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Thu, 10 Dec 2009 11:00:00 GMT
Event Information:
- December 10, 2009, 11:00 AM to 12:45 PM
On December 10, the Metropolitan Policy Program at Brookings hosts the fourth Bernard L. Schwartz Forum on U.S. Competitiveness to address the connection between infrastructure investments and economic growth, including the release of a paper discussing the merits and intersections of the capital budget and National Infrastructure Bank concepts. U.S. Transportation Secretary Ray LaHood will outline current federal reform efforts.
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Wed, 18 Nov 2009 00:00:00 GMT
What stands in the way of recovery? On Wednesday, November 18, Alan Berube and Politico Senior Editor David Mark answered questions in a live web chat about how the nation’s large metropolitan areas—including Washington, DC—have fared in the downturn.
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Wed, 18 Nov 2009 12:30:00 GMT
Event Information:
- November 18, 2009, 12:30 PM to 1:30 PM
What stands in the way of recovery? On Wednesday, November 18, Alan Berube and Politico Senior Editor David Mark answered questions in a live web chat about how the nation’s large metropolitan areas—including Washington, DC—have fared in the downturn.
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Tue, 17 Nov 2009 17:35:00 GMT
Through a new competitive grant program called Race to the Top, the U.S. Department of Education is awarding $4 billion of stimulus money to states that demonstrate a commitment to education reform and innovation. Russ Whitehurst says it is a promising program that could promote education reform and elevate the education of thousands of children.
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Mon, 16 Nov 2009 00:00:00 GMT
America continues to grope toward the development of an effective innovation strategy as part of a credible push toward economic reinvention. Mark Muro and Andrew Reamer urge Congress to implement and test an important new strategy - a regional industry clusters program. This program would play a critical role in the nation’s economic recovery and longer-term revitalization at the metropolitan and rural levels ultimately stimulating innovation and job-creation.
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Wed, 21 Oct 2009 13:00:00 GMT
Event Information:
- October 21, 2009, 1:00 PM to 2:30 PM
On October 21, the Initiative on Business and Public Policy explored the government’s role in the struggling auto industry and their future relationship. Steven Rattner, former head of the Obama administration’s Task Force on the Auto Industry, delivered the keynote address.
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Thu, 03 Sep 2009 10:00:00 GMT
Event Information:
- September 03, 2009, 10:00 AM to 11:00 AM
On Day 200 of the American Recovery and Renewal Act, Brookings hosted Vice President Joe Biden. As the chief administration official entrusted with the implementation of the stimulus plan, he offered a working perspective on the program’s accomplishments and challenges.
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Mon, 31 Aug 2009 00:00:00 GMT
Senior Fellow Douglas Elliott talks with Kai Ryssdal about how the Treasury has made close to $4 billion from its bank bailout, and whether it's actual profit.
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Thu, 13 Aug 2009 10:00:00 GMT
Event Information:
- August 13, 2009, 10:00 AM to 11:30 AM
Six months after Congress passed a two-year, $787 billion stimulus plan to revive America’s economy, conflicting numbers fuel arguments of both proponents and critics. A panel of Brookings experts weighed the evidence and discussed whether the money was strategically deployed to invigorate the nation’s economy, to create jobs and to advance school reform.
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Fri, 07 Aug 2009 11:09:13 GMT
President Obama recently signed a law adding $2 billion to the wildly popular "Cash for Clunkers" program that has given automakers a boost after months of declining sales. Barry Bosworth says despite the program’s quick uptake, there are probably better ways to help stimulate the economy.
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Fri, 07 Aug 2009 00:00:00 GMT
Many conservative commentators including, Michael Gerson, disdain President Obama’s stimulus bill and have trumpeted its alleged shortcomings. However, the accuracy of these criticisms is far from self-evident; it will be assessed by analysts in the months and years ahead as the bill’s funds are expended and evidence becomes available on their impact on the micro and macro-economy, writes Thomas Mann.
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Tue, 04 Aug 2009 00:00:00 GMT
Critics of the government’s stimulus policies claim the surge in personal saving shows the stimulus has not been effective. Gary Burtless examines whether this claim is credible, finding that the presumed failure of the stimulus package is based on a very unrealistic benchmark.
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Mon, 03 Aug 2009 12:30:11 GMT
The latest government reports show that the economy contracted at a rate of one-percent last quarter — better than expected. But the new GDP numbers showed that consumers have continued to cut spending, and unemployment is likely to continue to rise for some time. Senior Fellow Alice Rivlin says the news is good, but an end to the recession is not yet at hand.
