• <div class="header-image" style="background-image: url(/live/image/gid/4/3122_V7N5_Header.rev.1562598865.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.

  • New immigration policy to allow indefinite detention. The Trump administration on Wednesday unvei... August 22
    ACA footprint grows under health insurers expansion; Budget deficits could limit U.S recession response effectiveness; New immigration policy to allow indefinite detention; New initiative to research mental illness and gun violence; U.S. jobless claims fall in sign of labor market strength; Leading index signals moderate growth ahead. 
  • Administration weighing options to avoid recession. After it was reported the administration was ... August 21
    Administration weighing options to avoid recession; FDIC approves Volcker rule changes; Farmers frustrated over ethanol exemptions; Existing home sales climb 2.5% in July; CBO raises 10-Year forecasts for budget deficits by $809 billion; FOMC releases minutes from July meeting.
  • California and Trump press on in emissions standards battle. Delivering a blow to the Trump admin... August 20
    State Attorneys General open antitrust investigation of big tech companies; U.S. renews Huawei waiver for 90 days; HUD proposes changes to fair housing rules; California and Trump press on in emissions standards battle; White House considering payroll tax cut; Investors hopeful for more rate cuts.
  • Trump and team attempt to downplay recession fears. Donald Trump and top White House officials, i... August 19
    Trump ties Hong Kong protests with China trade talks; Pelosi cautions Mnuchin against cutting foreign aid; Trump and team attempt to downplay recession fears; NABE survey reveals economists’ recession expectations; Survey shows surge in support for free trade.
  • U.S. President required to be told he cannot buy foreign sovereign land. President Trump is said ... August 16
    U.S. President required to be told he cannot buy foreign sovereign land; Labor Department proposes religion exemption for hiring and firing; Implementing International Price Index for drugs is a top priority; Trump merit-based immigration policy will lead to sicker children; U.S. homebuilding fell for a third straight month in July; Trade worries send consumer sentiment lower than expected. 
  • Trump seems to link Hong Kong protests to trade talks with China. President Trump linked Hong Kon... August 15
    Trump seems to link Hong Kong protests to trade talks with China; DHS wants to shift money to immigration enforcement; Government moves toward easing drive-time rules for truckers; Jobless claims hit 6-week high of 220,000; U.S. retail sales beat estimates to show strong consumer spending; U.S. industrial production slips in July.
  • Trump walks back tariff threat. Bowing to pressure from U.S. businesses and concerns over the eco... August 14
    Trump walks back tariff threat; 22 states sue EPA to block Trump’s coal-friendly power plant rule; FHA loosens crisis-era rules for first time condo buyers; Iowa farmers still backing Trump amidst trade war; U.S. import and export prices rise in July; Key yield curve inverts. 
  • Trump to deny green cards to immigrants receiving public benefits. The Trump administration relea... August 13
    Trump to deny green cards to immigrants receiving public benefits; U.S. significantly weakens endangered species act; U.S. budget deficit already exceeds last year’s total figure; Legal battles continue over reduced fuel efficiency penalties; African Americans and minorities underserved by U.S. banks; Trump’s jobs efforts not delivering results; U.S. consumer prices up in July. 
  • Leading indicator signaling recession. A historically reliable harbinger of U.S. recessions, the ... August 12
    California’s AB5 could radically change the gig economy; Goldman lowers U.S. growth forecast on trade tensions; Lobbyists capitalizing on growth of cannabis industry; Current level of federal minimum wage has little economic impact; Leading indicator signaling recession.
  • Trump renews pressures on Fed. In a series of tweets issued on Thursday, President Trump continue... August 9
    EPA eyes changes to Clean Water Act; Trump renews pressures on Fed; Graham promises repeal of ACA if Republicans win big in 2020; U.S. Producer price index rose 0.2% in July; U.S. China Trade battle stifles global oil demand.
  • China sets yuan’s midpoint at weakest level since 2008. On Thursday, the People’s Bank of... August 8
    Trump considering executive action over alleged anti-conservative tech bias; China sets yuan’s midpoint at weakest level since 2008; Medicare to cover high-priced cancer treatment; UN climate change report calls for changes to human diet and land use; Initial jobless claims fall by another 8,000.
  • China halts all U.S. agriculture purchases. Suffering another blow from the U.S.-China trade war,... August 7
    U.S. tariffs on pace to generate $100 billion this year; Foreign aid funds put on hold for review; China halts all U.S. agriculture purchases; Congress working towards data privacy legislation; FOMC members says trade policy is becoming a challenge.
  • U.S. labels China a currency manipulator. The Trump administration and Treasury Department formal... August 6
    U.S. labels China a currency manipulator; Federal Reserve announces real-time payments system FedNow; “How Much Nature Should America Keep?”; Trump pick throws FERC into turmoil; JOLTS adds to upbeat signs in labor market.
