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March 15, 2023

Timi Iwayemi

Press Release CryptocurrencyEthics in GovernmentFederal ReserveFinancial RegulationFintech

RELEASE: Michael Barr's Fintech Partnerships May Cloud Judgment Of SVB Autopsy

As of now, Barr is assigned to investigate supervisory failures that occurred under his watch featuring a bank that catered in particular to the crypto and fintech industries which Barr was so active in immediately prior to revolving back into government. Barr is a walking conflict of interest. His central role in the investigation is damning

March 10, 2023

Emma Marsano

Blog Post Anti-MonopolyCriminal JusticeDepartment of JusticeGovernance

DOJ IN THE NEWS: Early March Trends

This is the latest installment of a new biweekly blog series from RDP. Every two weeks, we call out ongoing trends in media coverage of the Justice Department’s focus and priorities, giving context from our past DOJ oversight work as needed, with an eye to the impact of DOJ capacity and resources, as well as alignment with the Biden administration’s professed goals.

March 08, 2023

Hannah Story Brown

Blog Post ClimateDe-TrumpificationDepartment of JusticeGovernance

A Test For DOJ De-Trumpification: State-Level Climate Liability Cases

Over halfway through Biden’s term, Attorney General Merrick Garland is maintaining the Trump Justice Department’s position on an alarming number of legal cases. Our litigation tracker documents approximately 40 such cases across education, immigration, the environment, criminal justice, transparency, agriculture and other issues. It is by no means a comprehensive list.

March 08, 2023

Emma Marsano

Blog Post GovernanceOIRA

Addressing OIRA’s Scope Creep:
President Biden Must, at a Minimum, Raise the Threshold for “Economic Significance”

What if a tiny government agency staffed by career economists wielding cost-benefit analysis as their primary tool were in charge of reviewing and modifying substantive regulations from most major federal agencies, despite their lack of subject-matter expertise on topics as varied as climate change, workplace health hazards, and automobile safety standards? 

March 02, 2023

Henry Burke

Blog Post

Economic PolicyExecutive BranchFederal ReserveFinancial RegulationLarry Summers

Workers Beware: Biden’s Potential Fed Pick Prescribes Unemployment & Reduced Social Security Benefits

Karen Dynan has been reported as one of a few economists on Biden’s shortlist to replace Lael Brainard on the Federal Reserve Board of Governors. While her proponents have highlighted the Harvard-trained economist’s perfect centrist resume, her recent statements on how best to tackle inflation should concern workers and their allies. And this blithe analysis concerning unemployment should come as no surprise – Dynan, like Biden’s foils in the GOP, believes cuts to Social Security benefits are likely.