• <div class="header-image" style="background-image: url(/live/image/gid/4/2801_V6N8_Header.rev.1537380633.jpg);">​</div><div class="header-background-color"/>

Daily Update

Current economic and public policy news from the Penn Wharton Public Policy Initiative. Subscribe to receive the daily update by email.

  • U.S. President Donald Trump said on Saturday that separating migrant families at the border could deter illegal immigratio... October 15
    President Trump argues that family separation is an effective illegal immigration deterrent; A group of vulnerable house GOP members present a bill that protects patients against discrimination; Retail sales rise, but only marginally. 
  • U.S. stocks extended losses to finish lower Thursday, with the Dow Jones Industrial Average losing nearly 1,400 points ove... October 11
    Experts notice a trend of deregulation under Trump Administration; Trump bans drug pricing activities that hurt consumers; Jobless claims increase; US Consumer Price Index rises slightly; Wall Street’s key indexes continued to take a hit on Thursday in light of selloffs. 
  • The Senate on Wednesday defeated a Democratic measure to overrule President Trump’s expansion of non-ObamaCare ... October 10
    Democratic efforts to halt the expansion of short term health plans curtailed; Central Bank rate increases criticized by Trump; Producer prices increased in September. 
  • The Environmental Protection Agency has put on hold plans to update its system for rating the energy efficiency of office ... October 9
    EPA halt transition to new Energy Star metrics due to concerns from landlords; Trump salvages a win for farmers as 15% ethanol gasoline is now to be available year round; Trump dissents despite unprecedented climate change predictions from UN; Small business optimism drops. 
  • The world stands on the brink of failure when it comes to holding global warming to moderate levels, and nations will need... October 8
    Paper reports reveal that FEMA has spent billions on disaster relief services; UN Climate Panel publishes alarming report on the status of global climate change. 
  • The Trump administration is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads... October 5
    US considers deregulating autonomous vehicle performance standards; Interior Department stiffens standards on the application of research; Unemployment hits record lows; Due to surges in the economy, trade deficit rises. 
  • The Senate passed the final version of a sweeping opioids package Wednesday afternoon and will send it to the White House ... October 5
    Bipartisan bill addressing critical aspects of the opioid crisis passed by Senate; Senate passes new bill to better compete with China’s growing foreign influence and investments; Civilian cybersecurity responsibilities now centralized at Department of Homeland Security; Jobless claims drop to record low; Chairman of the Federal Reserves claims that the American economy may be entering a period of economic stability for the foreseeable future.
  • U.S. companies are putting savings from the corporate tax cut to use, but only a fraction of it is flowing to employees October 3
    Study suggests that firms are more likely to spend tax law gains in training rather than salary increases; Survey finds that US military relies on foreign procurement of critical supplies; US payroll increases more than anticipated; US crude prices surge due to Iranian tariffs.  
  • President TrumpDONALD JOHN TRUMPFlake: I sometimes feel like I'm 'without a party'Graham attacks NBC as October 2
    In an effort to promote the innovation of communications technology in the US, the FCC plans to minimize airwave traffic; The new MCA agreement shows the success of Trump’s cut throat negotiation tactics; US crude prices continue to rise in light of trade disputes and market uncertainties. 
  • The U.S. and Canada reached a dramatic, last-minute deal late Sunday night on revising the North American Free Trade Agree... October 1
    The U.S. and Canada reach a last-minute resolution to a revised North American Free Trade Agreement; US Attorney General sues the state of California over net neutrality legislation; Manufacturing and construction levels decline in the month of August. 
  • Consumer sentiment was just under expectations in the final reading of September but the index remained near all-time high... September 28
    EPA eliminates department designed to conduct climate change research and advisory work; Tax bill passed by House that make individual cuts permanent; Consumer spending rises; Consumer confidence index sky rockets to triple digit readings. 
  • President Trump said he rejected a meeting with Prime Minister Justin Trudeau of Canada during the United Nations General ... September 27
    Lawmakers face a difficult task deciding how to regulate data monetization practices; In the latest development in crumbling NAFTA agreement, President Trump refused to meet with Prime Minister Justin Trudeau; GDP rises to the highest level in nearly four years; Jobless claims increase, but economists say the labor market remains tight and robust. 
  • Pharmacist Offering Opioid Prescription September 26
    Regulators seek to reform law that would impact how banks bring capital to low income communities; Congress approves bill that address opioid epidemic; After two months of decline, US family home sales rise; The Federal Reserve increase interest rates.
  • President Trump criticized international organizations and alliances as unaccountable and defended his administration September 25
    In an address to the UN, Trump calls for international trade reforms; Trump signs a new trade deal with South Korea; US Consumer Confidence rose; The rate at which home prices have risen, slows. 
