Green transition is stitched into the tax code: White House economist
White House Council of Economic Advisers Chairman Lael Brainard says that even if Republicans win a majority in this fall’s general election, it would be easy to overturn the sustainable energy provisions passed in the Inflation Control Act of 2022 (IRA). He dismissed the idea that it would be possible. By incorporating the energy transition […]
US economy at risk of becoming ‘banana republic’ if Trump goes to jail: Ex-White House economist
Kevin Hassett, chairman of the Economic Council’s advisory committee, will discuss the Fed’s financial decisions, consumer credit data, oil prices, and anti-Israel protests. As the US macroeconomic story has slowed considerably over the past year, a former White House adviser has warned of “huge risks” to financial stability. “If you look at the New York […]
US adds 175,000 jobs and unemployment rate rises to 3.9 percent, falling short of economist expectations
The U.S. economy added 175,000 jobs in April, and the unemployment rate rose to 3.9%, according to new Labor Department data released Friday. April’s employment report was lower than economists expected, with 240,000 new jobs and an unemployment rate of 3.8%. The latest jobs report came days after the Federal Reserve decided not to cut […]
‘I’m Not an Economist’ ‘Don’t Know How These Issues Really Work’
On Wednesday’s broadcast of “CNN Newsroom,” Biden campaign co-chairman Rep. James Clyburn (D-S.C.) said President Joe Biden touted infrastructure at a time when people are dealing with inflation. In response to criticism from former chief of staff Ron Klain, he said: “Well, I’m not an economist. I don’t know how these problems actually work.” But […]
Economist warns of urgent US ‘debt detox’: We’re going to be in a recession before people know it
Financial writer and forecaster Harry Dent explains why he predicts a “very strong sudden tightening” of markets has not yet sent a full shock to the economy. Market experts are sounding the alarm over the worsening of the country’s debt crisis and are proposing a “detox detox” in anticipation of the “next great economic boom.” […]
Biden’s $8T budget makes claims of deficit-cutting laughable, economist says: ‘An assault on US business’
One top economist called President Biden’s budget proposal an “attack on American businesses” and characterized the current state of America under the current administration as reminiscent of the dystopian novel “1984.” Steve Moore, a tax hawk who served as chief economist when former House Majority Leader Dick Armey, R-Texas, was chairman of the Joint Economic […]
AI will ‘destroy employment in some areas’ but could bring long-term benefits: Goldman Sachs economist
Goldman Sachs Chief Economist Jan Hatzius has made grim predictions about the impact artificial intelligence (AI) may have on some employment sectors, and believes the technology will benefit economic growth in the long run. He said he was “confident” that it would be successful. when asked last week Did CNN’s Matt Egan see AI as […]
Former White House economist warns Biden’s budget catalyzes an ‘economic disaster’
Economist Kevin Hassett examines President Biden’s 2025 budget proposal on “The Finish Line.” A former White House economist is angry about President Biden’s latest fiscal plan: increased taxes, benefits and a life in debt instead of the American Dream. “This budget is just amazing,” former Council of Economic Advisers Chairman Kevin Hassett said Monday on […]
Nobel Economist Reverses His Support for Migration
Immigration and free trade impose huge unrecognized costs on ordinary people, says a Nobel Prize-winning Princeton University economist who previously supported unpopular, elite-backed policies. . “I used to agree with a near-consensus view among economists. immigration It was a good thing I went to America.” Professor Angus Deaton I have written In a post at […]
Democrat economist gets honest about the inflation crisis and why that’s not good for Biden’s narrative
Democratic economist Gary Cohn refuses to let President Joe Biden ignore the American people. To help Mr. Biden’s re-election bid, the Biden administration is pushing a tone that is more bark than bite on the economy. For example, in last week’s State of the Union address, Biden claimed to have minimized inflation and created “15 […]