National economics correspondent, The Wall Street Journal

Housing Prices Are on a Tear, Thanks to the Fed

wsj.com — The U.S. housing market has broken out of a deep slump, and prices are shooting up faster than anyone thought possible a year ago. For many homeowners, that is a cause for celebration. But the speed at which prices are rising is prompting murmurs of concern that the Federal Reserve's campaign to reduce interest rates could be giving the housing market a sugar high.

House Republicans Vow to Continue Battle Against Immigration Measures

wsj.com — House Republican leaders vowed Sunday to keep trying to block President Barack Obama's immigration measures as they continue to struggle over how to keep funding the Homeland Security Department. Last week's messy one-week extension of the agency's funding exposed deep divides within the Republican Party over how to fight the administration's actions without shutting down parts of the government.

Sanders to Obama: Don’t Wait for Congress on Tax Overhauls

blogs.wsj.com — When it comes to curbing corporate tax breaks, why wait? That's the message Sen. Bernie Sanders of Vermont, an independent who caucuses with the Democrats, delivered in a letter to the White House Friday. He called on the administration to curb six specific tax breaks through executive action that could raise $100 billion over 10 years.

Who is Keith Hall? What the New CBO Director Has Said About The Economy

blogs.wsj.com — Congressional Republican leaders named Keith Hall on Friday as the next director of the Congressional Budget Office, an influential nonpartisan budget scorekeeper. The CBO plays a very important role analyzing congressional proposals and doing so without an ideological bent.

West coast ports are working clear the biggest ship backlog since 2004

U.S. New-Home Sizes Set Record Last Year

blogs.wsj.com — Like waistlines, American homes keep getting bigger. The median size of completed homes last year hit a new record of 2,415 square feet, according to the Commerce Department. Home sizes grew in every year between 1995 and 2007, but they fell during the recession as builders went small to compete with cheap foreclosures.

Hispanics Could Account for 40% of U.S. Job Growth by 2020

blogs.wsj.com — The U.S. Hispanic population will account for 40% of employment growth over the next five years and more than 75% from 2020 to 2034, according to a new study. That's around 11 million jobs out of 14 million new positions across the economy.

Why Do Budget Forecasters Keep Getting It So Wrong?

blogs.wsj.com — Trying to predict how much money the U.S. government is going to collect and spend over 10 years isn't easy. To understand how hard it can be, check out the forecasts for the past decade, most of which have missed by a mile.

What If the Economy Were Awesome, Always and Forever?

blogs.wsj.com — Since the 2007-08 financial crisis, income inequality has widened, labor-force participation has fallen and productivity growth has been abysmal. In its Economic Report of the President , the White House Council of Economic Advisers conducts a little thought experiment to show what might have happened if those forces hadn't stalled the economy.

Obama, in Economic Outlook, Paints Picture of a Tough Slog

wsj.com — The White House has a new tack for dealing with rising deficits: try to boost the workforce and its productivity in the hopes of muddling through the surge of retirees that will strain the social safety net for the next 20 years.
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Mar 05, 2015

Treasury rejects (again) stealth effort to reprivatize Fannie, Freddie absent broader overhaul on.wsj.com/1Nlzv0s pic.twitter.com/5NNw2RhNMg

Mar 05, 2015

RT @mims: Saying you're the next Silicon Valley is like saying you're the next Florence during the Renaissance. Some things are historically unique.

Mar 05, 2015

@RobTVDC could US make dividends/draws tied to annual GAAP instead to fix?

Mar 05, 2015

@RobTVDC only reason draw potential exists, if companies are as profitable as claimed, is quarterly GAAP volatility

Mar 05, 2015

@RobTVDC so far, every decision around the PSPA has been driven by allaying markets (mbs not equity)

Mar 05, 2015

@RobTVDC have you seen bond spreads widen because of capital adequacy concerns? Interest groups worried but what about bond buyers?

Mar 05, 2015

Cheap gas = More grocery $$ on.wsj.com/1Fdkg4l "Costco delivered one of its strongest quarters in recent memory" pic.twitter.com/uPqv46pn5l

Mar 05, 2015

@BioWords @RobTVDC yes, that's the play: betting people will do the exact opposite of what they say they'll do.

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