National economics correspondent, The Wall Street Journal

Prepare for the Return of Budget Battles, Debt Drama and Other Washington Uncertainty

blogs.wsj.com — For the last 18 months, investors have enjoyed a period of relative calm when it comes to fiscal policy. That could soon change. A budget impasse looms this fall as Republicans and Democrats remain at odds over how to fund the government next year, says Joel Prakken, chairman of economic forecasting firm Macroeconomic Advisers, in a new report.
Jul 30, 2015

RT @Reddy: Returning soon to Washington: budget battles, debt drama and other economic policy uncertainty on.wsj.com/1INWGRQ pic.twitter.com/haimHTvcAe

Jul 30, 2015

RT @Reddy: Returning soon to Washington: budget battles, debt drama and other economic policy uncertainty on.wsj.com/1INWGRQ pic.twitter.com/haimHTvcAe

Jul 30, 2015

Returning soon to Washington: budget battles, debt drama and other economic policy uncertainty on.wsj.com/1INWGRQ pic.twitter.com/haimHTvcAe

Jul 30, 2015

RT @Reddy: Returning soon to Washington: budget battles, debt drama and other economic policy uncertainty on.wsj.com/1INWGRQ pic.twitter.com/haimHTvcAe

Jul 30, 2015

RT @Reddy: Returning soon to Washington: budget battles, debt drama and other economic policy uncertainty on.wsj.com/1INWGRQ pic.twitter.com/haimHTvcAe

Need a License for That Job? The White House Warns States Against Overdoing It

blogs.wsj.com — Economic policy makers at the White House spent much of the last six years putting out fires sparked by the financial crisis and recession. Now, they are turning to seemingly mundane matters that are part of a bigger problem: How to fix American labor markets that have grown less dynamic.
Jul 30, 2015

RT @WSJecon: Need a License for That Job? The White House Warns States Against Overdoing It on.wsj.com/1DRCs1S

Jul 30, 2015

Workers who need a license for their job are much less likely to move across state lines wsj.com/articles/BL-RE… pic.twitter.com/0ZEOyFSxAR

Jul 30, 2015

1 of 4 workers need a license to do their jobs today - was 1 in 50 in 1950s. on.wsj.com/1DbBHWW pic.twitter.com/2Njb4hD9MR

Jul 30, 2015

Need a license for that job? The White House warns states against overdoing it on.wsj.com/1DbBHWW via @WSJecon

Jul 30, 2015

RT @NickTimiraos: Workers who need a license for their job are much less likely to move across state lines wsj.com/articles/BL-RE… pic.twitter.com/0ZEOyFSxAR

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Lew Says No Federal Bailout Being Considered for Puerto Rico

wsj.com — Treasury secretary says Congress should amend bankruptcy law for Puerto Rico Treasury Secretary Jacob Lew said Tuesday the Obama administration isn't contemplating a federal bailout for Puerto Rico as the island territory faces a cash crunch.
Jul 29, 2015

Lew issues most forceful call yet to allow Puerto Rico to use bankruptcy to restructure debt on.wsj.com/1VMhr3X pic.twitter.com/K4oJQsISwM

Small Businesses Bear Burden of Ex-Im Bank Shutdown

wsj.com — As Ex-Im's fate remains up in the air, supporters see outsize impact on the littlest players WASHINGTON-Political opponents have managed to shut the U.S. Export-Import Bank for the most of the summer by arguing it rewards politically connected corporate giants.
Jul 28, 2015

The Ex-Im Bank is likely to stay closed through Labor Day and small businesses are nervous on.wsj.com/1VM4dEe pic.twitter.com/OgV2xFxwDA

Jul 28, 2015

RT @NickTimiraos: The Ex-Im Bank is likely to stay closed through Labor Day and small businesses are nervous on.wsj.com/1VM4dEe pic.twitter.com/OgV2xFxwDA

Jul 29, 2015

The Tea Party's success at killing Export-Import Bank is hurting small businesses the most on.wsj.com/1Ipv4fd

Are Home Prices Again Breaking Records? Not Really

blogs.wsj.com — The National Association of Realtors' monthly home sales report made a big splash last week with news that median home prices in June had broken the record set in 2006 at the peak of the housing bubble, reaching a nominal high of $236,400. Does this mean we have another problem on our hands?
Jul 28, 2015

