2019-01-19 12:38:00 Sat 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
U.S. government shuts down again because House Democrats refuse to spend $5 billion on the border wall that would give President Trump great victory on his best-known policy. No other OECD democracy has such abrupt government shutdowns. Should the current U.S. government shutdown be about policy differences, House Democrats would try to achieve a compromise deal with the Trump administration.
Nevertheless, this congressional standoff is about presidential authority. President Trump must win this fight; otherwise, he would allow House Democrats to constrain his presidential power. A key concern is that President Trump may use his national emergency power to build the southern border wall. In this worse-case scenario, the eventual degradation of good government may continue.
In reality, the current U.S. government shutdown happens not because America is in turmoil: the country is not at war; the economy operates near full employment; and even Fed Chair Jerome Powell praises the robust economic outlook with low inflation and high productivity growth. The current government shutdown happens because President Trump needs to fulfill one of the most controversial campaign promises that his fervent followers favor. When the U.S. government reopens, both Congress and the Trump administration can revisit the comprehensive issues of border security and immigration reform without having to inflict financial pain on public employees in the specific form of furlough or work without pay.
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.
2018-10-09 08:40:00 Tuesday ET

The International Monetary Fund (IMF) appoints Harvard professor Gita Gopinath as its chief economist. Gopinath follows her PhD advisor and trailblazer Kenn
2023-06-21 12:32:00 Wednesday ET

Michael Sandel analyzes what money cannot buy in stark contrast to the free market ideology of capitalism. Michael Sandel (2013) What money
2017-08-25 13:36:00 Friday ET

The U.S. Treasury's June 2017 grand proposal for financial deregulation aims to remove several aspects of the Dodd-Frank Act 2010 such as annual macro s
2021-11-22 11:29:00 Monday ET

U.S. judiciary subcommittee delves into the market dominance of online platforms in terms of the antitrust, commercial, and administrative law in America.
2020-10-06 09:31:00 Tuesday ET

Strategic managers envision lofty purposes to enjoy incremental consistent progress over time. Allison Rimm (2015) The joy of strategy: a bu
2019-01-15 13:35:00 Tuesday ET

Americans continue to keep their financial New Year resolutions. First, Americans should save more money. Everyone needs a budget to ensure that key paychec