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Tue, 28 Jul 2009 10:07:41 GMT
“How We're Doing: A Composite Index of Global and National Trends” compares President Obama to the prior five presidents at the six-month point and marks a baseline for future quarterly indexes. It reveals that the public is generally pleased with the new president’s performance. Darrell West, vice president and director of Governance Studies, says that maintaining the trust and confidence of the American people could take some doing.
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Sun, 26 Jul 2009 00:00:00 GMT
Six months into the Obama administration, a Brookings team has launched a composite index that looks back at the prior five presidents at the starting gate and marks a baseline for future quarterly indexes. Since inauguration day, the improvement in the percentage of Americans who think the country is headed in the right direction is nearly as high as after Ronald Reagan’s first half-year in office. Whether Obama can sustain the public trust will depend on how many of these indicators change from quarter to quarter.
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Thu, 23 Jul 2009 00:00:00 GMT
In this framing paper, Mark Muro, Sarah Rahman and Amy Liu highlight the work of some of the most creative recovery act implementers in metropolitan America, noting that their efforts to innovate come against the grain of federal “business-as-usual.”
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Wed, 15 Jul 2009 00:00:00 GMT
As unemployment continues to climb, questions have arisen as to whether the stimulus package is working, how well it was designed and when it will have an impact. Gary Burtless examines its composition, finding that efforts at creating a social safety net and fiscal relief for the states were appropriately targeted and are working.
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Fri, 10 Jul 2009 15:51:11 GMT
Alice Rivlin says the U.S. economy is still struggling even though the climbing unemployment rate is a lagging indicator, but that more spending with a new stimulus package is not the answer.
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Wed, 08 Jul 2009 00:00:00 GMT
The U.S. confronts two major economic challenges: the worst recession since the Depression and a growing imbalance between federal spending and revenues that makes our underlying fiscal policy unsustainable. Policymakers face a delicate balancing act between encouraging economic recovery and establishing fiscal sustainability. William Gale and Alan Auerbach say success will take new ideas, some luck and uncharacteristic honesty and resoluteness — from our leaders and the rest of us.
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Wed, 08 Jul 2009 09:00:00 GMT
Event Information:
- July 08, 2009, 9:00 AM to 11:00 AM
The federal government responded aggressively to the economic crisis with fiscal, financial and monetary interventions. While boosting the economy has to be the top priority in the short run, it would be dangerous to lose focus on medium- and long-term fiscal issues that represent future threats to the economy and the solvency of the federal government. On July 8, Brookings experts and colleagues examined the delicate balancing act between economic recovery and fiscal sustainability.
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Mon, 06 Jul 2009 00:00:00 GMT
It is premature to say that the nearly $890 billion stimulus package is not working, purely based on the latest unemployment data. Martin Baily argues that the Obama administration's stimulus package was a good one, even if slow to hit the ground. The good news is that its main impact is still to come, and it is still needed because the recession is far from over.
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Mon, 06 Jul 2009 00:00:00 GMT
June’s worse-than-expected payroll employment numbers have renewed debate about the success of the Obama administration’s economic stimulus. Do the numbers indicate the administration’s policies are failing? Or do they simply show that the recession is unexpectedly severe and economic forecasting is an inexact science? Gary Burtless analyzes the data.
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Thu, 02 Jul 2009 12:03:27 GMT
Despite continued sluggishness in the economy and the recent upheaval in the auto industry, unemployment claims are down. Senior Fellow Gary Burtless says employers are still shedding jobs but says the stimulus program and the growing need for workers in some expanding industries are critical in the effort to stabilize the economy.
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Fri, 19 Jun 2009 00:00:00 GMT
Andrew Reamer notes that because of the size and complexity of the American Recovery and Reinvestment Act (ARRA), stakeholders find it difficult to fully grasp the large number of report, plan, public access, and other requirements specific to recipients of particular ARRA awards, to agencies managing ARRA award programs, and to federal agencies with policy and oversight responsibilities for ARRA. This paper catalogs the wide array of requirements specified by ARRA for the benefit of the community of stakeholders in transparency and accountability.
