Facing the Future

This week on Facing the Future, we’ll focus on the latest economic projections from the Federal Reserve Board. Their last meeting, which concluded on December 13, certainly made some news with the projection that the Fed might actually begin to reduce interest rates in 2024. To guide us through the economic news, our guest this week is Robert Carroll, Co-leader of the EY’s Quantitative Economics and Statistics (QUEST) group. Concord Coalition policy director Tori Gorman and chief economist Steve Robinson join the conversation.

This week, on Facing the Future, we began with a review of the oral arguments before the U.S. Supreme Court in Moore vs. United States, a case that could have a big effect on federal government revenues. Our guest was Steven Rosenthal, Senior fellow at the Urban-Brookings Tax Policy Center.

Then, Tori Goman, Steve Robinson and I looked at some new numbers on U.S. life expectancy and whether there may be a glimmer of hope that a government shutdown can be avoided in January.

This week on Facing the Future we got an update on the latest inflation and economic growth numbers from Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office (CBO). Despite some encouraging short-term numbers, Holtz-Eakin sees a few warning signs for 2024.

We also discussed his new issue brief on employment-based immigration.

This week on Facing the Future our guests were former U.S. Senators, Kent Conrad (D-ND) and Rob Portman (R-OH). They have been lending their voices to the push for a new bipartisan fiscal commission that would propose solutions to our nation’s unsustainable budget outlook.

Conrad chaired the Senate Budget Committee from 2001 to 2003, and again from 2007 to 2013. Portman served as Director of the Office of Management and Budget (OMB) under President George W. Bush.

This week on Facing the Future we heard from three members of Congress who took part in a virtual discussion on November 13 titled, “Working Toward a Sustainable Fiscal Future in a Divided Congress.” The three congressmen, Don Bacon (R-NE), Jared Golden (D-ME), and Scott Peters (D-CA) were recipients of The Concord Coalition’s 2023 Economic Patriot Award, which is given for efforts to bring about a more fiscally sustainable path for future generations.

This week on Facing the Future, we’ll get an update on COVID-19 as we enter another holiday travel season. Our guest is Dr. Jodie Guest, an epidemiologist and professor at Emory University in Atlanta who also serves as an advisor to the Centers for Disease Control (CDC).

Then, we’ll switch gears to discuss the latest developments on the economic front, such as the Fed’s decision to hold rates steady for now and the “Goldilocks” October jobs report.

This week on Facing the Future, we begin with a status check on the stalled appropriations process on Capitol Hill now that a new Speaker of the House has been selected by the Republican caucus. Our guest for that segment is Tom Kahn who served as Democratic House Budget Committee staff director from 1997 to 2016. He now teaches budget policy at American University in Washington. Then we’ll talk with Richard Coffin, Chief of Research and Advocacy at USA Facts, a nonprofit, nonpartisan civic initiative that makes government data easy for all Americans to access and understand. That’s certainly a useful mission for anyone interested in things like the nation’s fiscal challenges.

This week on Facing the Future, we looked at the final federal budget numbers for Fiscal Year 2023 and why the deficit shot up. Then we discussed President Biden’s $106 billion supplemental spending request for Ukraine, Israel and other international priorities. And finally, we heard from Brian Riedl of the Manhattan Institute and Marc Goldwein of the Committee for a Responsible Federal Budget on the threat of rising interest rates and the prospects for a new fiscal commission. 

This week on Facing the Future, we talk with former Congressman and Ambassador Richard Swett about the work he’s been doing with a Princeton University initiative on restoring the Constitutional powers of Congress.

Swett serves on a subcommittee dealing with the power of the purse, something of great interest to The Concord Coalition. Then, we’ll get Swett’s perspectives on how security challenges in Israel and Ukraine might play out.