Director, Hutchins Center on Fiscal & Monetary Policy, Brookings institution. Contributing correspondent, The Wall Street Journal

In Obama’s Budget, a Suggestion More Multinational Corporate Profits Are Escaping U.S. Taxes

blogs.wsj.com — David Wessel is director of the Brookings Institution's Hutchins Center on Fiscal & Monetary Policy and a contributing correspondent to The Wall Street Journal. He is on Twitter: @davidmwessel. If you look closely at the numbers in the Obama budget proposal, you find that Treasury economists figure that U.S.
Feb 11, 2016

RT @davidmwessel: In Obama budget fine print, Treasury says even more profits overseas escape US taxes than it thgt last year on.wsj.com/23ZyjZb

How the Fed and Congress Could Boost Confidence

blogs.wsj.com — David Wessel is director of the Brookings Institution's Hutchins Center on Fiscal & Monetary Policy and a contributing correspondent to The Wall Street Journal. He is on Twitter: @davidmwessel . The U.S., like nearly all other major capitalist democracies, has decided that its economy is better off with a central bank that can adjust interest rates without a lot of political interference.
Feb 10, 2016

As #Fed chair Yellen heads to Capitol Hill today, @davidmwessel ponders how the Fed could be made more accountable: ow.ly/Ya28b

8 Ways to Improve Fed Accountability

In Obama's budget, a case study on finding and closing tax loopholes

brookings.edu — Sometimes it's hard to tell the difference between a justified tax break and a tax loophole. (One rule of thumb: If it benefits you, it's a well-justified tax break.) Sometimes, though, it's not hard to tell the difference. Take the loophole that the Obama administration is targeting in its new budget.
Feb 09, 2016

RT @davidmwessel: I found something interesting in the tax section of the Obama budget. brook.gs/1PMsvMx

In Obama’s Budget, a Case Study on Finding and Closing Tax Loopholes

blogs.wsj.com — David Wessel is director of the Brookings Institution's Hutchins Center on Fiscal & Monetary Policy and a contributing correspondent to The Wall Street Journal. He is on Twitter: @davidmwessel . Sometimes it's hard to tell the difference between a justified tax break and a tax loophole.
Feb 09, 2016

Read @davidmwessel on the administration's proposed tax increase on dentists and hedge funds. on.wsj.com/1QTp4Td via @WSJ

Feb 09, 2016

RT @RichardRubinDC: @davidmwessel Why Obama's budget would increase taxes for hedge funds and dentists. on.wsj.com/1QTp4Td via @WSJ

Eight Ways to Improve the Fed's Accountability

bloombergview.com — This week, Congress will exercise one of its most important responsibilities: Holding the Federal Reserve accountable for its management of the economy by questioning Fed Chair Janet Yellen. It's a process that could be a lot more useful, both for the central bank and for the public. The U.S.
Feb 09, 2016

RT @davidmwessel: Don Kohn and I offer eight ways that Congress and the Fed can improve the Fed's accountability bv.ms/1Q6PtQq via @BV

Feb 09, 2016

Eight ways to improve the Fed's accountability bv.ms/1Q6PtQq via @BV

A Shifting Picture of U.S. Debt-and an Opening for Updated Policy

blogs.wsj.com — David Wessel is director of the Brookings Institution's Hutchins Center on Fiscal & Monetary Policy and a contributing correspondent to The Wall Street Journal. He is on Twitter: @davidmwessel . Much debate about the federal debt is impervious to changing circumstances. Some folks took a stance a decade ago and have been repeating the same argument ever since.
Feb 03, 2016

RT @davidmwessel: Doug Elmendorf/Louise Sheiner: If rates are low for a long time, what does this mean for budget policy? My take. on.wsj.com/1SYfIZn

Feb 03, 2016

.@davidmwessel and I agree: Doug Elmendorf and Louise Sheiner's new debt study is vital reading. blogs.wsj.com/washwire/2016/…

Feb 03, 2016

RT @greg_ip: .@davidmwessel and I agree: Doug Elmendorf and Louise Sheiner's new debt study is vital reading. blogs.wsj.com/washwire/2016/…

Hutchins' Fiscal Impact Measure shows sluggish government spending contributed to weak fourth quarter GDP growth

brookings.edu — The Fiscal Impact Measure, which tracks the contribution of local, state and federal fiscal policy to economic growth, came in slightly above zero in the fourth quarter of 2015, according to the latest update released Friday, January 29th, 2016 by the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.
Jan 29, 2016

RT @davidmwessel: Our updated Hutchins' Fiscal Impact Measure shows how govt contributed to weak Q4 GDP growth. brookings.edu/blogs/up-front…

Jan 29, 2016

.@BrookingsInst report finds that declines in state/local spending contributed to weakness in Q4 GDP brook.gs/1P27z07

LIVE WEBCAST - Beyond bitcoin: The future of blockchain and disruptive financial technologies

brookings.edu — Bitcoin, the digital currency, has attracted both attention and controversy. But the most potent innovation is not the currency itself. Rather, it's the technology that undergirds bitcoin, the distributed-ledger technology known as the blockchain that allows payments to flow through an economy in an entirely decentralized way-without banks or other intermediaries.

In ‘The Rise and Fall of American Growth,’ a 2016 challenge

brookings.edu — In his new book, "The Rise and Fall of American Growth: The U.S. Standard of Living Since the Civil War," Northwestern University economist Bob Gordon argues that the century between 1870 and 1970 was exceptionally good for U.S. households (particularly 1920 to 1950) but that the years since 1970 have been disappointing and the future looks disappointing too.
Jan 13, 2016

Review ‘The Rise and Fall of American Growth,’ which says property tax school financing, zoning hurting US brook.gs/1Q5zDUD

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