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Tue, 16 Jun 2009 16:52:06 GMT
When it comes to the U.S. economy, not all areas of the country are created equal. A new Metropolitan Policy Program report on the health of America’s metropolitan economies reveals that different parts of the country are experiencing the recession in different ways. Alan Berube says the study shows that broad-based recovery efforts are not the only answer to the complexities of the recession.
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Thu, 11 Jun 2009 00:00:00 GMT
While the government has been busy with bailouts, who is going to bail out the U.S. government when our creditors tire of lending to us? And now, thanks to the stimulus, virtually all those over age of 65 are receiving $250 checks, regardless of whether or not they need it. Isabel Sawhill says it’s time for Congress and the administration to get serious about getting our fiscal house in order.
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Mon, 08 Jun 2009 11:14:14 GMT
As the administration continues to wrangle with the floundering economy, Federal Reserve Chairman Ben Bernanke has advised that the growing budget deficits have to be cut. Economic Studies director William Gale agrees saying there needs to be a more comprehensive approach to stabilizing the economy.
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Wed, 13 May 2009 00:00:00 GMT
At the National Neighborhood Indicators Partnership meeting in Minneapolis, MN, Alan Berube outlined strengths and limitations of the American Reinvestment and Recovery Act from a metropolitan perspective.
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Mon, 11 May 2009 09:00:00 GMT
Event Information:
- May 11, 2009, 9:00 AM to 10:30 AM
The Brown Center on Education Policy at Brookings hosted Secretary of Education Arne Duncan for a conversation on the billions of dollars of economic stimulus aid being delivered to states and school districts under the American Recovery and Reinvestment Act of 2009. Secretary Duncan discussed how the stimulus funds can advance the president’s goals for education reform.
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Thu, 02 Apr 2009 00:00:00 GMT
Mark Muro and Jennifer Bradley argue that America’s national economic crisis is primarily a metropolitan crisis. How can we stimulate the economy when there’s no single U.S. economy, nor even 50 state economies? Instead we should concentrate on the loosely linked network of 363 metropolitan economies for the good of the nation.
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Mon, 30 Mar 2009 00:00:00 GMT
America’s national economic crisis is also a metropolitan crisis, because metropolitan areas are the true engines of the national economy. So it matters intensely how well the American Recovery and Reinvestment Act (ARRA) empowers metropolitan leaders to boost prosperity. This paper finds that although ARRA is limited in its support for creative metropolitan-area implementation, it delivers critical investments in what matters to metros and holds out significant opportunity for metropolitan empowerment and problem-solving.
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Thu, 19 Mar 2009 00:00:00 GMT
In this online Q&A, Russ Whitehurst explains how the stimulus funds will make their way to local projects, particularly for school programs.
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Fri, 13 Mar 2009 10:30:00 GMT
Event Information:
- March 13, 2009, 10:30 AM to 11:30 AM
Responding to the historic economic crisis, White House National Economic Council Director Lawrence H. Summers urged the country to “not exchange a painful recession for another unsustainable expansion.” The country should pursue policies that produce durable and sustainable growth, Summers said at a Brookings forum where he discussed the economic crisis and recovery.
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Mon, 09 Mar 2009 13:30:00 GMT
Event Information:
- March 09, 2009, 1:30 PM to 3:00 PM
During its first weeks in office, the Obama Administration has put forth the largest and most comprehensive economic recovery package since the New Deal. Brookings hosted Christina Romer, Chair of the Council of Economic Advisers, for a discussion of the current economic situation and the comprehensive recovery plan.
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Mon, 02 Mar 2009 00:00:00 GMT
Mark Muro explains how President Obama’s first budget makes important gestures toward putting commercial innovation at the center of national economic concern.
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Mon, 02 Mar 2009 00:00:00 GMT
Jennifer Bradley argues that sustainable growth strengthens our existing metropolitan areas, conserves fiscal and natural resources and advances our nation’s efforts to address climate change and find alternative sources of energy. She notes how President Obama's first budget advances some of these goals.
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Fri, 27 Feb 2009 00:00:00 GMT
Robert Puentes discusses how President Obama’s FY 2010 budget marks a shift in transportation policy, especially in mass transit. One proposal to create and fund a National Infrastructure would provide financial assistance to qualified and innovative infrastructure projects—from road and rails to ports and pipes—that matter to the nation as a whole or to a group of multiple states.
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Fri, 27 Feb 2009 00:00:00 GMT
Alan Berube analyzes how President Obama's first budget places hopeful new emphasis on graduating more students from college. Community colleges enroll increasing numbers of students, but for several reasons fail to graduate most of them—particularly those from lower-income backgrounds—through to a degree or certificate.