  • Global oil prices surged to their highest close in nearly four years on Monday after OPEC left production steady September 24
    California seeks to challenge federal action that would freeze emissions standards in 2019; The Medicaid work reporting requirement of some states pose a threat to some ill-informed and vulnerable patients; Global crude prices reach a four year high at $80 a barrel. 
  • US Attorney General Jeff Sessions announced that judges can only terminate or dismiss cases in “specific and circums... September 20
    US Attorney General limits judges’ capacity to terminate deportation cases; Retiring congressman Darrell Issa of California named the head of the US Trade and Development Agency; The number of Americans applying for unemployment benefits in September has reached a 49 year low; Home Sales remain constant in August. 
  • The Chinese government said Tuesday it plans to impose new tariffs on $60 billion in U.S. exports, prompting President Tru... September 19
    China announces tariffs on $60 billion worth of US goods in response to American action; Senate pass a short term spending bill designed to last until November; Minority voice in SEC urges for more oversight; US Housing Starts increase marginally. 
  • U.S. Secretary of State Mike Pompeo said on Monday the United States would cap the number of refugees allowed into the cou... September 18
    Trump Administration place tariffs on an additional $200 billion worth of Chinese goods; Senate passes legislation designed to help combat Opioid Crisis; Trump shrinks refugee cap to 30,000; Homebuilder’s sentiments remains constant. 
  • President Trump’s economic conflict with China is set to escalate this week, as the administration plans to unv... September 17
    Trade tensions rise between the US and China as the Trump administration looks to unveil $200 billion worth of tariffs on Chinese goods; California awaits the signature of Governor Brown on a landmark bill addressing cybersecurity for physical and internet-connected devices; For the third month in a row, Industrial production is up; Analysts claim that developed nations’ economies have observed 2.5% growth in wages. 
  • House Republicans advanced a measure to lock in last year’s tax cuts on individuals beyond their scheduled... September 14
    National Labor Relations Board to propose a rule that limits joint employer regulations; The GOP has advanced a proposal to extend the individual tax cuts; US import prices fall the great margin in almost two years; Retail gains decline. 
  • The Trump administration is giving Beijing another chance to try to stave off new tariffs on $200 billion in Chinese ... September 14
    Trump administration offers to resume trade negotiations with China; The newest development in Trump’s immigration policy includes paying Mexico for deportation services; Senate passes new budget plan; US jobless claims continue to drop indicating a robust US economy; Consumer Price Index indicates a rise; Economists ponder why despite income increases, wages have remained stagnant. 
  • The U.S. budget deficit is reaching levels that are abnormally high for a robust economy, and lawmakers from both parties ... September 12
    The CBO announces sky-high deficit figure; The Food and Drug Administration (FDA) to regulate the manufacturing of e-cigarettes; US business prices fall in August; Household incomes rose 1.8%. 
  • The Trump administration, taking its third major step this year to roll back federal efforts to fight climate change, is p... September 11
    The Environmental Protection Agency is planning to present a proposal to weaken Obama-era regulations on Methane; Congress reveals a three-part $147 billion dollar spending bill titled, “Minibus” that they hope to send to President Trump by the end of the week; GOP announces new plan for tax cuts; The Small Business Optimism Index rises.
  • Congressional negotiators are expected to secure a deal Monday on a package of three spending bills for the upcoming fisca... September 10
    GOP debate a second round of tax cuts in anticipation of the midterm elections; To avoid a government shutdown, Congress is expected to release a comprehensive budget deal; Oil industry remains highly volatile, keeping investors on their toes; With strong wage gains have come investor concerns for rising inflation. 
  • The Trump administration said it wants to effectively end a decades-old legal settlement that bars long-term detention for... September 7
    In an effort to detain immigrant children and parents together, the Trump administration seeks to restructure migrant children detention policy; Senate comes to an agreement for a package of legislation designed to address the opioid epidemic; Economy observes job growth and wage increases. 
  • Countering reports from its Bureau of Labor Statistics that the typical worker's wages have declined since passage of the ... September 6
    White House challenges wage stagnation; Trump threatens a shutdown to get congressional funding; Top Tier schools may not be the most economically promising track; Job growth declines, but economy stays strong; Jobless claims decline.
  • A federal judge overseeing the latest lawsuit challenging the Affordable Care Act questioned claims from Democratic attorn... September 5
    Several Republican state attorneys general will argue before a federal judge that the Affordable Care Act, without the tax penalty and individual mandate, is unconstitutional; Facebook and Twitter executives testified before the Senate Intelligence Committee in regards to international election interference; US Trade deficit rises; Despite current affairs, oil prices drop. 