Home prices are 8% below their nominal 2006 peak, and 21% lower if you adjust for inflation blogs.wsj.com/economics/2015… pic.twitter.com/0ojB3PpHV9

Jul 28, 2015

After adjusting for inflation, existing home prices are actually around 15% below their peak. on.wsj.com/1LPupcC pic.twitter.com/d6uuvYqymZ

Jul 28, 2015

"Median home prices are hitting records." Why that's technically true but also misleading on.wsj.com/1LPupcC pic.twitter.com/5h4vH5mqPh

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Small Business Loan Program Suspends New Lending

wsj.com — SBA won't be able to guarantee new loans until Congress raises borrowing cap The Small Business Administration's flagship loan program suspended new lending after hitting the cap Thursday on its annual financing authority.
Jul 23, 2015

The Small Business Administration's flagship loan program was suspended today and will be dark until Congress acts on.wsj.com/1CT2t6c

Jul 24, 2015

What do small businesses need credit for? | Small Business Loan Program Suspends New Lending on.wsj.com/1g9bf66

Obama Names Sandra Black to Council of Economic Advisers

blogs.wsj.com — President Barack Obama will appoint Sandra Black, professor of economics at the University of Texas at Austin, to join the three-member White House Council of Economic Advisers. Ms. Black has done extensive research on education, inter-generational mobility, and early childhood development, including studies of how racial and socioeconomic backgrounds influence college admissions, and how school starting age, birth weights, and family backgrounds shape long-term education and labor-market outcomes.
Jul 23, 2015

Obama names Sandra Black to Council of Economic Advisers on.wsj.com/1MquUey

Jul 23, 2015

RT @JustinWolfers: The wonderful Sandy Black will be taking over from @CEABetsey as a me,her of the Council of Economic Advisers: wsj.com/articles/BL-RE…

Government Estimates Reaffirm Bleak Outlook for Social Security, Medicare

wsj.com — A disability-insurance program faces imminent depletion WASHINGTON-Government estimates for the long-term solvency of Medicare and Social Security were little changed from one year ago, reflecting general improvement in health-care cost growth and a disability-insurance program that faces imminent depletion. An annual report card Wednesday from the trustees of both programs underscored how the Social Security disability-insurance program is nearly broke.
Jul 22, 2015

Government Estimates Reaffirm Bleak Outlook for Social Security, Medicare on.wsj.com/1CQdaXj via @WSJ

Jul 22, 2015

Government Estimates Reaffirm Uncertain Outlook for Social Security, Medicare on.wsj.com/1CQdaXj via @WSJ

Jul 22, 2015

RT @louiseradnofsky: Government Estimates Reaffirm Uncertain Outlook for Social Security, Medicare on.wsj.com/1CQdaXj via @WSJ

Jul 22, 2015

Trustees report shows Social Security disability trust fund nearly exhausted. wsj.com/articles/socia… pic.twitter.com/rCGPWiDfre

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Stunned Home Buyers Find the Bidding Wars Are Back

wsj.com — A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back. From California to Florida, many buyers are increasingly competing for the same house. Unlike the bidding wars that typified the go-go years and largely reflected surging sales, today's are a result of supply shortages.
Jul 20, 2015

Unlike bidding wars in '12-13, today's market has 2 important differences 1)Fewer investors 2)Far fewer foreclosures on.wsj.com/1OruoLu

Why the White House No Longer Projects a Decline in Debt

blogs.wsj.com — When the White House produced its annual budget last year, it projected a steady decline in the nation's debt as a share of economic output over the coming decade. A set of revisions released Tuesday show that, due largely to slower-than-anticipated economic growth, the debt isn't likely to decline much after all.
More Articles →
Jul 29, 2015

Housing contract activity down 1.8% in June but still running near highest level in years on.wsj.com/1VN2Uoy pic.twitter.com/A36fhsym5n

Jul 29, 2015

The rental vacancy rate is near its lowest level in 30 years, and cost burdens are rising on.wsj.com/1VMhGft pic.twitter.com/w0lYnnYyim

Jul 29, 2015

Novel housing-crisis fix: can't qualify for a mortgage, so rent your home now, buy later on.wsj.com/1LQeGtR pic.twitter.com/HRietDX4Tn

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