National economics correspondent, The Wall Street Journal

Puerto Rico’s Pensions: $2 Billion in Assets, $45 Billion in Liabilities

wsj.com — News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Soon-to-be-named members of an oversight board are tasked with balancing the island's huge pension deficit with its $70 billion debt load San Juan, Puerto Rico-One of the thorniest tasks awaiting a seven-member board charged by Washington with cleaning up Puerto Rico's debt crisis is deciding how to balance a $70 billion debt load with nearly $43 billion in unfunded pension liabilities.

CBO Boosts U.S. Deficit Forecast on Weaker Federal Revenues

wsj.com — WASHINGTON-Budget analysts said Tuesday the U.S. will run a larger budget deficit this year because a slowdown in corporate profits will result in lower revenues than previously estimated. For the fiscal year that ends next month, the Congressional Budget Office now expects a deficit of $549 billion, or 3% of gross domestic product, up from $500 billion, or 2.7%, in its estimate this past January.

How Trade Affects the Vote for President

blogs.wsj.com — Global trade can produce winners and losers in the marketplace-and also in politics, according to a new paper. The study finds the share of the vote decreases for the incumbent party in counties that have higher concentrations of jobs in low-skill manufacturing, such as apparel.

How Economic Anxieties Explain Donald Trump’s Appeal-And Where They Fall Short

blogs.wsj.com — A new analysis finds supporters of Donald Trump can be identified more easily by measures of racial isolation and cultural anxiety than by measures of personal economic well-being. The analysis, unlike some others, finds little evidence that the Republican presidential candidate has received stronger support in regions with greater exposure to trade competition and immigration.

Hillary Clinton Releases Tax Return, Pressuring Donald Trump to Follow

wsj.com — Hillary Clinton released her 2015 personal tax return on Friday, further pressuring Republican opponent Donald Trump, who has spurned a decades-old tradition by refusing to release any of his returns. Mrs. Clinton and her husband, former President Bill Clinton, paid an effective federal income tax rate of 34% in 2015 and donated nearly 10% of their gross income to charity, the campaign said in a statement.

Influx of Puerto Ricans Could Shift Battleground States in Presidential Vote

wsj.com — KISSIMMEE, Fla.-An influx of Puerto Ricans to the U.S. mainland has created a growing bloc of potential voters who don't have hardened partisan loyalties, which could presage big electoral shifts in key battlegrounds this fall.

Donald Trump Attacks Hillary Clinton’s Economic Policy in Speech to Home Builders

blogs.wsj.com — MIAMI BEACH, Fla. - Republican presidential nominee Donald Trump promised a home-building group "big league" tax cuts and "massive" cuts in regulation and said Democratic rival Hillary Clinton would spoil the economy, delivering a prebuttal of her economic policy speech planned for later on Thursday.

Clinton to Criticize Trump’s Economic Plan as Self-Serving

wsj.com — Hillary Clinton will dial up a line of attack on Donald Trump's economic proposals in a Thursday speech that casts his agenda as a crony giveaway that erodes his populist appeal, according to a campaign official familiar with the remarks. Mrs.

Romantic Relationship With Fannie Mae CEO Prompted Firing of Fifth Third Lawyer

wsj.com — Fifth Third Bancorp, Ohio's largest bank, fired its general counsel last month because she was having a romantic relationship with the chief executive of Fannie Mae, Timothy Mayopoulos. Fifth Third last month said Heather Russell, who was chief legal officer and corporate secretary for less than year, departed following "a personal matter" that represented "a conflict of interest."

Donald Trump to Propose Tax Breaks on ‘Pocketbook’ Issues in Economic Plan

wsj.com — News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. GOP nominee will propose to allow families to deduct child-care expenses in Detroit speech today Republican presidential nominee Donald Trump will outline Monday in an economic policy speech a proposal to allow families to deduct child-care spending from their income taxes as part of a broader effort to slash taxes, according to an adviser familiar with the plan.
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Aug 25, 2016

RT @reidepstein: >@MarkSKrikorian on Trump immig shuffle: "Whatever remaining chance he had to win the White House is gone." https://t.co/p

Aug 25, 2016

RT @JedKolko: The recent jump in self-reported economic anxiety: (1) is largest for Whites, and (2) started around 2008. https://t.co/xPpUoWzegX

Aug 25, 2016

RT @carney: The subway is the perfect place to sell a box of crickets, right? Almost no competition and lots of passengers who don't have crickets yet.

Aug 25, 2016

A great story to understand how the financial crisis damaged trust in US institutions  http://on.wsj.com/2bCHNDj  https://t.co/KHU5Ti71Dm

Aug 25, 2016

RT @kasie: This is how alt-right American Renaissance defines the alt-right, from their statement in response to Clinton speech https://t.co/hOy65O383b

Aug 25, 2016

RT @reihan: I warned that Trump nomination would set back cause of immigration restriction. Seems to be happening in an unexpected way.


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