• <div class="header-image" style="background-image: url(/live/image/gid/4/3219_V7N7_header.rev.1570462028.jpg);"/><div class="header-background-color"/>

Daily Update

Current economic and public policy news from the Wharton Public Policy Initiative. Subscribe to receive the Daily Update by email.

  • China to boost imports under preliminary trade deal. Under the “phase one” trade deal, Ch... October 15
    Sequence of tariffs set to begin; China to boost imports under preliminary trade deal; Farmers feel the pain from lack of USDA climate adaption assistance; Bullard wants rate cuts to fight slowing growth. 
  • ‘If both sides don’t think there is a deal, there’s no deal.’ Though the market jumpe... October 14
    ‘If both sides don’t think there is a deal, there’s no deal.’; FDA-approved edible cotton could help meet global protein demand; U.S. officials struggling to quantify the value of digital activities; Global growth prospects weighed down by trade uncertainty.
  • U.S.-China trade talks started off on positive note. Chinese Vice Premier Liu He visited the Whit... October 11
    Fed weakens bank requirements; U.S.-China trade talks started off on positive note; Senate will vote to reverse Trump healthcare, tax, and environmental changes; Push for FASC to work for whole-government; California proposes new data privacy rules; Import prices rise 0.2%
  • White House signs off on licenses for Huawei business. In what has been interpreted as an act of ... October 10
    White House signs off on licenses for Huawei business; China trade talks resume Thursday with U.S. weighing escalation options; Plan in place to prevent tech giants from dodging taxes; EPA set to announce new lead standards in water; Consumer prices unchanged in September; Jobless claims fall unexpectedly.
  • U.S. to Restrict Visas for Chinese Officials. One day after the U.S. imposed export restrictions ... October 9
    U.S. to Restrict Visas for Chinese Officials; Treasury Considering Rolling Back Obama-era Offshore Tax Rule; Changes to Anti-Kickback Rules for Health Care Providers; Trump Officials Eliminate Board that Advised on Smart Grid Innovation; Falling U.S. Job Openings Point to Slowing Labor Market; Federal Reserve Officials Worried.
  • 28 Chinese firms added to U.S. blacklist over human rights violations. On Monday, the Commerce De... October 8
    28 Chinese firms added to U.S. blacklist over human rights violations; China tones down expectations for trade talks; Federal deficit hits $984 billion; New NAFTA deal promising amid impeachment drama; Trump looks to insert U.S. tech regulation in trade agreements; Producer prices unexpectedly fell in September.
  • Immigrant-Visa Applicants Required to Show They Can Afford Health Care. The Trump Administration ... October 7
    Tech Probes Split the GOP; Immigrant-Visa Applicants Required to Show They Can Afford Health Care; Trump’s Defiance of Oversight Presents New Challenge to Congress; Economists Wrestle with How to Help ‘Left Behind’ Areas; Average Commute Time Reached a New Record.
  • Supreme Court agrees to hear Louisiana abortion case. The Supreme Court agreed to review a Louisi... October 4
    Trump’s China-Biden investigation proposal invites political blowback; Barr asked Facebook to delay encryption plan; Trump accused of infringing on states rights with environmental policy; Supreme Court agrees to hear Louisiana abortion case; Trade deficit widens to $54.9 billion: more than expected.
  • U.S. set to slap tariffs on EU following WTO Airbus ruling. The U.S. will impose tariffs on $7.5 ... October 3
    U.S. set to slap tariffs on EU following WTO Airbus ruling; Trump administration to broadly expand DNA collection of migrants in custody; Pelosi pushing trade deal amidst impeachment inquiry; Trump to unveil Medicare plan in bid to contrast Democrat rivals; U.S. jobless claims rise for third straight week.
  • With court decision, net neutrality rules could return at to state level. On Tuesday, the U.S. Co... October 2
    With court decision, net neutrality rules could return at state level; Trump administration’s offer for state designed wellness programs faces pushback; Spotlight on marijuana banking bill shifts to the Senate;ADP reports 135,000 private-sector jobs in September.
  • Big Tech worried about lack of federal privacy rules. Sources claim that Congress won’t pas... October 1