  • Advisors can’t walk Trump back from tariffs. After U.S. Trade Representative Robert Lighthi... August 5
    DOJ and FTC clashing over big tech antitrust agenda; Advisors can’t walk Trump back from tariffs; Congress facing September scramble to fund the government; Top research departure at USDA highlights worrying trend; U.S. services sectors decelerated in July.
  • FTC examining Facebook’s acquisitions as part of antitrust probe. The U.S. Federal Trade Co... August 2
    Trump says he’s raising more tariffs on China; EPA proposes relaxing air pollution standards; FTC examining Facebook’s acquisitions as part of antitrust probe; New data shows extent to which Trump counties received subsidies; U.S. economy adding jobs; wage growth still tepid; Trade numbers show deficit barely unchanged. 
  • U.S.-China trade talks end with no deal; plans to continue in September. U.S. officials including... August 1
    Trump preparing executive order to allow drug imports from Canada; Congress restarts self-driving car legislation; U.S.-China trade talks end with no deal; plans to continue in September; Alaska and environmental groups file lawsuit for information on Arctic refuge lease sale; Weekly jobless claims edge up; U.S. factory activity lost momentum in July.
  • Child separations at border continue despite order to stop. The Trump administration has separate... July 31
    Trump administration wants to index capital gains to inflation; Child separations at border continue despite order to stop; 500,000 kids could lose free school lunch under Trump administration proposal; Senate panel acknowledges climate change in passing $287 billion transportation bill; Fed cuts rate by a quarter point; ADP: Private sector employment increased by 156,000 jobs in July.
  • Medical and health insurance claim form with stethoscope on clipboard July 30
    Trump administration proposes hospital price transparency rule; AG restricts asylum claims based on family relations; Senators unveil federal highway spending plan; Consumer spending slows slightly in June; Inflation well below Fed target in June; U.S home prices rose at a slower pace in May. 
  • U.S.-China trade talks resume this week. U.S. and Chinese trade negotiators shift to Shanghai thi... July 29
    First large-scale offshore wind project faces headwinds from fishing industry; Labor department announces small business retirement-plan rule; U.S. joins international community demanding decryption power; U.S.-China trade talks resume this week; Inflation concerns driving expected Fed rate cut.
  • Farmers’ patience running out over trade war. This week, about 60 soybean farmers from arou... July 26
    House and Senate introduce competing carbon tax bills; House passes two-year budget deal to lift spending and debt ceiling; Farmers’ patience running out over trade war; Trump can’t get a win on asylum laws; GDP slows to 2.1% in second quarter but beats expectations. 
  • Trump wants U.S. drug prices in line with Europe’s. President Trump has long felt the U.S. ... July 25
    Trump wants U.S. drug prices in line with Europe’s; States permitted to import Canadian prescription drugs under new plan; Federal judge blocks President Trump’s new asylum restrictions; Four automakers strike deal with California on vehicle emissions; Initial jobless claims fall for third time in four weeks. 
  • U.S., China trade talks scheduled to resume in Shanghai. Next week, a U.S. delegation led by U.S.... July 24
    DOJ announces broad antitrust review of Big Tech; USDA to pay $15 minimum per acre to farmers impacted by China trade war; U.S., China trade talks scheduled to resume in Shanghai; Senate introduces bipartisan legislation to bolster the Freedom of Information Act; New home sales rise in June; prior three months revised down. 
  • Trump administration moves to speed up deportations. On Monday, the Department of Homeland Securi... July 23
    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. 
  • Chinese investment falls as trade tensions rise. As relations between China and the U.S. deterior... July 22
    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. 
  • To Trump’s ire, budget deal poised to extend deficit. After Speaker Pelosi and Treasury Sec... July 19
    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.
  • White House and Pelosi make some progress on budget deal. During an interview on CNBC, Treasury S... July 18
    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.
  • Politicians disagree on how to deal with tech industry. With Facebook on Capitol Hill this week, ... July 17
    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.
  • White House projects $1 trillion deficit for 2019. The White House Office of Management and Budge... July 16
    White House projects $1 trillion deficit for 2019; Mnuchin raises alarm over cryptocurrencies; White House moves to further restrict asylum; U.S. retail sales post big gains in June; U.S. industrial production flat through June. 
  • Republicans ready to “repeal without a replace” Obamacare. It is widely hoped by Republic... July 15
    “Safe third country” agreement blocked in Guatemala; Republicans without plan to raise debt ceiling; Republicans ready to “repeal without a replace” Obamacare; Threats push Congress to act on infrastructure cybersecurity; Economists find unemployment rate a weak metric in current business cycle. 
  • Justice Department tries to substitute census team but judge says “no”. In a case that co... July 11
    Plan to eliminate surprise medical bills faces headwinds as Senators disagree; Justice Department tries to substitute census team but judge says “no”; Obamacare future murky after court of appeals hearing; Job opens cool for second consecutive month.

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>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>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>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>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>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>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>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>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>