties have steadily moved farther away from each other and are now as deeply divided as they have been for more than a century. For most of this period, analysts agree, Republican elected officials …
Japanese Prime Minister Fumio Kishida’s first visit to Washington as leader on January 13, 2023 marked a major transformation in the U.S.-Japan alliance. Japan’s new security reforms and Tokyo’s proactive response to the Ukraine crisis have been warmly …
2022 was another difficult year for the global economy—and not least for Africa, which was already burdened with rising public debt levels, poor infrastructure, jobless growth, and high inequality—even before the COVID-19 pandemic hit. As 2023 begins, …
In February 2021, over 40,000 residents of the city of Jackson, Miss. lost access to clean running water for at least a month, following a historic winter storm that damaged an out-of-date and under-resourced infrastructure system. The mayor, Chokwe Antar …
There is a legal maximum on how much debt the federal government can accumulate—often called the “debt ceiling” or the “debt limit.” According to Treasury Secretary Janet Yellen, the government will hit the current limit in a few days. Using a variety of …
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. In a …
It has been nearly 50 years since the United States moved away from drafting members into military service. Since the Vietnam War ended, an all-volunteer force has kept America safe at home and abroad. During this period, volunteer numbers for military …
The 2022 year saw political turmoil, an economic crisis, and catastrophic flooding in Pakistan. On the economic front, the country has been dealing with backbreaking inflation, a depreciating currency, and precariously low foreign reserves. As Pakistan …
