congressmen's stays in office. In addition, it demonstrates how this methodology can be used to forecast the seniority structure of future Congresses. One of the major empirical findings of this paper is that it demonstrates the deficiencies of using "mean term" to make inferences about the ...
This time, with so few days to act — and a feeling among Democrats that there is little need to investigate what happened, since most members of Congress heard Trump speak to his supporters and were in the Capitol when the mob broke in — impeachment is going straight to the House floor...
Jan. 20: By noon on this day, the Constitution says a new presidential term begins. If Congress has not yet certified a winner of the presidential election, federal law designates an acting president based on which elected officials are in office. If there is no president or vice p...
The democratic system that China operates has enabled the vast country to achieve rapid economic development and long-term social stability over the years. Today China has the world's largest social security system, has successfully eliminated absolute poverty, achieved an overwhelming victory in the ...
"The report to the congress was not started from the day of the establishment of the drafting team. Important theories, conclusions and decisions in the report could not do without Xi's long-term theoretical thinking and practice," said a member of the team. ...
Many voices have extolled the virtues of long-term investing and condemned short-termism. But little real change is taking place. Financial professionals are forced to act in the short term because of the Short-Term Measurement Dilemma. When the market is valued according to a short-term measure...
Fiscal policy is a general term for all the spending programs, government borrowing, and tax policies that guide the economy. Each year, Congress sets budgetary priorities and submits spending bills. Once the President signs off, it’s up to the Department of the Treasury to issue bonds, note...
GDP can be computed on a nominal basis or a real basis, the latter accounting forinflation. Overall, real GDP is a better method for expressing long-term national economic performance since it usesconstant dollars. Let’s say one country had a nominal GDP of $100 billion in 2014. By 2024...
Themembers of the U.S. Senate-confirmed FRBare considered an independent agency of the federal government.4The Fed has a statutory mandate to maximum employment and stable prices at moderate long-term interest rates, and the FRB chair and other officials frequently testify before Congress. However...
Without checks and balances, one branch of a government or organization can grow too powerful. In the U.S., three branches of the federal government effectively have a set of checks and balances: the legislative branch as Congress (the House of Representatives and the Senate), the Supreme Cou...