National economics correspondent, The Wall Street Journal

Harvard’s Roland Fryer Wins John Bates Clark Medal

blogs.wsj.com — Harvard professor Roland Fryer, an economist who has done pioneering work on the sources and magnitude of racial inequality, won the John Bates Clark medal, which is given to the most promising American economist under 40 years old.

How Working Teens Differ from Other High School Dropouts

blogs.wsj.com — Working youth account for around 30% of 16-to-18 year olds who leave high school early, and they tend to be disproportionately male, Hispanic and first-generation immigrants, according to a new analysis by the Urban Institute . On average, these young workers earn around $9,500 a year.

Who’s Rich Enough to See Social Security Cuts Under Chris Christie’s Plan?

blogs.wsj.com — The wealthiest 5% of retirees could see their Social Security benefits clipped under a proposal advanced by Gov. Chris Christie , according to some preliminary estimates. The New Jersey governor last week unveiled a plan to revamp Social Security designed to put the program on more solid financial footing, including a controversial proposal to scale back benefits for the wealthiest Americans.

Congress Is Tiptoeing Away From Spending Curbs

wsj.com — The Outlook: At first glance, fiscal austerity remains the order of the day in Congress, where GOP leaders are working to complete a budget that would cut $5 trillion in spending over the next decade. Look closer and there are signs the era of spending restraint is easing.

U.S. Budget Deficit Widens, Ending Run of Shrinkage

wsj.com — WASHINGTON-The U.S. budget deficit widened slightly during the first half of the 2015 fiscal year, ending a streak of sustained declines. The Treasury ran a deficit of $439 billion during the first half of the fiscal year, up 6% from a year earlier, the Treasury Department said Monday in its monthly report.

U.S. Budget Deficit Rose 6% in First Half of Fiscal Year

wsj.com — The U.S. budget deficit widened slightly during the first half of the 2015 fiscal year, ending a streak of sustained declines. The Treasury ran a deficit of $439.47 billion during the first half of the fiscal year, up 6% from a year earlier, the Treasury Department said Monday in its monthly report.

Administration Touts Export-Driven Jobs in Quest for Support on Trade

blogs.wsj.com — Some 11.7 million jobs were supported by exports last year, with almost 10% of those jobs coming from Texas, according to a report released by the [wsj-people name="Obama" displayName="Obama, Barack" topicId="4328" onlinesignificance="prominent"] administration on Thursday.The state-by-state look at the benefits of exports was another blast in the administration's concerted campaign this week to build support for their trade agenda as Congress gears up for an important vote on granting President Barack Obama expanded trade promotion authority in coming weeks.

White House Uses Bernanke-Summers Debate To Push Trade Deals

blogs.wsj.com — President Barack Obama 's top economist used the recent debate between heavyweights Larry Summers and Ben Bernanke over why the economy isn't growing faster to push the White House's trade agenda on Wednesday. Last week, Mr. Bernanke challenged the secular stagnation hypothesis put forward by Mr. Summers, which says that the economy faces permanently lower growth because there aren't enough productive investment opportunities in the economy.

The March Jobs Report in 11 Charts

blogs.wsj.com — The U.S. economy added 126,000 jobs in March, ending a streak of 12 straight months of job growth exceeding 200,000. But the jobs report is more than the headline figure, and these charts show how Friday's report from the Labor Department fits into the bigger picture of the economic expansion.

Larry Summers to Ben Bernanke: I Hope You’re Right, But…

blogs.wsj.com — In a blog post Wednesday, Larry Summers responded to Ben Bernanke 's critique of his view that the U.S. economy faces a period of permanently weaker economic growth known as secular stagnation.
More Articles →
Apr 25, 2015

Local man flies off handle because 140 character tweet doesn't cover every nuance of complex issue. More at 11.

Apr 25, 2015

Global wealth has more than doubled to $263 trillion from $117 trillion in 2000 on.wsj.com/1Olg2Qy

Apr 25, 2015

Diet Pepsi is replacing one artificial additive you've heard more about with one you haven't on.wsj.com/1HxIEST pic.twitter.com/BfjvFYXsPK

Apr 25, 2015

@JedKolko i worked two jobs one summer (pacific theaters and robinsons may dept store). Both closed a year or two later. Bad omen.

Apr 25, 2015

How old-fashioned: some US firms are addressing skills shortages by starting training programs on.wsj.com/1Qp0Jov pic.twitter.com/eae8YRFToQ

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