    BLM greenlights Arctic drilling, claiming “there is no climate crisis.”; Big Tech worried about lack of federal privacy rules; Federal judge upholds SALT cap; Trump administration takes step to make Fannie Mae and Freddie Mac private again; On Tuesday, the WTO said that global trade is expected to grow at the lowest pace since 2009; IHS Markit’s PMI indicates September expansion. 
  • Evidence emerging that the ACA saves lives. Nearly a decade after the Affordable Care Act (ACA) w... September 30
    Google’s new IP comes under scrutiny; Evidence emerging that the ACA saves lives; 3-D printing reducing Air Force costs; Crypto exchanges band together; U.K. yield curve inversion may be weakening as a recession indicator.
  • Senate stopgap bill averts shutdown. The Senate passed stopgap spending legislation today that wi... September 27
    Trump administration to allow record low number of refugees into the U.S.; Democrats, utilizing whistleblower report, push for election security; Senate stopgap bill averts shutdown; Personal income increased 0.4 percent in August 2019
  • U.S. and Japan agree on limited trade deal. U.S. President Donald Trump and Japanese Prime Minist... September 26
    Oil & Gas industry want USMCA passed amid impeachment inquiry; Senate fails again to end Trump’s national emergency; Marijuana legislation may pass under banking bill; Congress can’t keep up with automakers on self-driving cars; U.S. and Japan agree on limited trade deal; U.S. jobless claims increase to three-week high; U.S. GDP growth unrevised in second quarter.
  • Speaker Nancy Pelosi announced Tuesday that the House will launch a formal impeachment inquiry ag... September 25
    Speaker Nancy Pelosi announced Tuesday that the House will launch a formal impeachment inquiry against President Trump in response to the ongoing whistleblower complaint; The UN Intergovernmental Panel on Climate Change released a report on Wednesday that reviewed and predicted the state of the world’s oceans and ice; Congress is currently acting on the SAFE Banking Act: a bill that would provide protections to financial institutions that serve cannabis businesses; More workers to qualify for overtime; Despite advice from Energy Department, EPA granted full biofuel waivers; U.S. home sales increase more than expected in August.
  • Questions about Trump’s authority to withhold whistleblower complaint. As the whistleblower... September 24
    Questions about Trump’s authority to withhold whistleblower complaint; California law to change status of workers in gig economy; Pharmaceutical companies stepping up lobbying efforts to protect pricing power; Backlash against use of facial recognition in public housing; Home price index indicates housing market heating up; Consumer confidence index fell to 3-month low.
  • Congress has one week to fund government before it shuts down. And before Congress leaves for a t... September 24
    Congress has one week to fund government before it shuts down; Ukraine call raises impeachment pressure; Fannie, Freddie getting closer to retaining their earnings; Keynes would be concerned of America’s savings rate; U.S. manufacturing sector recovered in September.
  • Aviation emissions are worse than previously thought. The United Nations previously projected tha... September 20
    Whistleblower complaint might be tied to the Ukraine; Homeland Security retracts policy to reject deferral requests of severely sick immigrants; NDAA might be held up over border wall, Space Force, and Iran; Aviation emissions are worse than previously thought; Fed to consider resuming growth of its balance sheet.
  • Trump attempting to find a compromise between Big Oil and Big Corn. On Thursday, Trump is schedul... September 19
    Interior Department transferring federal land to Army for border wall construction; Trump attempting to find a compromise between Big Oil and Big Corn; California Governor signs law protecting gig economy workers; Trump defends revoking California tailpipe emissions; waiver; U.S. jobless claims inch up for the week; U.S. leading economic index unchanged in August.
  • 2020 spending bills to move to Senate floor. Senate Majority Leader McConnell is expected to move... September 17
    Tensions between FTC and Justice Department rise over jurisdictional clash; 2020 spending bills to move to Senate floor; Utilities providers filed suit against looser emissions standards; Industrial production up 0.6% in August; Homebuilder sentiment at year high despite warning signs.
  • Trump continues pressuring Fed to cut rates. Tweeting at the Fed almost daily, President Trump is... September 16
