The White House and House Republicans agreed to a deal just days before the US is expected to default.
If the US fails to increase its debt ceiling by June 1, it could be forced into an embarrassing – and hugely costly – default on its obligations.
Reading economic news can be confusing. Here’s how to understand what the news is – and isn’t – telling you.
Central banks are raising interest rates to tame inflation, but 2023 will increasingly turn a technical decision into a political challenge.
Politicisation of taxpayer-funded advertising is wasteful and creates an uneven playing field in elections.
Phil Tomlinson, University of Bath; Adi Imsirovic, University of Surrey; Cam Donaldson, Glasgow Caledonian University; Despina Alexiadou, University of Strathclyde ; Gavin Midgley, University of Surrey; Hilary Ingham, Lancaster University; Jennifer Castaneda Navarrete, University of Cambridge; Jonquil Lowe, The Open University; Karen Bloor, University of York; Peter Bloom, University of Essex; Shampa Roy-Mukherjee, University of East London; Steven McCabe, Birmingham City University; Supriya Kapoor, Trinity College Dublin, and Tolu Olarewaju, Keele University
Our panel of academics responds to the UK government’s latest economic plans.
Rishi Sunak is taking over as UK prime minister from Liz Truss during very difficult economic times.
Keith Baker, Glasgow Caledonian University; Cam Donaldson, Glasgow Caledonian University; Ernestine Gheyoh Ndzi, York St John University; Gavin Midgley, University of Southampton; Jonquil Lowe, The Open University; Karen Bloor, University of York; Karl Schmedders, International Institute for Management Development (IMD); Peter Bloom, University of Essex; Phil Tomlinson, University of Bath; Renaud Foucart, Lancaster University; Sarah Schiffling, Liverpool John Moores University; Slawomir Raszewski, University of East London; Steven McCabe, Birmingham City University; Victoria Honeyman, University of Leeds, and W David McCausland, University of Aberdeen
The government knows 2022 is going to be tough for voters.
A new analysis shows how government policy led to thousands more overcrowded households in the years ahead of the pandemic.
Republicans and Democrats have negotiated a draft deal that may avert a financial crisis, but why does the US have a debt ceiling in the first place?
It’s awfully hard to wrap your mind around a sum that large. But converting it to a more bite-size representation can affect a voter’s willingness to support government spending.
The campaign shows promise. But it’s not clear if it will preempt and respond to people’s concern about vaccine safety.
Spending decisions can often be explained by looking at who voted for the party in government.
Congress is spending trillions of dollars trying to rescue the US economy and support workers and businesses. Can America afford it? ‘No sweat,’ according to modern monetary theory.
State and local government jobs are being axed, public schools won’t get money the state planned to send them, and fire and police departments budgets are being slashed. All because of the pandemic.
Canada’s federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
Why most debt and deficit projections are still way too upbeat.
In the aftermath of the election, what is striking about many of the policy positions of Canada’s federal parties is their timidity, especially when it comes to climate change.
The UK has fallen victim to drones, chemical weapons and cyber-attacks in recent years. But at least it’s got a really big boat.
Pork-barrel spending – that often reviled custom otherwise known as ‘earmarks’ – may well help Congress pass bills on schedule. Banned since 2011, they may be making a comeback.