Recession and Recovery News feed http://www.cbpp.org/research/?fa=topic&id=28 en-us Copyright 2009 Center on Budget and Policy Priorities. All rights reserved. Mon, 13 May 2013 22:00:09 GMT http://blogs.law.harvard.edu/tech/rss http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Mon, 13 May 2013 16:10:53 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Mon, 06 May 2013 16:36:00 -0400 Today’s jobs report shows that labor markets still bear the scars of the Great Recession despite 38 straight months of private-sector job growth and a drop in the unemployment rate from 7.9 percent to 7.5 percent since January. Unemployment remains stubbornly high and many people who would likely have a job in a stronger economy are not even looking for work. Consequently, the share of the population with a job remains well below what it was over the two decades before the … http://www.cbpp.org/cms/?fa=view&id=3961 http://www.cbpp.org/cms/?fa=view&id=3961 Fri, 03 May 2013 10:50:05 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Fri, 12 Apr 2013 17:43:18 -0400 Overview The President’s 2014 budget is presented in two parts. One part includes the package of deficit- reduction policies that the President included in his last offer to Speaker Boehner during the “fiscal cliff” negotiations in December 2012. This package would reduce the deficit by $1.8 trillion over the next decade and go somewhat beyond stabilizing the debt as a share of the economy, setting it on a slight downward path. When coupled with the … http://www.cbpp.org/cms/?fa=view&id=3952 http://www.cbpp.org/cms/?fa=view&id=3952 Thu, 11 Apr 2013 15:59:39 -0400 President Obama’s budget includes a $1.8 trillion deficit reduction package that reflects his last offer to Speaker Boehner during their budget talks in December. The new budget — like the President’s offer — represents a substantial compromise on the President’s part; compared to the President’s original offer to the Speaker from earlier in December, it contains $400 billion less in new revenue, $200 billion more in discretionary program cuts, and the … http://www.cbpp.org/cms/?fa=view&id=3951 http://www.cbpp.org/cms/?fa=view&id=3951 Wed, 10 Apr 2013 16:34:46 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Fri, 05 Apr 2013 14:35:11 -0400 Today’s jobs report, with disappointing job growth and a large drop in the labor force, shows that a robust jobs recovery remains elusive. That situation won’t likely improve in coming months as the sequestration budget cuts begin to slow the economic recovery and make it harder for the unemployed — especially the unprecedented numbers of long-term unemployed (see chart) — to find a job. Adding insult to injury, sequestration also cuts federal unemployment … http://www.cbpp.org/cms/?fa=view&id=3949 http://www.cbpp.org/cms/?fa=view&id=3949 Fri, 05 Apr 2013 11:53:32 -0400 Below is a compilation of the CBPP analyses and blog posts on House Budget Committee Chairman Paul Ryan’s budget, which the House has passed. Overview/General Statement: Robert Greenstein, President, on Chairman Ryan’s Budget Plan March 12, 2013 “When House Budget Committee Chairman Paul Ryan released his previous budget last year, I wrote that for most of the past half century, its extreme nature would have put it outside the bounds of mainstream … http://www.cbpp.org/cms/?fa=view&id=3940 http://www.cbpp.org/cms/?fa=view&id=3940 Fri, 22 Mar 2013 17:10:16 -0400 As the House and Senate consider their respective budget resolutions this week, a key point of debate will be whether balancing the budget over the decade is an essential goal. We don’t think it is. We agree with Alice Rivlin, a former director of both the Congressional Budget Office (CBO) and the Office of Management and Budget, who told the New York Times last week, “There’s nothing magic about exact balance. The really important thing is to keep the debt … http://www.cbpp.org/cms/?fa=view&id=3935 http://www.cbpp.org/cms/?fa=view&id=3935 Wed, 20 Mar 2013 15:45:55 -0400 Executive Summary With President Obama and lawmakers of both parties vowing to achieve further deficit reduction, the stakes are high for low- and moderate-income Americans. If