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March 02, 2023

Henry Burke

Blog Post

Economic PolicyExecutive BranchFederal ReserveFinancial Regulation

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.

March 01, 2023 | The American Prospect

Hannah Story Brown

Op-Ed

ClimateConsumer ProtectionCorporate CrackdownExecutive BranchGovernanceGovernment Capacity

Calling Deficit Squawks’ Bluff on Environmental Enforcement

A 38-car train wreck. Toxic chemicals seeping into water and soil, and a black plume rising in the sky. Sick people, sick pets. As the Prospect’s Jarod Facundo wrote last week, the national spotlight remains fixed on the ecological consequences of the February 3 derailment of a Norfolk Southern train carrying hazardous chemicals in East Palestine, Ohio.

In the context of this ecological disaster, arguing for a reduced budget for federal investigators, air and water quality testing, and programs that hold polluting corporations accountable for proper cleanup and restitution is sheer madness. But that’s exactly what the current right-wing push for massive government spending cuts in the name of deficit reduction would entail.

February 01, 2023

Toni Aguilar Rosenthal

Blog PostNewsletter

Executive BranchState of the Union

The State Of The Union, And The Year That Followed

President Joe Biden’s second State of the Union address is next Tuesday. Amid an uprising sparked by yet another horrific video of police violence, deep uncertainty about U.S. fiscal and monetary policy, and continuing wars and threats around the world, the nation — or at least, the politics junkies in the nation — will gather to hear the President lay out his agenda to a Congress absolutely no one reasonably expects will deliver on it, or likely even take it all that seriously.