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United States

James Pethokoukis

Huntsman tax plan goes big and bold

Aug 31 2011

Current polls say Jon Huntsman, former Utah governor and ambassador to China, isn’t a top tier candidate for the 2012 Republican presidential nomination. But he certainly has a top-tier economic plan. Huntsman will offer a broad proposal later today – covering taxes, regulation, trade and energy. But I already had a peek at the tax [...]

Obama’s new chief economist, Alan Krueger

Aug 29 2011

First, the 411 on Alan Krueger, new chairman of the White House Council of Economic Advisers, from Reuters: U.S. President Barack Obama said on Monday he has chosen Princeton University labor economist Alan Krueger to become the top White House economist. Krueger would succeed Austan Goolsbee as chairman of the White House Council of Economic Advisers. [...]

Will Hurricane Irene be a black swan for the U.S. economy?

Aug 25 2011

The U.S. economy is growing very slowly, just 0.4 percent in the first quarter, 1.3 percent in the second. And it might not do a whole better the rest of the year. That’s a problem. A recent study from the Federal Reserve finds that that since 1947, when two-quarter annualized real GDP growth falls below 2 [...]

On climate change, Romney is pretty consistent

Aug 25 2011

What Mitt Romney is saying today about climate change is pretty much what he’s been saying all along. First, here is what he said yesterday: Asked about global warming at a town hall meeting in Lebanon, New Hampshire, Romney said he believed the world is getting hotter and humans contribute in some way to the [...]

Gloomy CBO forecast is now Obama’s best-case scenario

Aug 24 2011

After reading one bearish Wall Street economic report after another, the new Congressional Budget Office budget and economic forecast looks absolutely glowing by comparison. The CBO sees the U.S. economy growing 2.4 percent this year, 2.6 percent next — and then a brisk 3.6 percent through 2016. By comparison, Goldman Sachs forecasts just 1.5 percent [...]

World News

Britain's Johnson to appoint his Brexit team

Boris Johnson will take office on Wednesday as British prime minister and will unveil the names of the team he has tasked with delivering Brexit by the end of October, with or without a deal.