policymakers heavily target programs that serve vulnerable Americans, they will run the risk of increasing poverty and hardship and reducing opportunity for those on the lower rungs of the economic ladder, limiting their future educational and employment prospects. If, however, policymakers take a … http://www.cbpp.org/cms/?fa=view&id=3918 http://www.cbpp.org/cms/?fa=view&id=3918 Mon, 11 Mar 2013 11:54:03 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Fri, 08 Mar 2013 15:39:42 -0500 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Fri, 08 Mar 2013 10:43:41 -0500 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Wed, 06 Mar 2013 12:54:39 -0500 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Tue, 05 Mar 2013 15:40:18 -0500 Introduction Chairman Murray, ranking member Sessions, I thank you for the opportunity to testify today. These are uniquely challenging times for fiscal policy. Our national economy continues to face a series of self-imposed fiscal deadlines in the forms of cliffs, ceilings, and most recently, sequestration. Various independent analyses find that if these automatic cuts remain in place, they will shave around 0.5% off of 2013 real Gross Domestic Product (GDP) growth and cost our … http://www.cbpp.org/cms/?fa=view&id=3916 http://www.cbpp.org/cms/?fa=view&id=3916 Tue, 05 Mar 2013 11:24:32 -0500 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Fri, 01 Mar 2013 13:33:36 -0500 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Wed, 27 Feb 2013 15:41:05 -0500 The revenue raised as part of January’s American Tax Relief Act (ATRA) came primarily as a result of raising tax rates on high-income households. Yet throughout the negotiations around avoiding the fiscal cliff last year, both President Obama and Speaker Boehner called for raising revenue through limiting tax deductions, exclusions, and other tax breaks known collectively as “tax expenditures.” Indeed, Speaker Boehner suggested that all of the $800 billion of … http://www.cbpp.org/cms/?fa=view&id=3912 http://www.cbpp.org/cms/?fa=view&id=3912 Wed, 27 Feb 2013 12:50:30 -0500 Mr. Chairman and distinguished members of the Finance Committee, I appreciate the invitation to testify here today.  As we all know, the nation faces fiscal and economic challenges, and we will have to make some tough decisions to put the budget on a more sustainable fiscal course and to do so without hindering a still-too-weak economic recovery.  Earlier this month, we issued an analysis which finds (based on the new Congressional Budget Office projections, with several adjustments that … http://www.cbpp.org/cms/?fa=view&id=3908 http://www.cbpp.org/cms/?fa=view&id=3908 Tue, 26 Feb 2013 10:09:18 -0500 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Thu, 21 Feb 2013 14:39:02 -0500 Mr. Chairman and members of the subcommittee, thank you for the opportunity to testify on this important topic. The first half of my testimony focuses on the macroeconomic roots of our current jobs crisis and the second part focuses specifically on unemployment insurance. There is no doubt that the United States continues to suffer a serious unemployment problem in the wake of the Great Recession. Five years after the onset of the Great Recession and three and a half years after … http://www.cbpp.org/cms/?fa=view&id=3905 http://www.cbpp.org/cms/?fa=view&id=3905 Thu, 14 Feb 2013 17:45:04 -0500 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Thu, 14 Feb 2013 17:22:42 -0500 http://www.cbpp.org/cms/?fa=view&id=3184 http://www.cbpp.org/cms/?fa=view&id=3184 Wed, 13 Feb 2013 14:07:50 -0500 I appreciate the invitation to testify today on the impact of federal budget decisions on families and communities. This is an important matter. As you know, the nation will have to make tough decisions to put the budget on a more sustainable fiscal course. The issue is not only whether policymakers act to secure adequate deficit reduction, but also how that is done. On Monday, we issued an analysis that finds (based on the new Congressional Budget Office projections, with … http://www.cbpp.org/cms/?fa=view&id=3902 http://www.cbpp.org/cms/?fa=view&id=3902 Wed, 13 Feb 2013 11:43:02 -0500