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Thu, 26 Feb 2009 00:00:00 GMT
For many of the unemployed, the refusal to accept federal aid seems mystifying. What are reasons to take the money — or not? How might the new requirements placed on the states outweigh the immediate benefits of pumping cash into pockets and the local economy? Gary Burtless and other experts discuss these questions in a New York Times op-ed.
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Tue, 17 Feb 2009 00:00:00 GMT
President Obama’s economic recovery package will succeed to the extent it juices metropolitan areas, the true engines of the U.S. economy. Mark Muro and Sarah Rahman argue that, for all the business-as-usual in Washington, the disconnected funding flows of the stimulus will strengthen the cause of regionalism in America.
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Tue, 17 Feb 2009 14:32:20 GMT
As President Obama signs the much anticipated stimulus package into law, William Gale, vice president and director of Economic Studies at Brookings, says the economy will likely respond as anticipated. But, Gale says, one of the critical elements for the nation’s economic solvency is to ensure that there’s an end in sight for this unprecedented spending bill.
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Fri, 13 Feb 2009 00:00:00 GMT
A historic fiscal experiment in this country will evolve in the weeks, months and years ahead as a $790 billion stimulus package is spent to revive America’s economy. Metropolitan Policy Program experts suggest how this money might be strategically deployed to invigorate our nation’s metropolitan areas, the sources of national prosperity.
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Thu, 12 Feb 2009 00:00:00 GMT
The Obama administration won a hard-fought and much needed victory this week as U.S. lawmakers prepare to pass a $789 billion stimulus package to revive the struggling economy. But as Bill Galston cautions, the compromise reached by congressional negotiators—which cut items dear to liberals and the business community, and included less for states than the House and administration wanted—is hardly sufficient to inspire public confidence in government and fix the economy.
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Tue, 10 Feb 2009 00:00:00 GMT
Rebecca M. Blank And Mark H. Greenberg agree that while in the short run, economic need is rising rapidly and we need to address the short-run problems as well as think about the long-term reforms, and that the parts of the recovery plan that are directed to low-income and unemployed families are good economics and good social policy. They say that it would only be the beginning of any serious effort to deal with poverty in America.
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Tue, 10 Feb 2009 08:00:00 GMT
Event Information:
- February 10, 2009, 8:00 AM to 10:00 AM
President Obama's summit on fiscal responsibility is an attempt to focus the nation on the need to rein in spending, tackle our growing deficits, and plan a sound financial future for the nation. A group of budget experts from Brookings, the Heritage Foundation and other public policy think tanks gathered February 10 to discuss options for fiscal responsibility, while acknowledging the need to provide short-term stimulus to a faltering economy.
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Mon, 09 Feb 2009 12:22:55 GMT
In these tough times, the economy needs a stimulus, regardless of the impact on the deficit, says Isabel Sawhill. But prudent action needs to be taken to address runaway entitlement spending and that agenda should reconsider our intergenerational spending priorities.
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Mon, 09 Feb 2009 00:00:00 GMT
The final House-Senate compromise on the economic recovery package offers no boost for HUD’s Neighborhood Stabilization Program, established last year to help state and local governments mitigate the impact of foreclosures. Alan Berube and Alan Mallach argue that additional funds for the program (part of the House proposal omitted in the final bill) would provide much-needed assistance to local communities.
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Thu, 05 Feb 2009 00:00:00 GMT
Just before the House approved its version of the stimulus bill, it was stripped of a controversial provision that would have given states the option to expand a Medicaid-funded program subsidizing family planning services for low-income women. Adam Thomas and Isabel Sawhill agree that the family planning provision was rightly stripped from the package, but argue that it is an important program that has the potential to limit the number of unplanned pregnancies, reduce the incidence of abortion, improve child well-being and actually save money in the long-run.
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Wed, 04 Feb 2009 00:00:00 GMT
The economic recovery plan passed by Congress includes $100 billion for education, with more than $40 billion for local school districts to stave off staff and program cuts and upgrade schools. As Russ Whitehurst warns, the bill may have unintended effects on state spending for education and education reform.
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Tue, 03 Feb 2009 00:00:00 GMT
The final version of the fiscal stimulus plan weakened the "Buy American" provision requiring the use of only U.S. iron and steel in construction work funded by the bill. Nevertheless, business groups continue to criticize the provision. In a new Q&A, Eswar Prasad discusses global concerns.
