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​U.S. Rep. Sheila Cherfilus-McCormick, sitting behind a desk, appearing for a hearing.

Rep. Cherfilus-McCormick Faces Expulsion Over Pocketing Overpayment

New Iran Strikes Jolt Hormuz and Raise Questions for the U.S.

New Iran Strikes Jolt Hormuz and Raise Questions for the U.S.

Rolling Back Health Equity Training Requirements in Medical Schools Harms Us All

Rolling Back Health Equity Training Requirements in Medical Schools Harms Us All

President Trump and U.S. Secretary of War Pete Hegseth standing next to each other at a news conference.

Hegseth, Trump, and the Desecration of the American Military

An open letter to Trump voters

An open letter to Trump voters

Video: The US economy

Video: The US economyplay icon
The U S Economy
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The Fulcrum
By The FulcrumJul 28, 2022
The Fulcrum
The Fulcrum staff.
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In this webinar from the Network for Responsible Public Policy, guests Nicole Gelinas, William D. Cohan, and Peter Coy discuss the US economy.

The economy is in the news constantly. Unemployment is at the lowest rate in decades, yet, inflation is rearing its ugly head and the Fed has stepped in to increase rates. How did we get to this point? What should be anticipated? Should we be alarmed? Is there a consensus on sensible solutions? In other words, what’s the story?

Gelinas is a senior fellow at the Manhattan Institute, a contributing editor of City Journal, and a columnist at the New York Post. She writes on urban economics and finance.

Cohan, a former senior Wall Street M&A investment banker for 17 years at Lazard Frères & Co., Merrill Lynch, and JPMorganChase, is the New York Times bestselling author of three non-fiction narratives.

Coy, the moderator, is an economics writer for the New York Times Opinion section. He moved to the Times in July 2021 after nearly 32 years at BusinessWeek and Bloomberg Businessweek.


Latest news

Florida Democrat resigns, moments before the Ethics Committee was supposed to weigh her expulsion
Ethics & Leadership

Florida Democrat resigns, moments before the Ethics Committee was supposed to weigh her expulsion

Michigan group pushes to get big money out of politics
Money & Politics

Michigan group pushes to get big money out of politics

People protesting in the Cannon House Office Building on Capitol Hill, holding tulips and signs that read, "We can't afford another war" and "end the war on iran.'
Ethics & Leadership

Trump’s Iran “Victory” Echoes Iraq’s "Mission Accomplished"

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ICE Director Requests Additional $5.4 Billion at Congressional Budget Hearing

CBP Chief Rodney Scott (left), Acting ICE Director Todd Lyons (middle) and USCIS Director Joseph Edlow (right) testify at budget hearing.

Jamie Gareh/Medill News Service)

ICE Director Requests Additional $5.4 Billion at Congressional Budget Hearing

WASHINGTON- The acting director of ICE on Thursday told Congress that while the Trump administration pumped $75 billion extra into ICE over four years, many activities remain cash starved and the agency needs about $5.4 billion in additional funding for 2027.

There’s misinformation with the Big Beautiful Bill that ICE is fully funded,” said Todd Lyons, acting director of ICE, whose resignation was announced later that day.

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People sitting at desks in an office.

A policy-driven look at AI-era job displacement and how “Transition Launch Pads” can speed reemployment through local hubs, retraining, and employer collaboration.

Getty Images, Bill Pugliano

Layoff Headlines Keep Coming, Policy Answers Don't. Here’s One Solution

Every week brings another round of displacement announcements. Tech companies, logistics firms, financial institutions, retailers — cutting headcount at a pace that no longer surprises anyone. The headlines are routine. What isn't routine — in fact, what is conspicuously absent — is any serious account of what comes next. Not for the companies. For the workers.

That absence is a policy failure, and it is getting more expensive for us all by the quarter. The longer folks remain unemployed, the greater the costs. The individual and their loved ones obviously suffer. The community does as well due to that productive individual sitting on the sidelines and the high costs of sustaining unemployment.

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Illinois House Passes Bill to Restrict Construction of Immigration Detention Centers in Communities

The Illinois State Capitol Building, in Springfield, Illinois on MAY 05, 2012.

(Photo By Raymond Boyd/Michael Ochs Archives/Getty Images)

Illinois House Passes Bill to Restrict Construction of Immigration Detention Centers in Communities

The Illinois House passed a legislative proposal in a 72-35 partisan vote that would restrict where immigration detention centers can be built, located or operated in the state.

House Bill 5024 would amend state code so that an immigration detention center cannot be located, constructed, or operated by the federal government within 1,500 feet of a home or apartment complex, as well as any school, day care center, public park, or house of worship. Current detention facilities in the state would not be affected by the legislation.

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Newspapers folded over.

Nearly 40% of Maryland newspapers question whether they will be able to operate without more funding within the next two years.

Adobe Stock

MD Bill To Support Local News Appears Unlikely To Pass This Session

As Maryland’s legislative session winds down, a bill in the General Assembly intended to support local newspapers across the state appears unlikely to pass.

The Local Newspapers for Maryland Communities Act would have required the state government to spend 50% of their print and digital advertising budget on local outlets in the state. The bill does not favor any particular news outlets, rather stipulating that organizations must produce original local content and have at least one reporter in or around Maryland.

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