  • A magnifying glass is held in front of a computer screen. September 4
    Lawmakers are set to launch a series of hearings with the tech industry, beginning with a meeting before the Senate Intelligence Committee on Wednesday.
  • Securities and Exchange Commission August 31
    The Securities and Exchange Commission wants to make it easier for individuals to invest in private companies.
  • Mexico government is eager to pass the new trade deal because it will promote higher wages for the country's aut... August 30
    The U.S.-Mexico trade deal may face trouble in the U.S. Congress, especially if Canada is not convinced to join. 

PENN WHARTON PPI
RESOURCE SPOTLIGHT:

  • <h3>MapStats</h3><p> A feature of FedStats, MapStats allows users to search for <strong>state, county, city, congressional district, or Federal judicial district data</strong> (demographic, economic, and geographic).</p><p> Quick link: <a href="http://www.fedstats.gov/mapstats/" target="_blank">http://www.fedstats.gov/mapstats/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Center for Education Statistics</h3><p><strong><img width="400" height="80" alt="" src="/live/image/gid/4/width/400/height/80/479_nces.rev.1407787656.jpg" class="lw_image lw_image479 lw_align_right" data-max-w="400" data-max-h="80"/>The National Center for Education Statistics (NCES) is the primary federal entity for collecting and analyzing data related to education in the U.S. and other nations.</strong> NCES is located within the U.S. Department of Education and the Institute of Education Sciences. NCES has an extensive Statistical Standards Program that consults and advises on methodological and statistical aspects involved in the design, collection, and analysis of data collections in the Center. To learn more about the NCES, <a href="http://nces.ed.gov/about/" target="_blank">click here</a>.</p><p> Quick link to NCES Data Tools: <a href="http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4" target="_blank">http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4</a></p><p> Quick link to Quick Tables and Figures: <a href="http://nces.ed.gov/quicktables/" target="_blank">http://nces.ed.gov/quicktables/</a></p><p> Quick link to NCES Fast Facts (Note: The primary purpose of the Fast Facts website is to provide users with concise information on a range of educational issues, from early childhood to adult learning.): <a href="http://nces.ed.gov/fastfacts/" target="_blank">http://nces.ed.gov/fastfacts/#</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Internal Revenue Service: Tax Statistics</h3><p><img width="155" height="200" alt="" src="/live/image/gid/4/width/155/height/200/486_irs_logo.rev.1407789424.jpg" class="lw_image lw_image486 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/155/height/200/486_irs_logo.rev.1407789424.jpg 2x" data-max-w="463" data-max-h="596"/>Find statistics on business tax, individual tax, charitable and exempt organizations, IRS operations and budget, and income (SOI), as well as statistics by form, products, publications, papers, and other IRS data.</p><p> Quick link to <strong>Tax Statistics, where you will find a wide range of tables, articles, and data</strong> that describe and measure elements of the U.S. tax system: <a href="http://www.irs.gov/uac/Tax-Stats-2" target="_blank">http://www.irs.gov/uac/Tax-Stats-2</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Federal Aviation Administration: Accident & Incident Data</h3><p><img width="100" height="100" alt="" src="/live/image/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg" class="lw_image lw_image80 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg 2x, /live/image/scale/3x/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg 3x" data-max-w="550" data-max-h="550"/>The NTSB issues an accident report following each investigation. These reports are available online for reports issued since 1996, with older reports coming online soon. The reports listing is sortable by the event date, report date, city, and state.</p><p> Quick link: <a href="http://www.faa.gov/data_research/accident_incident/" target="_blank">http://www.faa.gov/data_research/accident_incident/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Federal Reserve Economic Data (FRED®)</h3><p><strong><img width="180" height="79" alt="" src="/live/image/gid/4/width/180/height/79/481_fred-logo.rev.1407788243.jpg" class="lw_image lw_image481 lw_align_right" data-max-w="222" data-max-h="97"/>An online database consisting of more than 72,000 economic data time series from 54 national, international, public, and private sources.</strong> FRED®, created and maintained by Research Department at the Federal Reserve Bank of St. Louis, goes far beyond simply providing data: It combines data with a powerful mix of tools that help the user understand, interact with, display, and disseminate the data.</p><p> Quick link to data page: <a href="http://research.stlouisfed.org/fred2/tags/series" target="_blank">http://research.stlouisfed.org/fred2/tags/series</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Congressional Budget Office</h3><p><img width="180" height="180" alt="" src="/live/image/gid/4/width/180/height/180/380_cbo-logo.rev.1406822035.jpg" class="lw_image lw_image380 lw_align_right" data-max-w="180" data-max-h="180"/>Since its founding in 1974, the Congressional Budget Office (CBO) has produced independent analyses of budgetary and economic issues to support the Congressional budget process.