It’s not just the federal government that’s pouring in money—businesses are following suit, announcing new factories or expanding old ones. Between the passage of the IRA in August 2022 and May 2024, companies have committed $110 billion for 159 projects from EVs and solar and wind to tr...
It’s not just the federal government that’s pouring in money—businesses are following suit, announcing new factories or expanding old ones. Between the passage of the IRA in August 2022 and May 2024, companies have committed $110 billion for 159 projects from EVs and solar and wind to tr...
Second, conflicts in Ukraine and the Gaza Strip have spurred a rapid increase in U.S. military and defense equipment production over the past six months, reaching historic highs (Figure 3). This surge has boosted U.S. GDP, with federal defense spending year-over-year growth rising from arou...
Trip.com will go through the details for all the Federal holidays 2024. This includes the exact date and day of the week for each holiday as well as suggestions on what you can do to plan for a long weekend. Lastly, we will also show you some of the fun
According to Reuters, President Biden plans to grant further military aid to Ukraine in August or September under the guise of "supplementary spending," which is not restricted by the fiscal act. Despite the federal government grappling with enormous deficits, the U.S. Military-Industrial Complex ...
in 2024 to 6.2% in 2025 before falling in the outer years of the forecast as economic growth outpaces spending growth. With the deficit as a share of GDP falling in the longer term, we predict the 10-year federal bond rate will decrease to 3.9% in 2029 after rising in the short-term...
Economist Peter Morici reacts to the Fed signaling that it could cut interest rates three times in 2024 on 'Varney & Co.' Policymakers, in their annual projections, priced in the potential of three rate cuts, with the federal funds rate falling to a range of 4.4% to 4.9%, down from th...
The US government cybersecurity market is currently valued at approximately $18 billion and is expected to grow at a compound annual growth rate (CAGR) of 8% over the next five years. This growth is fueled by increased federal spending on cybersecurity initiatives, a rise in cyber threats, ...
The central bank started raising rates in March 2022 to tamp down surging inflation, caused chiefly by what top economists labeled as profligate US government spending during the COVID-19 pandemic. The Federal Open Market Comm...
Past research on the allocation of federal resources to localities has failed to account for the interaction between federal and state governments. Here a sequential-move game of such interaction is developed, where state governments behave like political surrogates for the federal government when they...