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Tue, 03 Feb 2009 18:55:46 GMT
As President Obama’s economic stimulus bill works its way through Congress, sagging GDP numbers show that this is not a typical recession says Isabel Sawhill.
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Tue, 03 Feb 2009 00:00:00 GMT
Enrollment in community colleges is surging, driven by a tough economy and increasing skills requirements for gainful employment. Sarah Goldrick-Rab and Alan Berube explain that this environment, as well as longer-term economic growth imperatives, calls for a focused federal commitment to community colleges in order to boost educational attainment.
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Thu, 29 Jan 2009 00:00:00 GMT
The Obama administration seeks to promote three goals through the stimulus package: jump-start an immediate surge in consumer demand and job creation; make a down-payment on longer-term campaign promises; and initiate a new era of bipartisanship. However, writes William Galston, due to the bill's divided focus, its stimulative effects may prove too weak to halt or reverse more than a fraction of the job losses predicted for the next two years.
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Wed, 28 Jan 2009 00:00:00 GMT
The $825 billion economic recovery package developed by President Obama and the Congressional Democrats includes new spending on education, health care, unemployment benefits and a vast array of public works projects to create jobs, with tax cuts making up just under 40 percent of the package. Much of the spending is on existing programs, and intended to speed money out the door. Bill Gale discusses what's missing.
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Tue, 27 Jan 2009 00:00:00 GMT
In congressional testimony, Alice Rivlin discusses the stimulus bill and the next steps required to get the economy back on track. Before the current crisis, she argues, Americans were consuming and borrowing too much, while saving too little. If recovery from this recession is to be solid and sustainable, we must transform ourselves into a society that consumes less, saves more and finances a larger fraction of its investment with domestic saving, rather than foreign borrowing.
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Mon, 26 Jan 2009 00:00:00 GMT
The economic recovery bill includes tax relief for lower-income working families, including temporary, targeted expansions in the Earned Income Tax Credit (EITC). A new Metropolitan Policy Program analysis shows how proposed expansions to the EITC would benefit taxpayers in individual states, metropolitan areas and selected cities around the nation.
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Fri, 23 Jan 2009 00:00:00 GMT
Jason Bordoff argues that U.S. economic performance should be measured by how well economic growth raises the living standards of all Americans. He says that with the right policies and long-term investments we can achieve more broadly-shared prosperity.
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Fri, 16 Jan 2009 00:00:00 GMT
Energy efficiency and conservation should be the cornerstone of President Obama’s economic stimulus program and energy efficiency plan, writes Charles Ebinger. He argues that the Obama administration should pursue measures that insure the middle class and those making $50,000 or less benefit from these types of programs.
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Mon, 12 Jan 2009 10:00:00 GMT
Event Information:
- January 12, 2009, 10:00 AM to 12:00 PM
President-elect Obama is preparing plans for an immediate economic stimulus package. At the same time, his new administration must consider how to make investments that will stabilize and strengthen our economy over the long term. After opening remarks by Pennsylvania Gov. Edward G. Rendell, Bruce Katz and Robert Puentes presented their recommendations on bolstering infrastructure and investing in other economic drivers that can enhance long-term prosperity.
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Thu, 08 Jan 2009 00:00:00 GMT
Although many ideas have been floated for the incoming administration’s stimulus package, Gary Burtless urges that funds to be used for the nation’s worker training system, which can help equip unemployed and underemployed workers find good jobs when the economy begins to recover and can reduce the number of jobless workers who are looking for work.
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Thu, 08 Jan 2009 00:00:00 GMT
President-elect Barack Obama's economic recovery plan may face significant resistance in Congress. Thomas Mann and Norman Ornstein joined Margaret Warner on the NewsHour with Jim Lehrer to discuss the hurdles the Obama proposal will likely encounter as he pushes his agenda on Capitol Hill.
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Tue, 06 Jan 2009 00:00:00 GMT
The incoming administration needs to act quickly to stimulate our ailing economy. Jason Bordoff suggests that one way to stimulate the economy and prevent the collapse of the auto industry, tackle climate change and promote oil independence, is to offer “cash for clunkers”—drivers would be given vouchers toward the purchase of newer, more fuel-efficient vehicles, with the old vehicles scrapped to get them off the road.
