With the Sword of Damocles dangling overhead, Republicans prevented a massive tax hike and advanced important reforms - but left much more work to be done.
Finance
Fiscal responsibility is the cornerstone of sound government. Without it, we’re putting our future at grave risk of insolvency, including programs low-income people rely on, such as Social Security and safety net programs. It increasingly puts the present at risk, too.
As our nation’s debt and deficit soar, the current policy solution for many is to spend our way out of it. FREOPP couldn’t disagree more. This method has harmed Americans with rampant inflation, unpredictable markets, and stagnant economic growth.
If America hopes to maintain its position atop the global economy, we must get our spending under control. Otherwise, it’ll be increasingly difficult to provide pathways for lower- and middle-income Americans to rise.
All Finance
FREOPP continues to inform discussions about how policy changes affect American families
The reform boosted investment, but its effect on wages is murkier.
The labor market showed surprising resilience with employment growth spread across healthcare, transportation and warehousing financial activities and social assistance
Targeting financial conditions gives the Fed another tool to soften volatility in financial markets
If the U.S. endures a fiscal collapse in the 2040s, bitcoin could emerge as an alternative to the dollar. How should the government—and Americans—respond?
The labor market showed a surprising uptick in hiring this month
Inflation inequality remains stubbornly high between the top and bottom of the income distribution