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

What happens when the Fed raises rates?

brookings.edu — The Federal Reserve, which has been holding interest rates near zero since late 2008, is poised to raise them sometime this year, perhaps in September, perhaps in December. What happens when the Fed finally makes its move-to the U.S. economy, to bond and stock markets, to the rest of the world?
Aug 09, 2015

RT @BrookingsEcon: What happens when the Fed raises rates? Find out as @davidmwessel moderates our latest event: brook.gs/1SZFAVS

What the ‘Cadillac Tax’ Accomplishes-and What Could Be Lost in Repeal

blogs.wsj.com — When an employer pays a worker in cash, the worker has to pay income and payroll taxes on the money. When an employer provides or subsidizes health insurance, the worker doesn't pay taxes on the benefit. This practice, which dates to World War II-era wage-and-price controls, encourages employers to offer more generous health insurance plans as opposed to paying higher wages.

What the ‘Cadillac Tax’ accomplishes-and what could be lost in repeal

brookings.edu — Beginning Jan. 1, 2018, the law levies a hefty excise tax on health insurance plans worth more than $27,500 per family or $10,200 per individual. This has been dubbed the “Cadillac tax.” Take a look at ehat the ‘Cadillac Tax’ accomplishes, and what could be lost in repeal.
Jul 25, 2015

What the ‘Cadillac Tax’ accomplishes–and what could be lost in repeal | Brookings Institution brook.gs/1Osm2mn by @davidmwessel

Lots riding on Ed Dept standard for student-loan forgiveness

brookings.edu — The U.S. Department of Education is opening what could be a very large (and, for taxpayers, expensive) door to debt relief. As the department ponders its standard for forgiving loans, potentially tens of thousands of borrowers could seek relief from repaying tens of billions of dollars in debt.
Jun 26, 2015

Wow: "Students at 28 for-profit colleges under investigation have borrowed more than $57 billion between 2009-2015" brook.gs/1SQgG7w

Jun 26, 2015

RT @DaniDougPost: Wow: "Students at 28 for-profit colleges under investigation have borrowed more than $57 billion between 2009-2015" brook.gs/1SQgG7w

How to find out what graduates of that cosmetology program actually make

brookings.edu — For a prospective student considering a job-training program, one question that can be hard to answer accurately is: What am I likely to earn if I finish the program? Even if a school wanted to provide an accurate answer, the best it can do is survey graduates and hope for enough honest answers to give a reliable reply.
Jun 25, 2015

RT @EduBenM: We should not offer student loans for cosmetology programs: ow.ly/OMXe1

Jun 27, 2015

How to find out what graduates of that cosmetology program actually make brook.gs/1ST5wPn

High Stakes and a Potential Standoff Over Student-Loan Debt Relief

blogs.wsj.com — The U.S. Department of Education is opening what could be a very large (and, for taxpayers, expensive) door to debt relief. As the department ponders its standard for forgiving loans, potentially tens of thousands of borrowers could seek relief from repaying tens of billions of dollars in debt.
Jun 18, 2015

Government examining at least 28 colleges for misleading students, perhaps presaging big student loan relief. on.wsj.com/1ImElFj

Jun 18, 2015

High stakes in Education Dept student-loan debt relief plans. @DavidMWessel explains: on.wsj.com/1ImElFj via @WSJPolitics

Alexander Hamilton Is Man of the Hour At Treasury Again

wsj.com — Secretaries Snow and Rubin Are Both Laying Claim To Predecessor's Blessing WASHINGTON - No one has yet proposed a duel. But Treasury Secretary John Snow and a predecessor of his from the Clinton years, Robert Rubin, are fighting over who has the best claim on the legacy of Alexander Hamilton.
Jun 17, 2015

LOL Alexander Hamilton Is Man of the Hour At Treasury Again (WSJ, 2006) wsj.com/articles/SB114…

Which states’ tax laws widen inequality?

brookings.edu — David Wessel discusses new research from Daniel Cooper of the Federal Reserve Bank of Boston and Byron Lutz and Michael Palumbo of the Federal Reserve Board in Washington that was presented at a recent National Tax Association conference. Their research finds that, on average, state taxes increase income inequality.

IMF Economists’ Surprising Advice on Federal Debt: Don’t Worry About It

blogs.wsj.com — We've come a long way from the days when the International Monetary Fund so often advised governments to cut their budget deficits that some joked that IMF stood for It's Mostly Fiscal. A new working paper from three IMF economists underscores just how much things have changed.
Jun 02, 2015

RT @WSJThinkTank: IMF economists' surprising take on federal debt: Don't worry about it. @davidmwessel explains: on.wsj.com/1ALefhM pic.twitter.com/hcOCYXib9L

Jun 02, 2015

RT @IanTalley: IMF economists’ surprising advice on federal debt: Don’t worry about it: on.wsj.com/1ALefhM pic.twitter.com/dUbY5e5v3W

Jun 02, 2015

RT @davidmwessel: IMF economists have some surprising advice to US: Don't worry so much about the federal debt. My take: on.wsj.com/1ALefhM

Show 2 more tweets from William Mauldin, Ted Nesi

Can we have more equality and more economic growth, too?

brookings.edu — David Wessel announces the reissuance of Arthur Okun's 1974 book, Equality and Efficiency: The Big Trade Off, which looks at if there are policies that can reduce the widening gap between winners and losers in the U.S. economy and not reduce the pace of economic growth.
May 22, 2015

Can we have more equality and more economic growth, too? brook.gs/1JGAG9F

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