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Sun, 28 Dec 2008 00:00:00 GMT
In order for Barack Obama to truly stimulate the nation’s economy through infrastructure spending, Clifford Winston argues that he needs to wring wasteful spending not just out of pork projects, but out of all of his transportation expenditures. Unlike the bailout of the financial system, sound economic guidelines exist to enable investments to generate large social returns.
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Wed, 24 Dec 2008 11:54:50 GMT
Despite the Fed’s historic actions, the economy is still ailing. Barry Bosworth says fiscal policy needs to be the next step: expenditures are important, with tax cuts being the quickest way to stimulate the economy.
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Mon, 22 Dec 2008 00:00:00 GMT
As Congress and the new Administration consider spending billions of dollars to stimulate the economy in these tough economic times, Isabel Sawhill warns them not to forget the nonprofit organizations that help those in need. Sawhill says 10 percent of any stimulus should be invested in "human infrastructure."
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Sun, 21 Dec 2008 00:00:00 GMT
Jeffrey R. Kling and William J. Congdon agree with the Obama stimulus proposal that increasing expenditures and decreasing taxes can stimulate the economy, but that spending on “shovel ready” infrastructure and human capital to diversify the targets of stimulus dollars will expedite the process while keeping waste to a minimum.
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Thu, 11 Dec 2008 00:00:00 GMT
The economy is the number one concern in the minds of main street Americans. The $700 billion bailout package was aimed at rebuilding financial institutions, but it is now up to the new president to restore confidence in consumers and workers.
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Tue, 02 Dec 2008 00:00:00 GMT
It’s official: the U.S. economy is in a recession, according to the National Bureau of Economic Research, the recognized arbiter of the nation’s business cycles. Jeffrey Kling and William Congdon argue that President-elect Obama needs to come up with an economic recovery plan to remedy the impending economic slump, with emphasis on spending on infrastructure maintenance and repair, which can both stimulate the economy and serve valuable public needs.
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Mon, 01 Dec 2008 00:00:00 GMT
Jeffery Kling, Daniel Mitchell, Sharon Parrott, and host Ian Mylchreest discuss on KNPR Nevada Public Radio the Federal Reserve's latest plan to infuse another eight billion dollars in to the economy to help people borrow money for car loans, tuition and new homes and what effect this will have on the nation and the region.
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Tue, 25 Nov 2008 00:00:00 GMT
In an interview on "The Diane Rehm Show," William Gale, Douglas Holtz-Eakin and Joseph Stiglitz discuss some of the elements of an expanded economic package and its overall impact on the U.S. economy.
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Mon, 24 Nov 2008 00:00:00 GMT
Congress has punted to next year the prospects for a stimulus package with an infrastructure investment that could provide more jobs, a stronger transportation network and a better-running economy. Bruce Katz and William Gale say the clock stopped on legislative action, but President-elect Obama is directing his team to come up with an economic recovery plan that addresses critical infrastructure issues while creating more jobs and stimulating the economy.
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Thu, 13 Nov 2008 00:00:00 GMT
In this opinion piece published in the New Republic, Robert Puentes argues that President-elect Obama has a tremendous opportunity to connect infrastructure spending to broad national goals (such as economic competitiveness and environmental sustaianability). In this way the federal stimulus dollars can accelerate the right kind of projects in the right places, creating jobs and waking up related areas of the economy.
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Fri, 07 Nov 2008 17:07:14 GMT
President-elect Obama held his first press conference today, focusing on the economy. Kling commented on Obama’s address saying the nation needs two rounds of stimulus to kick-start the economy—the first to stem recent job losses and help homeowners, and then to focus on longer-term growth.
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Tue, 21 Oct 2008 00:00:00 GMT
Martin Baily recommends an immediate stimulus package of $200 billion, with preparation of an additional $100 billion to be triggered if unemployment goes over 7.5 percent to prevent the U.S. economy from trending further into the danger zone.
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Mon, 20 Oct 2008 00:00:00 GMT
In testimony before the House Budget Committee, Martin Baily says we need a second fiscal stimulus package to avoid a deep recession. He advocates for an immediate infusion of $200 billion, with a second $100 billion released if unemployment hits 7.5 percent. The package should include help for homeowners, tax rebates for families and aid to states and localities.
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Mon, 20 Oct 2008 00:00:00 GMT
Wall Street saw a boost Monday as Fed Chairman Ben Bernanke told Congress that a second stimulus bill might help the economy. Martin Baily and William Beach examine the prospects for a new stimulus plan.