    Ten days left to fund government but Senate resolution not in sight; Private banks return to the mortgage business; Marijuana crops potentially exposed to toxic pesticides; U.S. shielded from economic shocks of attack on Saudi oil facilities; Trump continues pressuring Fed to cut rates. 
  • Trump delays tariff hike on Chinese goods by two weeks. President Trump said on Wednesday the U.S... September 12
    Supreme Court permits Trump to deny asylum to Central Americans; Trump delays tariff hike on Chinese goods by two weeks; House approves two bills to block offshore drilling; US weekly jobless claims drop to five-month low; U.S. consumer prices rise a slight 0.1% in August.
  • With trade talks on the horizon, China drops tariffs on some U.S. goods. The country announced on... September 11
    With trade talks on the horizon, China drops tariffs on some U.S. goods; Drug prices on election agenda for both Republicans and Democrats ahead of 2020; Trump pushing for California homeless crackdown; California approves bill that requires app-based companies to treat their workers as employees; Median U.S. household income remains static in 2018. 
  • U.S. job openings decline for second month in a row. Declines in July come amid decreases in whol... September 10
    Senate Democrats aim to force one more vote against border emergency; San Francisco-based federal judge reinstates national asylum ban block; Attorneys General launch Google probe; U.S. tech industry urges Congress to pass North American trade pact; U.S. job openings decline for second month in a row.
  • Marijuana advocates divided in Congress. Nearly two-thirds of Americans support federal marijuana... September 9
    Financial sector teed up for a busy fall on Capitol Hill; A brief breakdown of Big Tech antitrust issues; Marijuana advocates divided in Congress; Trump’s trade war is weighing on manufacturer spending plans; The richer you are, the longer you live.
  • Google, Facebook facing state run antitrust probes. State attorneys general are formally launchin... September 6
    Google, Facebook facing state run antitrust probes; Treasury share plan to set Fannie, Freddie free; Federal agencies moving to block California’s vehicle emissions rules; U.S. employers add 130,000 jobs in August. 
  • U.S. and China schedule trade talks for October. Chinese and American officials plan to hold trad... September 6
    U.S. and China schedule trade talks for October; Market eyeing Fed rate cut this month; Special interest groups push back on ‘surprise’ medical costs bill; Pentagon announces cuts to fund border wall; ADP: Private sector employment increased by 195,000 jobs in August; Jobless claims up slightly week-over-week; U.S. productivity climbs 2.3% in second quarter.
  • Trump administration moves ahead with $3.6 billion transfer of funds from military to border wall... September 4
    Trump administration moves ahead with $3.6 billion transfer of funds from military to border wall; Key House Democrat says North American Trade Pact approval unlikely in 2019; Trump administration rolling back lightbulb requirements; U.S. trade deficit narrows less than expected to $54 billion.
  • In face of tariffs, U.S. and China struggle to set trade meeting. After the U.S.’s rejectio... September 3
    In face of tariffs, U.S. and China struggle to set trade meeting; Trump administration reconsiders ending protections for migrants who receive medical care; In tight labor market, Americans with disabilities chase dream jobs; ISM manufacturing index falls below 50% in August reading; Construction spending barely rises in July.
  • Trump promises 'giant package' for ethanol makers. Trapped between increasingly frustra... August 30
    Oil and gas industry split over methane rule rollback; Trump promises ‘giant package’ for ethanol makers; Dems accuse Trump administration of blocking detention facility tours; Trump administration planning expansion of overtime pay; U.S. consumer spending rose sharply in July.

WHARTON PPI
RESOURCE SPOTLIGHT:

  • <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>
  • <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 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>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>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>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>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 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>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>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>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>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>