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Daily Update

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

  • China is preparing to replace an industrial policy savaged by the Trump administration as protectionist with a new program... December 13
    In an effort to address ensuing trade tensions between the US and China, Beijing is looking to increase foreign company access; As a result of the public frustration concerning data breaches, Congress looks to establish a new privacy bill; A farm bill approved by the House now makes it way to Trump; Jobless claims return to their downward trend. 
  • Beijing sought to ease tensions with Washington as its top trade negotiator told U.S. officials that China was planning to... December 12
    The House passes a bill to crack down on drug companies that deliberate exploit the Medicaid program; Trump is poised to sign an executive order that would shift federal funding to oppertunity zones; In an effort to ease tensions, China has pledged to reduce tariffs on US cars and buy more American commodities; Consumer prices remain stable for another month.
  • Congress is on track to pass a five-year farm bill this week that leaves out controversial proposed work requirements for ... December 11
    Congress is anticipated to pass a new farm bill that excludes controversial work-requirements for food stamp recipients; The Trump administration is poised to release a new water protections plan that reduces existing regulations; House GOP released revisions to the end-year tax bill that risk backlash from House democrats; Producer Price Index rises but inflation appears to be slowing. 
  • The Trump administration’s point man on U.S.-China trade negotiations said the U.S. would hold fast to its 90-day de... December 10
    Top Negotiator, Lighthizer announces that America will enforce contested 90-day agreement deadline for US and China trade negotiations; HIV cure studies using fetal tissue impeded by Trump Administration; The parliamentary vote for Brexit postponed by UK Prime Minister May; Compared to last year productivity up by more than 1%; One US inflation index fell slightly in the month of November.
  • The Trump administration’s efforts to extradite the chief financial officer of China’s Huawei Technologies Co. ove... December 7
    The Trump administration brings criminal suits against Huawei’s CFO, potentially further rocking US-Chinese relations; The Bureau of Land Management is expected to rollback on animal protections in order to boost oil and gas production; Despite an increase in oil and gas exports, the trade deficit increases; US job growth underperform compared to expert predictions; Consumer sentiment remains steady, thereby outperforming analyst estimates. 
  • The Trump administration is expected on Thursday to roll back an Obama-era rule requiring new coal plants to slash carbon ... December 6
    EPA to introduce a roll back on coal emissions standards; Lawmakers remain polarized as disputes over funding of Trump’s border wall ensue; Representatives introduce a bipartisan bill to help promote cybersecurity education; Private sector jobs remain strong in the month of November with more than 100,000 new jobs added; Jobless claims fall but remain near a five month high. 
  • A bill introduced by Sens. Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.) will seek to crack down... December 5
    Senators introduce a bipartisan drug pricing bill; In an effort to facilitate the construction of new coal plants, EPA plans to roll back environmental legislation; Postal service issues a statement saying that it is considering to raise prices to companies such as Amazon. 
  • President Trump named a China hard-liner to lead negotiations with Beijing, indicating the U.S. will pursue a tough stance... December 4
    Trump administration intends to absolve subsidies for electric cars and renewable energy resources; Lawmakers agree on a tentative spending bill that stalls big debates regarding immigration and the border wall; Following the trade truce reached in Buenos Aries, Trump announce a China hard-liner as the new head negotiator; US auto sales outperform expert expectations. 
  • President Trump announced on Sunday that China had agreed to "reduce and remove" tariffs on U.S.-produced December 3
    Nations make a breakthrough as Trump announces that China has agreed to reduce and remove tariffs on US automobiles; To avoid government shut down, lawmakers negotiate spending bill; Factory activity increases in November; Compared to last months readings, construction spending down. 
  • The Federal Reserve is poised to raise interest rates at its next policymaking meeting in mid-December and to continue rai... November 30
    New NAFTA replacement deal signed; Trump administration loosens coverage requirements by allowing states to apply for waivers to distribute subsidies for beneficiaries that don’t meet ACA requirements; Ways and Means Chairman proposes to eliminate fringe benefits for employees of churches and other nonprofits; Interest rates anticipated to be hiked in December. 
  •  Some multinational companies may not see as much of a benefit from President Trump’s signature tax cuts as the... November 29
    Negotiations on farming bill makes headway in House and Senate; Trump administration attacks Climate Change report as ‘radical’ and not ‘data-driven’; Multinational companies may not enjoy benefits initially anticipated after tax cuts based on new proposed regulations; Jobless claims increase suggesting slowing in labor market; The number of pending housing sales continues to decline.  
  • A bipartisan group of lawmakers is introducing a landmark bill that would charge fossil fuel companies a tax for their car... November 28
    Bipartisan carbon tax bill introduced that would charge $15 per ton for carbon emissions; Undocumented immigration reaches a low in 2016; GDP grows by 3.5%
  • President Trump, days before a summit with China’s leader, said he expects to move ahead with boosting November 27
    Trump indicates that another round of tariffs on Chinese imports may be on their way; House Republicans present a new tax package for approval; Trump reveals a new proposal to reduce Medicare drug prices by relaxing regulations on mandatory drug for insurance providers; Despite an underperformance by the consumer confidence index, metrics reveal an overall optimism; Though home prices rise, they do so at the slowest rate in months. 
  • U.S. Supreme Court justices on Monday appeared open to letting a lawsuit proceed against Apple Inc that accused it of brea... November 26
    A report by the US Government reveals the accelerating cost of climate change efforts in the coming century; Congress is again at risk of another partial shutdown due to border wall dispute; The Supreme Court agrees to hear a case regarding an anti-trust suit brought against Apple; The Chicago Economic Index indicates a rise a in the stock market. 
