Economics Roundtable
Graph-of-the-Year Candidates
Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?
Brad DeLong favors the U.S. gdp gap.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
Remember M1?
Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?
Click on the chart for a larger version.
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Budget Blog
"real-time analysis and commentary on the federal budget”
A project of the Center for American Progress
OMB released updated budget projections yesterday. The 2007 deficit was revised down to $205 billion from a previously estimated $244 billion, but the deficit in 2008 is set to increase to over $250 billion.
Stan Collender on Bush’s budget process complaint…
BUDGET BATTLES: Chutzpah, Y’All (07/10/2007) - sub req
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In his weekly radio address this past Saturday, the president criticized Congress for not being on schedule with the FY08 appropriations. He also said that Congress was unlikely to send him any appropriations for the ...
2007 TNT 132-1 - News Stories (Copyright, 2007, Tax Analysts)
The Office of Management and Budget is also due to release its midsession review July 11
Statement of Senate Budget Committee Chairman Kent Conrad…
“The Senate Budget Committee will hold a hearing next Thursday on the President’s nomination of Jim Nussle to be Director of the Office of Management and Budget. This hearing will provide Mr. Nussle with an opportunity to address Members ...
Just released today…
The Ways and Means Committee today passed H.R. 3056, the Tax Collection Responsibility Act of 2007, to repeal the use of private debt collection companies to collect Federal income taxes, delay the application of an onerous three percent withholding requirement on businesses, and ...
From today’s Washington Post…
Bush Wants $50 Billion More for Iraq War - washingtonpost.com
President Bush plans to ask Congress next month for up to $50 billion in additional funding for the war in Iraq, a White House official said yesterday, a move that appears to reflect increasing administration confidence that it can ...
A new column by Scott Lilly of the Center for American Progress…
Breakfast at the White House
Congressional leaders will start the month of August with a breakfast meeting with President Bush and his top advisors. The meeting is a response to a joint request by House Speaker Nancy Pelosi ...
A new column from CAP senior fellow Scott Lilly…
The Case Against Nussle’s Confirmation
When the Senate returns from the August break next week they are expected to take up the confirmation of former Congressman Jim Nussle as Director of the Office of Management. Many students of American government argue ...
New column by CAP Senior Fellow Scott Lilly…
Engineering a Train Wreck
An old Yiddish folktale describes a young man who murders both of his parents and when brought to trial throws himself on the mercy of the court because he was an orphan. The story is intended to explain ...
CAP Senior Fellow Ruy Teixeira on public opinion of the budget…
Public Opinion Snapshot: Which Side Are You On? The Battle of the Budget
Congress is in the middle of a battle over the budget. On one side are those who want the budget to include higher appropriations for programs ...