Executive Summary Introduction Congress’ recent passage of the GENIUS Act, the first significant regulatory framework for stablecoins, opens the door for increased crossover between traditional finance and cryptocurrency, or decentralized finance. The law sets a framework for future stablecoin regulation and prohibits interest-bearing stablecoins and prevents big tech and retail firms from issuing stablecoins without … Continue reading
An overheating economy, high policy uncertainty, and declining consumer confidence pose recession risks of 53 percent as of April 2025. This paper employs a weighted logit model to aid policymakers in early intervention. Key indicators include consumer expenditure, yield curve, disposable income, and economic policy uncertainty, enhancing prediction accuracy in recession modeling. Continue reading
Executive Summary Introduction Government deficits and the trade balance have seemed to fluctuate in tandem over time. This has given rise to theories connecting the two deficits to explain their relationship. U.S. fiscal deficits have ballooned in recent years, bringing renewed attention to the twin deficit hypothesis (TDH) and applying it to advanced economies. Modeling … Continue reading
Executive Summary Puerto Rico now has a real chance for economic recovery. Last January the Financial Oversight Board for Puerto Rico closed an almost five year-long bankruptcy case with 80% of the islands outstanding payments reduced. Set up in 2016, The Financial Oversight Board is a federally appointed group with limited powers over Puerto Rican finances … Continue reading
On June 15, the House Budget Committee gathered to discuss the need for fiscal goals to “drive discipline and accountability”, in the words of Chairman Tom Price. The hearing comes at a time of a skyrocketing Public Debt of $19 trillion, a sluggish economic recovery and another recession looming around the corner. The U.S. has sustained … Continue reading
The global economy has been experiencing its fair share of ups and downs. Many eyes, including my own, have been locked on Greece as the country struggles to stay afloat under the overwhelming weight of its government debt. Furthermore, Prime Minister Tsipras’s leftist economic policies have all but dismantled the Greek economy. Outlandish tax rates … Continue reading
Greece has been in the throes of economic crisis for years. Turmoil first erupted after Greece’s economy was badly bruised by the global impacts of the Great Recession, and the Greek people have been suffering ever since. In 2009, a poor economic climate combined with a debt level of over 119 percent of GDP caused … Continue reading
As of this past week, our federal government has managed to clear the hurdle of fully funding the Department of Homeland Security. Unfortunately, this is only one of the many vitally important budget issues on the horizon, including Medicare payments to doctors, funding for the Highway Trust Fund and our crumbling infrastructure, and the prospect … Continue reading
To all the people who believe that a constitutional requirement forcing Congress to pass a balanced budget every year will make the federal debt (and yes, there is a difference between a debt and a deficit: deficit being how much money we have to borrow per year, debt being how much money we have borrowed … Continue reading
As tuition costs in universities across the United States continue to swell, students look to community colleges that offer cheaper tuition options than four-year universities. Now, the tuition cost of community college may get even cheaper. While addressing Pellissippi State Community College outside of Knoxville, Tennessee on January 9, President Obama proposed to make higher … Continue reading
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