</p><p> The agency is strictly nonpartisan and conducts objective, impartial analysis, which is evident in each of the dozens of reports and hundreds of cost estimates that its economists and policy analysts produce each year. CBO does not make policy recommendations, and each report and cost estimate discloses the agency’s assumptions and methodologies. <strong>CBO provides budgetary and economic information in a variety of ways and at various points in the legislative process.</strong> Products include baseline budget projections and economic forecasts, analysis of the President’s budget, cost estimates, analysis of federal mandates, working papers, and more.</p><p> Quick link to Products page: <a href="http://www.cbo.gov/about/our-products" target="_blank">http://www.cbo.gov/about/our-products</a></p><p> Quick link to Topics: <a href="http://www.cbo.gov/topics" target="_blank">http://www.cbo.gov/topics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The World Bank Data (U.S.)</h3><p><img width="130" height="118" alt="" src="/live/image/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg" class="lw_image lw_image484 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg 2x, /live/image/scale/3x/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg 3x" data-max-w="1406" data-max-h="1275"/>The <strong>World Bank</strong> provides World Development Indicators, Surveys, and data on Finances and Climate Change.</p><p> Quick link: <a href="http://data.worldbank.org/country/united-states" target="_blank">http://data.worldbank.org/country/united-states</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>USDA Nutrition Assistance Data</h3><p><img width="180" height="124" alt="" src="/live/image/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg" class="lw_image lw_image485 lw_align_right" srcset="/live/image/scale/2x/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg 2x, /live/image/scale/3x/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg 3x" data-max-w="1233" data-max-h="850"/>Data and research regarding the following <strong>USDA Nutrition Assistance</strong> programs are available through this site:</p><ul><li>Supplemental Nutrition Assistance Program (SNAP) </li><li>Food Distribution Programs </li><li>School Meals </li><li>Women, Infants and Children </li></ul><p> Quick link: <a href="http://www.fns.usda.gov/data-and-statistics" target="_blank">http://www.fns.usda.gov/data-and-statistics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The Penn World Table</h3><p> The Penn World Table provides purchasing power parity and national income accounts converted to international prices for 189 countries/territories for some or all of the years 1950-2010.</p><p><a href="https://pwt.sas.upenn.edu/php_site/pwt71/pwt71_form.php" target="_blank">Quick link.</a> </p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Bureau of Economic Research (Public Use Data Archive)</h3><p><img width="180" height="43" alt="" src="/live/image/gid/4/width/180/height/43/478_nber.rev.1407530465.jpg" class="lw_image lw_image478 lw_align_right" data-max-w="329" data-max-h="79"/>Founded in 1920, the <strong>National Bureau of Economic Research</strong> is a private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works. The NBER is committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.</p><p> Quick Link to <strong>Public Use Data Archive</strong>: <a href="http://www.nber.org/data/" target="_blank">http://www.nber.org/data/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>HUD State of the Cities Data Systems</h3><p><strong><img width="200" height="200" alt="" src="/live/image/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg" class="lw_image lw_image482 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg 2x, /live/image/scale/3x/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg 3x" data-max-w="612" data-max-h="613"/>The SOCDS provides data for individual Metropolitan Areas, Central Cities, and Suburbs.</strong> It is a portal for non-national data made available through a number of outside institutions (e.g. Census, BLS, FBI and others).</p><p> Quick link: <a href="http://www.huduser.org/portal/datasets/socds.html" target="_blank">http://www.huduser.org/portal/datasets/socds.html</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>NOAA National Climatic Data Center</h3><p><img width="200" height="198" alt="" src="/live/image/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg" class="lw_image lw_image483 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg 2x, /live/image/scale/3x/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg 3x" data-max-w="954" data-max-h="945"/>NOAA’s National Climatic Data Center (NCDC) is responsible for preserving, monitoring, assessing, and providing public access to the Nation’s treasure of <strong>climate and historical weather data and information</strong>.</p><p> Quick link to home page: <a href="http://www.ncdc.noaa.gov/" target="_blank">http://www.ncdc.noaa.gov/</a></p><p> Quick link to NCDC’s climate and weather datasets, products, and various web pages and resources: <a href="http://www.ncdc.noaa.gov/data-access/quick-links" target="_blank">http://www.ncdc.noaa.gov/data-access/quick-links</a></p><p> Quick link to Text & Map Search: <a href="http://www.ncdc.noaa.gov/cdo-web/" target="_blank">http://www.ncdc.noaa.gov/cdo-web/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>