Spending Transparency

Feb 8, 2016

Top 400 Taxpayers See Tax Rates Rise, But There’s More to the Story

As Americans were gathering party supplies to greet the New Year, the Internal Revenue Service released their annual report of cumulative tax data reported on the 400 tax r...

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Feb 4, 2016

Chlorine Bleach Plants Needlessly Endanger 63 Million Americans

Chlorine bleach plants across the U.S. put millions of Americans in danger of a chlorine gas release, a substance so toxic it has been used as a chemical weapon. Greenpeace’s new repo...

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Jan 25, 2016

U.S. Industrial Facilities Reported Fewer Toxic Releases in 2014

The Toxics Release Inventory (TRI) data for 2014 is now available. The good news: total toxic releases by reporting facilities decreased by nearly six percent from 2013 levels. Howe...

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Jan 22, 2016

Methane Causes Climate Change. Here's How the President Plans to Cut Emissions by 40-45 Percent.

UPDATE (Jan. 22, 2016): Today, the Bureau of Land Management (BLM) released its proposed rule to reduce methane emissions...

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more news

Notes from the Economy: It's Not a Recession...Yet

Oct 30, 2008 by Craig Jennings

The Bureau of Economic Analysis (BEA) has released GDP figures for the third quarter. This "advance" number indicates that the economy contracted in the past three months at annual rate of 0.3 percent.

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Notes from the Economy: Getting Worse Before it Gets Better

Oct 27, 2008 by Craig Jennings

An article in the Wall Street Journal brings us another reason Congress should pass an effective stimulus package during a possible lame-duck session in November. One of the starkest indicators is that the number of people who have been unemployed for 27 weeks or more reached two million in September. That's 21% of the total unemployed, and approaching the prior peaks of about 23% in 2003 and 1992. [...]

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Silver Lining to the Financial Crisis

Oct 24, 2008 by Craig Jennings

If anything, the collapse of the nation's financial markets has forced even the staunchest of believers in the Free Market^® to consider the possibility that sometimes the "market" doesn't know best.

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SEC Wants Transparency in Wall Street Credit Gambling

Securities and Exchange Commission (SEC) Chairman Christopher Cox recently emphasized the urgent need for transparency of currently unregulated credit transactions, called credit default swaps (CDS), that contributed to the ongoing economic crisis. Cox is using the SEC's program to modernize its electronic disclosure system as a platform to call for oversight while the agency investigates alleged fraudulent transactions. Meanwhile, two other federal agencies are vying for regulatory oversight of CDS and industry is lobbying to minimize the impact. At issue will be whether transparency is accompanied with any other forms of accountability.

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Notes from the Economy: Underemployment

Oct 17, 2008 by Craig Jennings

While the monthly number is an important component in summarizing the state of economy, it's an incomplete indicator. For example, at the state level in August, 20 states had unemployment rates greater than the national average of 6.1 percent, while 31 states had unemployment rates below the national average. Yet, the trend is unmistakable: compared a a year ago, 48 states have seen their unemployment rate increase with 34 percent increasing more than one percentage point.

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Nonsense

Oct 17, 2008 by Craig Jennings

Pushing back against Democratic congressional leadership's call for another stimulus package, White House spokesperson Dana Perino told reporters: A lot of their discussions yesterday, as I understood it, are not necessarily items that we think would stimulate the economy. Additional benefits to individuals who may need support during an economic downturn aren't necessarily stimulative. And yet, about three weeks ago, the non-partisan Congressional Research Service issued a report on the economic slowdown saying just the opposite.

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It's Official: Another Deficit Record Set

Oct 14, 2008 by Craig Jennings

Treasury Secretary Henry Paulson took time out of his busy schedule nationalizing recapitalizing banks to announce with OMB Director Jim Nussle that the federal budget deficit for FY 2008 was $455 billion or 3.2 percent of GDP. The deficit- a record in nominal dollars -- had been projected by the Congressional Budget Office last week to be $438 billion.

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House Democrats to Begin Crafting Stimulus Package

Oct 14, 2008 by Craig Jennings

Following a closed-door meeting with economic experts, Speaker of the House Nancy Pelosi (D-CA) said that she is instructing various committee chairs to begin holding hearings on what should be included in an economic stimulus package that could be voted on in Nove

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CBO Projects Largest Deficit in History

Oct 8, 2008 by Craig Jennings

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The Cost of TARP, Dollars and Opportunity

Oct 7, 2008 by Craig Jennings

Stan Collender ponders the bottom line of the Troubled Asset Relief Program (AKA "TARP", AKA "Wall Street Bailout", AKA "financial rescue", AKA "Just Trust Us") and what it means for the next administration inthis week's Fiscal Fitness column.