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Daily Update

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

  • The White House on Sunday defended President Trump’s declaration of a national emergency at... February 18
    Upon President Trump’s announcement regarding a national emergency at the southern border, the White House issued a statement that it supports this action; GOP state leaders look to make it more tenuous to pass voter initiatives; Despite staggering projections that claim the Federal Deficit will top $1 trillion dollars by 2022, top economist recommend that the government continue to borrow in light of historically low borrowing costs.
  • President Trump will declare a national emergency as early as Friday to bypass Congress and build... February 15
    To further his border wall agenda, President Trump plans to declare a national emergency; Top negotiators from both sides of the US-China trade conflict have made some progress on the broad outlines of a future agreement; Manufacturing output falls in the month of January; Consumer sentiment beats economists’ estimates
  • Lawmakers finalized a compromise border security measure late Wednesday which would provide $1.37... February 14
    Congress to vote on bipartisan security bill without wall funding; Advocacy groups emphasize civil rights issues in big data debate; EPA leaders halted chemical health risk report; Average 4-week jobless claims at 1-year high; Producer price index falls 0.1%
  • Averting a government shutdown, President Trump is expected to sign a compromise bill which would... February 13
    Under the Trump administration, bank mergers are getting approved at a faster rate; The Trump administration faces a pivotal decision that would determine if states can receive exemption from the Medicaid expansion mandate; Trump to sign a compromise for the federal budget funding; Consumer prices remain unchanged in the month of January; The federal deficit falls to $14billion.
  • Key lawmakers announced a tentative deal late Monday that would avert another government shutdown... February 12
    Lawmakers announce agreement to avoid government shutdown; A bi-partisan bill was proposed to ban drilling for oil and natural gas in an Alaskan wildlife refuge; A bi-partisan bill was introduced to help attract cyber security experts to the public sector through partnership with private companies; Legislators have launched efforts to repeal the cap on State and Local Tax deductions; Metrics indicate the greatest number of job openings are available now than in 19 years.
  • Congressional efforts to reach a border security deal ahead of another government shutdown broke ... February 11
    Trump administration suggests that it will take steps to ease immigration standards for highly-skilled applicants; Trump to sign an executive order allocating resources to promote artificial intelligence; Congressional efforts to negotiate boarder security funding in anticipation of government shutdown deadline fall through.
  •   President Donald Trump is expected to sign an executive order, banning Chinese telecom ... February 8
    With love hopes for federal emissions standards, States have led the initiative to set climate goals; Through an executive order, President Trump looks to ban Chinese telecom equipment; In light of an approaching March 1st deadline, US businesses are pushing for a resolution between US and China; The number of Americans applying for jobless claims retreat from an almost two year high.
  •   Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Ed Markey (D-Mass.) released a blueprint for a ... February 7
    Congresswomen Ocasio-Cortex and Senator Markey reveal the “Green New Deal,” a plan that hopes to transition the US to 100% clean energy and create new jobs in technology/infrastructure sectors; Trump administration to roll back lightbulb efficiency rules; House Democrats look to help protect those with pre-existing conditions in light of ACA controversy; Jobless claims fall this week.
  • A coalition of groups is urging House and Senate leadership to pass bipartisan legislation to imp... February 6
    During the state of the union address, President Trump focuses on infrastructure; The NHTSA is rescinding an Obama era rule that would require event data recorders in new cars and trucks; Data on the foreign trade gap released Wednesday revealed the trade deficit falls in November; Despite the drop in interest rates, the number of mortgages applications still fall.
  • Senate Republicans are warning President Trump ahead of his State of the Union speech against usi... February 5
    In light of President Trump’s announcement regarding his inclination to declare a state of national emergency, Senate Republicans warn against the move on political, constitutional, and ideological grounds; State GOP leaders hope to roll back on Medicaid expansions through federal preemption; The manufacturing Purchasing Manager’s Index fall to a four-mouth low; Metrics indicate that the growth of the service sector has slowed.
  • After years of Republican-led debate over how to pare back Social Security’s rising costs, ... February 4
    Democrats reveal a new proposal that would alter social insurance policies in the interest of people like the American elderly; A source close to the White House negotiations claims that the failure to establish wall funding would force President Trump to declare a state of emergency at the border; Data from JP Morgan on the international trade indicates the slowest amount of growth in two years.
  • Total nonfarm payroll employment increased by 304,000 in January, and the  unemployment rate edge... February 1
    EPA adds eight new members to its Science Advisory Board, a move speculated to make the organization more industry friendly; Trump administration reveals policy change that would fine for drug rebates; Trump administration eases on small arms export regulations; Metrics indicate a rise in unemployment; Consumer sentiment drops most likely in light of government shutdown
  • The Trump administration unveiled changes to how the coveted visas for high-skilled foreign worke... January 31
    Trump administration unveils changes to the visa program that promoted entry for skilled workers; House Democrats presents a funding proposal that excludes financing of border wall; Federal courts to hear case on net neutrality; Jobless claims surge to a near 18-month high; New home sales rise in November.
  • The Federal Reserve opted not to raise interest rates during its policy meeting this week and ple... January 30
    A bi-partisan committee has been tasked with striking a deal for Department of Homeland Security funding; Congress is putting pressure on pharmaceutical industry to face drug price hearings; New EPA regulations provide greater latitude to natural gas producers; Federal Reserve votes to keep rates constant.
  • The U.S. economy was expected to lose $3 billion from the partial federal government shutdown ove... January 29
    Reports show that the government shutdown has cost a net $3 billion; Congress and the Executive Office explore new ways to permanently end the government shutdown; Trade talks between US and China resume following promising preliminary negotiations; Consumer confidence drops to a 18 month low.
