July 23 White House looks to speed up deportations
White House and Congress reach deal on spending and debt ceiling; New Trump administration rule to remove 3 million people from food stamps; Congress targets Chinese rail cars over security concerns; Trump administration moves to speed up deportations; House Democrats to unveil drug pricing bill in September; U.S. existing home sales fell 1.7% in June.
July 22 Chinese investments in US plummet as trade tensions rise
Chinese investment falls as trade tensions rise; House Republicans ask Trump to reject new spending levels; Markets preparing for dovish monetary policy convergence; National Activity Index shows some improvement.
July 19 Economic Impact of Abortion Regulation
It has been 46 years since the Supreme Court ruled that access to safe and legal abortion is a constitutional right, but that was only the beginning of the conversation. In the past few months, the appointment of more conservative judges has led to a reenergized effort to pass abortion restrictions and possibly overturn Roe v. Wade. So far, the debate has been emotional and heated, but it has rarely examined the economic impact of restricting abortions.
July 19 Budget deal expected to exacerbate deficit
EPA hands chemical industry a victory at the expense of children’s health; To Trump’s ire, budget deal poised to extend deficit; House passes $15 minimum wage bill; Market guessing how much Fed cuts rates this month.
July 18 Bi-partisan budget bill makes progress
White House and Pelosi make some progress on budget deal; Battle over Huawei brings trade negotiations to a standstill; New policy lowers chronic illness costs; U.S. weekly jobless claims rise.
July 17 Regulation of Big Tech increasingly become partisan issue
Tesla speeding self-driving cars to market, but are they ready?; House voting to repeal the ACA’s “Cadillac tax”; Lighthizer trying to move Democrats on USMCA; Politicians disagree on how to deal with tech industry; Housing starts down 0.9% in June.