National economics correspondent, The Wall Street Journal

Oil-Price Plunge Could Push Down Home Prices in Three States

blogs.wsj.com — The plunge in oil prices increasingly looks like it is here to stay, and that could be bad news for home values in three states that are most exposed to job losses in the drilling fields.

CBO Cuts U.S. 2015 GDP Forecast to 2% from 2.9%

wsj.com — Nonpartisan agency also says federal budget deficit for year that ends Sept. 30 will be $60 billion lower than March forecast WASHINGTON-Federal budget analysts dropped their estimates for U.S. economic growth after another disappointing first quarter, extending a string of downward revisions to initial forecasts that have been a hallmark of the current expansion.
Aug 25, 2015

CBO: Deficit will be $60B lower this year than forecast (2.4% of GDP vs 2.8% last year) on.wsj.com/1Ictflw pic.twitter.com/HliBjdSUiM

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Risks Grow for Slow but Steady U.S. Expansion

wsj.com — The U.S. has been the tortoise in a global race for economic growth, plodding out a slow but steady expansion while China signals exhaustion and the rest of the world wobbles. Now, market turmoil and China's troubles threaten to undermine the already unspectacular U.S. outlook. Few economists see a U.S.
Aug 24, 2015

RT @WSJ: Market turmoil, China’s troubles threaten to undermine the already unspectacular U.S. outlook. on.wsj.com/1MJnz94 pic.twitter.com/mjZleVBlVY

Aug 24, 2015

The US expansion hasn't been great--but at least it was steady. Market turmoil threatens to undermine that. on.wsj.com/1hDdbEt via @WSJ

Aug 24, 2015

RT @TimAeppel: The US expansion hasn't been great--but at least it was steady. Market turmoil threatens to undermine that. on.wsj.com/1hDdbEt via @WSJ

Aug 24, 2015

RT @WSJ: Market turmoil, China’s troubles threaten to undermine the already unspectacular U.S. outlook. on.wsj.com/1MJnz94 pic.twitter.com/mjZleVBlVY

Aug 24, 2015

Market turmoil and China’s troubles are threatening to undermine the already unspectacular U.S. outlook on.wsj.com/1hDdbEt

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Existing-Home Sales Plunged in July

wsj.com — U.S. home sales plummeted in July to a level not seen in more than a decade, spurring fears of renewed weakness in housing prices and the broader economy. Sales of previously owned homes fell 27.2% from June to a seasonally adjusted annual rate of 3.83 million, the National Association of Realtors said Tuesday, the lowest level since the industry group started its tally in 1999.
Aug 21, 2015

Almost 5 years to the day: Existing home sales -27% to 3.8 million Dow briefly below 10,000 10-year down to 2.47% wsj.com/articles/SB100…

U.S. Lacks Ammo for Next Economic Crisis

wsj.com — As the U.S. economic expansion ages and clouds gather overseas, policy makers worry about recession. Their concern isn't that a downturn is imminent but whether they will have firepower to fight back when one does arrive. Money has been Washington's primary weapon in the decades since British economist John Maynard Keynes proposed aggressive government spending to battle the Great Depression.
Aug 18, 2015

RT @NickTimiraos: Policy makers' new worry: What tools do they have when the next recession hits? on.wsj.com/1JduNwx pic.twitter.com/OdJvdgYIag

Aug 18, 2015

RT @Reddy: Bracing for the next recession, “policy makers are thinking about their backup, backup plans.” on.wsj.com/1Jdv3M1 pic.twitter.com/PvPjwvMizR

Aug 18, 2015

“The world economy is like an ocean liner without lifeboats." Good Hilsenrath / @NickTimiraos joint on.wsj.com/1NqWzMe

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Donald Trump Says He Would Deport Illegal Immigrants

wsj.com — Made statement in interview that aired on NBC's 'Meet the Press' on Sunday Donald Trump would scrap the Obama administration's executive orders on immigration and deport millions of illegal immigrants if elected president, he said in an interview that aired Sunday on NBC's "Meet the Press." Mr. Trump said the U.S.
Aug 17, 2015

Is The Donald's immigration policy paper the beginning of a real debate about Trumpism? on.wsj.com/1NyVZtu via @heatherhaddon

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U.S. Officials Invoke Threat to Dollar in Pitching Iran Deal

wsj.com — Obama, Kerry warn rejecting nuclear deal would lead to financial complications WASHINGTON-U.S. officials rarely muse publicly about threats to the dollar's elite global status. But the Obama administration is invoking that concern in a novel way in urging Congress not to block its nuclear agreement with Iran.
Aug 14, 2015

U.S. Officials Invoke Threat to Dollar in Pitching Iran Deal fb.me/7qmRjMEYN

Aug 13, 2015

Obama, Kerry invoke threat to dollar's elite status in pitching Iran deal on.wsj.com/1TvEmlB

Aug 13, 2015

RT @NickTimiraos: Obama, Kerry invoke threat to dollar's elite status in pitching Iran deal on.wsj.com/1TvEmlB

Aug 13, 2015

The Obama administration wants you to know the U.S. dollar’s elite global status could be in jeopardy. on.wsj.com/1h63Apt

U.S. Annual Budget Deficit Rose in July

wsj.com — WASHINGTON-The U.S. budget deficit rose in July but stood around 9% below its year-earlier level, the Treasury Department said on Wednesday. The budget outlook has improved this year as economic growth has boosted revenues, but outlays were significantly higher in July from a year earlier, in part due to calendar timing differences.

The July Jobs Report in 12 Charts

blogs.wsj.com — The U.S. economy added 215,000 jobs in July, continuing a steady expansion. Friday's report from the Labor Department showed few changes from the prior month on a range of measures, including the unemployment rate, at 5.3%, and the labor-force participation rate. The economy has added around 2.9 million jobs over the past 12 months.
Aug 15, 2015

RT @WSJThinkTank: July jobless rate in education: College degree: 2.6% High school: 5.5% No h.s. diploma: 8.3% on.wsj.com/1Ma9m4z pic.twitter.com/1A3pd12VJI

Aug 07, 2015

July jobless rate by education: B.A. or more 2.6% High school grads 5.5% No H.S. diploma: 8.3% on.wsj.com/1SZmpvc pic.twitter.com/qLLa50UUpu

Aug 07, 2015

77% of prime-age workers have jobs -- still off 5 percentage points from the year 2000 on.wsj.com/1JQQ3gx pic.twitter.com/IhhlIIJK3z

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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

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More Articles →
Aug 27, 2015

Obama invokes global growth jitters to push for less austerity (and also uses uses the cringe-worthy word 'amidst') twitter.com/POTUS/status/6…

Aug 27, 2015

@cate_long 60 Plus. Same group that lobbied on behalf of GSE shareholders last year. Hedge funds know how to rent advocacy in DC.

Aug 27, 2015

This is an interesting counterpoint to those worried about a property debt bubble in Miami twitter.com/SvenjaGudell/s…

Aug 27, 2015

RT @FastSlon: Даже самый быстрый человек на планете не убежал от сегвея vine.co/v/ejQnahMKvTp

Aug 27, 2015

RT @IanShepherdson: I guess it's just oversight that all the people who said the Q1 slowdown was the start of a recession haven't yet admitted they were wrong.


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