2019-01-06 08:39:00 Sun ET
treasury deficit debt employment inflation interest rate macrofinance fiscal stimulus economic growth fiscal budget public finance treasury bond treasury yield sovereign debt sovereign wealth fund tax cuts government expenditures
President Trump signs an executive order to freeze federal employee pay in early-2019. Federal employees face furlough or work without pay due to the government shutdown. Trump then pours salt into the wound by issuing an executive order that freezes federal pay for around 2 million public employees and contractors in early-2019. In effect, this executive order cancels the 2% pay increase for 2 million non-military federal workers, whereas, the same executive order has no impact on the 2.6% pay increase for military servants and soldiers.
This strategic move expands the prior Trump claim that he *would be proud to shut down the government for better border security*. Specifically, Trump demands $5 billion public finance for the southern border wall. The wall can help improve the domestic quality of health care, education, and many other public services for U.S. residents. So the $5 billion border wall tax becomes essential for overall domestic welfare in America.
On the other side of the same story, however, this executive order serves as a key Trump tactic that tilts Congress toward political compromise. The tense negotiation contributes to the Trump presidential campaign promise of better border security although most Americans blame President Trump for the government shutdown.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-12-13 08:30:00 Thursday ET
The recent arrest of HuaWei senior executive manager may upend the trade truce between America and China. At the request of several U.S. authorities, Canadi
2019-09-13 10:37:00 Friday ET
China allows its renminbi currency to slide below the key psychologically important threshold of 7-yuan per U.S. dollar. A currency dispute between the U.S.
2023-08-31 10:22:00 Thursday ET
Government intervention remains a major influence over global trade, finance, and technology. Nowadays, many governments tend to eschew common ownership
2023-09-28 08:26:00 Thursday ET
Daron Acemoglu and James Robinson show a constant economic tussle between society and the state in the hot pursuit of liberty. Daron Acemoglu and James R
2018-12-18 10:38:00 Tuesday ET
President Trump threatens to shut down the U.S. government in 2019 if Democrats refuse to help approve $5 billion public finance for the southern border wal
2018-06-09 16:40:00 Saturday ET
The Trump administration introduces new tariffs on $50 billion Chinese goods amid the persistent bilateral trade dispute. The tariffs effectively boost cost