US Economic Policy Digest

The US Strategic Petroleum Reserve has fallen to its lowest level after another 8.9 million barrels were withdrawn in the latest week, underscoring ongoing draws from emergency stockpiles.

Florida's education and health services sector added 36,400 jobs (2.3%) over the past year, yet public schools are losing ground.

• Private schools...

Kevin Warsh begins his tenure as Fed Chair facing persistent inflation alongside market bets on aggressive easing.

• Inflationary pressures linger...

Governor Pritzker signed a nearly $56B budget featuring new business taxes while pursuing a third term.

• The companion tax law (Public Act 104-0468)...

A Marion County council committee approved a proposal to raise wheel taxes and vehicle excise surtaxes, moving drivers one step closer to higher...

$15.9 million in NBRC grants will fund 17 rural Maine initiatives to boost jobs, housing, and infrastructure.

• Catalyst Awards support projects like...

AI systems are drafting legislation meant to regulate artificial intelligence, with the process occurring without disclosure to legislators in at...

Democrats require a revised digital trade strategy after the USTR withdrew support in October 2023 for WTO proposals on cross-border data flows, data localization, and source-code protection.

The Social Security retirement trust fund faces depletion in 2032, prompting online alarm, yet experts stress this means 75-80% benefit payments from...

Federal Reserve Developments

• 🔥 Warsh Era Begins with Hawkish Tilt: Deutsche Bank expects the first FOMC meeting under new Chair Kevin Warsh to...

Hawaii's economy is set to moderate sharply, with real GDP growth projected at 1.6% for 2026 after 2.5% in 2025, driven by inflation jumping to 5.1%...

Oil prices plunged more than 5% to $80 per barrel after the US and Iran signed a peace agreement.

• The deal lifts the US naval blockade of Iranian...

Kenneth Rogoff explains that high inflation takes considerable time to develop, rather than emerging abruptly.

Texas maintains a distinct approach to workplace rules while other states expand employee protections.

• Core Texas rules: Minimum wage holds at $7.25...

U.S. national debt stood at approximately $39.2 trillion as of June 16, underscoring mounting pressures on federal finances and the search for sustainable solutions.

Post-Hurricane Maria data from Puerto Rico shows infrastructure investment outperforms homeowner rebuilding subsidies as a cost-effective recovery...

Infrastructure demand is growing faster than public agencies can fund, pushing greater reliance on design-build contracts and public-private...

US nuclear construction costs surged over decades while other nations avoided similar spikes, showing escalation stems from regulatory decisions...

Kevin Warsh will use his first FOMC press conference to push a strict 2% inflation target and trimmed-mean measurement, rejecting the Powell-era...

New York Gov. Kathy Hochul signed the FY 2026-2027 state budget on May 28, 2026, with provisions addressing federal tax conformity, rate changes, and property tax measures.