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Posts on Economy
September 23, 2019

The economy is in the 124th month of the longest expansion on record, and while expansions don’t die from old age alone, fears are rising that a recession may be on the horizon. Recessions can hurt workers and their families in many ways, so policymakers should try to make them as short and shallow as possible. That means temporarily shelving longer-term deficit concerns and enacting anti-...

Wall Street
June 6, 2019

June 2019 is the 120th month since the Great Recession ended in June of 2009, tying this expansion for the longest on record with the expansion of 1991 to 2001 (see chart). This expansion will become the longest on record next month — barring an extremely unlikely collapse in economic activity that would prompt the National Bureau of Economic Research, the...

In Focus: Current Economic Expansion Tied for Longest on Record
March 14, 2018

Senate Democrats’ new Jobs & Infrastructure Plan for America’s Workers would invest roughly $1 trillion in public transit, roads, schools, water treatment plants, housing, and other critical infrastructure to create better-paid jobs, boost broadly shared economic growth...

Man Building House
February 15, 2018

President Trump’s infrastructure plan is a disappointment to states and localities looking for significant help from the federal government to address the country’s crumbling infrastructure. As my colleague Jacob Leibenluft explained, the plan is a mirage that would cut federal support for infrastructure...

Transportation dock
January 17, 2018

There’s a widespread misunderstanding about when President Trump’s withdrawal of DACA status for young immigrants will put them at risk of deportation. Even some key policymakers assume that nothing bad will happen until March 5, and, thus, there’s no pressing need for policymakers to act before then. But that’s not the case, and policymakers should act expeditiously to protect these...

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September 27, 2017

Since announcing that it would end the Deferred Action for Childhood Arrivals (DACA) program, the Administration has taken contradictory positions: It has claimed without evidence that DACA’s reprieve from deportation for young undocumented immigrants who were brought here as children harms the job prospects of native born Americans, but it also has pressed Congress to enact a DACA-like...

Capitol Dome
August 30, 2017

As Labor Day approaches, my CBPP colleagues Jared Bernstein and Ben Spielberg detail in the Washington Post how — notwithstanding his pro-worker rhetoric — President Trump is pursuing an agenda that at nearly every turn would undercut...

Man Working on Bicycle
June 15, 2017

The White House has deemed this "workforce development week," but President Trump's budget would drastically cut many job training and education programs and would fail to create new job opportunities, CBPP Senior Fellow Jared Bernstein...

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February 8, 2017

President Trump has directed the Labor Department to review an Obama Administration rule requiring financial advisers to put their clients’ interests first. The directive will likely delay, and possibly derail, this...

Wall Street
November 11, 2016

The number of states in which marijuana is now legal more than doubled this week as Maine, Massachusetts, Nevada, and California approved ballot measures.  As marijuana sales emerge from the shadows, their modest revenues may make it a bit easier for states to fulfill voter expectations for high-quality schools and other public investments.

Marijuana legalization ballot initiatives...

CA State House

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