  • Top lawmakers are considering a taxpayer-funded bailout for retirees who are members of certain failing pension plans, scr... November 21
    Senators consider actions to address “pension crisis”; New bill to change tax-free exceptions for multimillionaire gifts; Consumer sentiments fall marginally; Jobless claims rise according to this weeks metrics. 
  • A federal judge on Monday ordered the Trump administration to resume accepting asylum claims from migrants no matter where... November 20
    Manufacturers urge FTC to crack down on fraudulent “Made in the USA” tags; Judge rules in favor of asylum seeker’s rights; EPA to “set” biofuel program targets; Housing starts metric rise by 1.5%.
  •  America’s farmers have been shut out of foreign markets, hit with retaliatory tariffs and lost lucrative contr... November 19
    Agriculture industry suffers due to trade war; Senators take action to protect people from illegal robocalls; Homebuilding demands settle due to rising interest rates and growth in prices. 
  • President Trump did not commit Thursday to avoiding a partial government shutdown next month if lawmakers don’t give... November 16
    Ambiguity of the current federal budget plans arise as lawmakers are unsure whether or not President Trump will approve current senate draft; New inflation calculations threaten GOP tax law; Manufacturing output rises. 
  • A presidential committee has voted to move forward with its cybersecurity “moonshot,” a daunting task aimed at mak... November 15
    Cybersecurity gets a new push in the White House; EU negotiators craft retaliatory measures in light of US auto tariff threats; Labor Market remains strong as Jobless Claims observes only a marginal rise; US retail sales surge due to Hurricane Florence relief efforts. 
  • uniform, healt care, doctor, health, hospital, medical care, medicine, ambulance, stethoscope, medical records, white coat November 14
    The White House sanctions Medicaid waivers for states in order to reallocate more funds for long term issues stemming from the opioid crisis; US security might be at risk due to Chinese tech capabilities says Security Commission; Conflicts amongst Trump administrators regarding trade war; Consumer price index rises.
  • Small Business Optimism Index at a continued high. According to the Small Business Optimism Index, readings cont... November 13
    White House implements new strategy aimed at combating Chinese Intellectual property theft; Privacy Advocates urge legislatures to include certain provisions in new internet privacy law; Trump does not sign an international cybersecurity declaration; Small Business Optimism continues to perform at a historic high.
  • President Trump’s promise to quickly pass a revamped North American Free Trade Agreement has been upended by the mid... November 12
    Midterms affect Congressional activity as it resumes; Democrat win in the midterms may compromise new NAFTA agreement; The threat of raising interest rates may adversely affect US federal debt. 
  • A federal judge in Montana on Thursday blocked the Trump administration’s permit allowing the Keystone XL pipeline a... November 9
    Judge issues a block on Trump administration’s permit for Keystone XL pipeline; FDA approves new non-drug based painkiller options; Consumer sentiments rise; Wholesale prices surge at its fastest rate in 6 years. 
  • The Federal Reserve on Thursday held interest rates steady while signaling that it will stay the course and move rates up ... November 8
    Trump to issue a new policy that will force asylum seekers to conduct paper work at the port of entry; Following the Democratic voted majority in the House, legislatures are anticipated to increase oversight of tech regulators; US Jobless claims decline; Federal Reserve decides to keep Interest rates stable. 
  • uniform, healt care, doctor, health, hospital, medical care, medicine, ambulance, stethoscope, medical records, white coat November 7
    A carbon tax proposal rejected by voters in Washington State; Democrats gain higher ability and latitude to bolster health care initiative; The number of mortgages taken out falls. 
  • President Donald Trump’s administration asked the U.S. Supreme Court on Monday to allow it to end a program introduc... November 6
    A new bill to revamp American infrastructure might be in the new Congress’ horizon; Trump urges Supreme Court to rule on DACA Program; The Pentagon deploys more troops at the US-Mexico border; Net job openings decrease. 
  • The midterm elections will be the first major test of election security since 2016, and also set the stage for the next Co... November 5
    Concerns rise regarding American voting security; Trump administration to re-impose sanctions on Iran; Net Neutrality changes ratified by Supreme Court; UK securities exchange down in light of Brexit. 
  • President Trump said he wants to keep undocumented immigrants apprehended at the border in detention until their legal cas... November 2
    Trump administration criticizes Democratic efforts to increase the federal minimum wage; Trump announces intent to retain apprehended migrants at the boarder rather than release them into the country for civil proceedings; Labor market observes increase in private sector jobs; Despite indicators of a strong economy, US productivity lags. 
  • The Affordable Care Act’s sixth open-enrollment season begins Thursday, marking a test of the health law’s stabili... November 1
    As open-enrollment for the Affordable Care Act approaches, lawmakers wait to see its viability; Wisconsin places workers regulations on its Medicaid programs; Jobless Claims remain low indicating a strong labor force; US productivity rises as companies push production but limit increases in labor. 
  • President Trump said he was preparing an executive order that would nullify the long-accepted constitutional guarantee of ... October 31
    Trump indicates intent to limit 14th amendment rights; Justice department takes on a record number of market manipulation cases; Despite America’s withdrawal from the Trans-Pacific Partnership, the agreement goes into effect through Australia’s ratifying vote; Rate of job growth increases.

PENN WHARTON PPI
RESOURCE SPOTLIGHT:

  • <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>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>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>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>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>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>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>
  • <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>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>