  • President Trump said Sunday he doesn’t believe congressional negotiators will strike a deal... January 28
    President Trump announces intent to fund border wall via emergency powers if necessary; Trump announces to combat surprise medical bills through legislation; National Labor Relations Board announces new rule making that would qualify fewer employees for federally mandated labor protections; National Activity Index rising.
  • The White House will announce a plan by next month to end government control of Fannie Mae and Fr... January 25
    The Trump organization will begin returning asylum seekers to Mexico today as a part of a new policy instated last month; CEOs from big banks prepare for hearings from new Financial Services Chairwoman Maxine Waters; White House announces that it intends to end government control over Fannie Mae and Freddie Mac without prior congressional approval; New metrics show that home sales are slowing.
  • The Trump administration on Wednesday said a faith-based foster-care organization in South Caroli... January 24
    Trump administration creates caveat that allows foster-care organizations to refuse placement to same-sex and non-Christian families; Metrics indicate a rise in the number of uninsured; White Houses requests impact report from agency leaders in order to assess potential cost of extending shutdown; Jobless claims return to a 49-year old low; In line with expert predictions, major economic index drops by 0.1%
  • The Senate on Tuesday passed a measure that would temporarily extend a key federal welfare progra... January 23
    Despite the shutdown, Senate votes to sustain welfare programs; House passes a bill that would prevent the US from leaving NATO; Senate Finance Committee to hold a hearing regarding drug pricing; In 19 states, unemployment reached record low. 
  • The Senate this week is expected to vote on a border-security proposal put forward by President T... January 22
    Senate is unlikely to support a proposal from Trump that requests $5.7 billion in border security funding; Democrats temporarily prioritize Medicare overhaul efforts against universal healthcare campaign policy positions; US home sale prices fall to their lowest levels in three years. 
  • U.S. President Donald Trump is reviving efforts to win approval for a significant infrastructure ... January 18
    A proposal from the Trump administration could raise out-of-pocket costs for healthcare costs; Trump attempts to revitalize infrastructure improvement plans; Consumer sentiments drop sharply in January.
  • As the government shutdown stretches into its fourth week, the Trump administration is reinterpre... January 17
    Senate Finance Committee meets to discuss importing foreign drug pricing schemes; White House expands employees classified as “essential” in order to bring more staff to work; Labor market appears to remain strong as Jobless Claims drop unexpectedly; Federal Reserve findings show student debt as barrier for potential home owners.
  • The U.S. economy is taking a larger-than-expected hit from the partial government shutdown, White... January 16
    Estimates indicate that the shutdown would cost the economy 0.13% per week, up from previous figures; Led by Chairman Elijah Cummings, House committee begins an investigation into pharmaceutical drug pricing; Acting EPA Chief Wheeler will face a senate confirmation hearing; Import prices fall for the second consecutive month.
  • U.S. producer prices fell by the most in more than two years in December amid declines in the cos... January 15
    House Judiciary demands information on Trump Organization’s Zero Tolerance Policy; Trump organization considering changes to drone usage regulations; Supreme Court dismisses case against the US Consumer Financial Protection Bureau; US Producer Price Index drops by most since 2016.
  • A Vermont mead brewery has delayed a major expansion because the owners can’t get a busines... January 14
    Hospital price disclosure rule implemented but met with mixed responses; Despite efforts from the Trump organization to prop up the coal industry, more plants continue to shut down; Federal Judge over rules Trump administration’s rule that allows businesses to opt out of providing contraception on the basis of moral or religious beliefs; Government Shutdown begins to have an effect on economy and growth. 
  • The White House is exploring options beyond the appropriations process for the President’s ... January 11
    White House explores alternative funding options for border wall such as diprioritization of disaster relief efforts in Puerto Rico, Texas, California, and Florida; Trump tweets a potential path to citizenship for highly skilled visa holders; High level trade negotiations between US and China to begin Jan 30th; Consumer prices fall by 0.1%
  • As federal workers face the prospect of missed paychecks during the partial government shutdown, ... January 10
    As the partial government shutdown approaches its 14th day, economists estimate a toll of $1.2 billion per week; Senator Sanders and Representative Cummings are set to introduce a new drug pricing bill; Midlevel trade negotiations between US and China continue to suggest promising resolutions;  Jobless claims fall by more than anticipated.
  • U.S. President Donald Trump is still considering a possible declaration of a national emergency i... January 9
    Reports indicate that President Trump is still considering to circumvent legislatures and build a wall through an emergency declaration; House Democrats set the ground work to chip away at the GOP tax law; EPA announces intent to complete a new rule to boost higher ethanol blend gasoline; Midlevel negotiations between US and China wrap up, with some indication of productive discussion; Minutes from the FOMC reveal ambiguity towards the need for rate hikes. 
  • A shock warning from Apple blaming trade tensions with China for a predicted drop in revenue is p... January 8
    In an letter to investors, Apple points to the Trump administration and the ensuing trade war as the cause of company’s underperformance; Federal court reject’s Trump’s drug cuts; California Governor signs executive order effectively placing drug purchasing under the purview of the state; Though job openings decline in November, they still outpace available labor force.
  • Chinese and American trade negotiators began talks Monday in Beijing amid mounting optimism that ... January 7
    US-China trade negotiations are set to begin, with both sides optimistic of a positive resolution; President Trump remains adamant about border wall funding, only potentially compromising on points of composition; As we enter week three of the partial government shutdown, Trump administration attempts to do damage control; Growth in the service sector begins to slow; Housing market sentiments rise with falling mortgage rates. 

WHARTON PPI
RESOURCE SPOTLIGHT:

  • <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>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>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>
  • <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>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>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>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>