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Wed, 01 Oct 2008 10:00:00 GMT
Event Information:
- October 01, 2008, 10:00 AM to 12:00 PM
Days of uncertainty on Capitol Hill finished with an economic rescue package, quickly signed by the president. Brookings economic, budget and congressional experts gathered mid-week to discuss the $700 billion question. Alice Rivlin said the bailout package will be successful if it gets credit flowing again. Others expressed concerns about whether the oversight in the legislation would be effective.
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Tue, 26 Feb 2008 00:00:00 GMT
Alice M. Rivlin testified before Congress on the current economic situation and what policy makers can do to curb a possible future recession. "The Federal Reserve has used the tools in its limited arsenal aggressively and imaginatively and clearly indicated its intention do more if necessary," she said.
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Tue, 05 Feb 2008 00:00:00 GMT
Isabel Sawhill argues that the fiscal stimulus package is a good idea, but is merely a stopgap that will do little to change the fundamental problems. She says that Congress should not lose sight of how the economy got to where it is and what is needed to prevent such vulnerabilities in the future.
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Fri, 01 Feb 2008 00:00:00 GMT
Will the economy get a much-needed boost from a stilmulus package? In a week long Los Angeles Times 'Dust Up' series, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package.
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Thu, 31 Jan 2008 00:00:00 GMT
Will the economy get a much-needed boost from a stilmulus package? In a week long Los Angeles Times 'Dust Up' series, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package.
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Wed, 30 Jan 2008 00:00:00 GMT
Will the economy get a much-needed boost from a stilmulus package? In a week long Los Angeles Times 'Dust Up' series, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package.
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Tue, 29 Jan 2008 00:00:00 GMT
A stimulus package, especially with major add-ons, could exacerbate the already ominous long-run deficit picture. Alice M. Rivlin testifies that the deficit increase associated with the stimulus represents a risk worth taking in order to reduce the chances of recession.
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Mon, 28 Jan 2008 00:00:00 GMT
Will the economy be stimulated by the House/White House stimulus package? In a week long series, The Hamilton Project director, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package.
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Sat, 26 Jan 2008 00:00:00 GMT
With a weakening economy, most agree that any well-designed stimulus should be timely, temporary and targeted. Douglas W. Elmendorf and Jason Furman advocate that the "three T" principles are critical to ensure that any benefits do not come at the expense of serious long-run harm.
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Thu, 24 Jan 2008 00:00:00 GMT
In a testimony before the U.S. Senate Committee on Finance, Jason Furman discusses a timely, temporary and targeted fiscal stimulus as a well-designed solution in stabilizing the economy.
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Fri, 18 Jan 2008 12:03:44 GMT
Both the White House and Capitol Hill are laying out strategies to stimulate the nation’s economy. Hamilton Project Director Jason Furman assesses President Bush’s proposal for tax rebates and business tax cuts.
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Thu, 10 Jan 2008 00:00:00 GMT
Congressional leaders are now discussing the shape of an economic stimulus bill, while President Bush prepares to unveil his own plan. In a new Hamilton Project paper, Jason Furman and Doug Elmendorf explain why tax or spending changes that are timely, targeted and temporary may be a useful complement to further monetary stimulus because they can boost economic activity more quickly.
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Thu, 10 Jan 2008 10:00:00 GMT
Event Information:
- January 10, 2008, 10:00 AM to 12:00 PM
The Hamilton Project convened a roundtable of experts to discuss what economists know about fiscal stimulus – if it is appropriate, when should it be implemented, and how should it be done. Former Treasury Secretary Robert E. Rubin was joined by Harvard University Professor Martin Feldstein, Brookings Senior Fellow Alice Rivlin, Brookings Senior Fellow Douglas W. Elmendorf, and Hamilton Project Director Jason Furman for this important policy discussion.
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Thu, 03 Jan 2008 00:00:00 GMT
America’s bridges, roads, rails and web of channel communications form the connective tissue that we call infrastructure. When these underpinnings start to crumble, so does the economic competitiveness of the nation. The third Bernard L. Schwartz Forum on Competitiveness explored the challenges and opportunities for new infrastructure investment.
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Tue, 21 Jan 2003 00:00:00 GMT
Testimony by Peter R. Orszag, Senior Fellow, the Brookings, Institution, January 21, 2003