Skip to content

The Broader Economy

The broader economy is the whole system of production, jobs, prices, trade, and money that government both measures and tries to steer. Congress, the president, the Federal Reserve, and many agencies take part, each with different tools. Understanding it means seeing how those tools work and how their effects reach households and businesses.

137articles
9topics
October 11last updated

An independent team explaining how government works

GovFacts is a nonpartisan site that makes government concepts, policies and programs easier to understand and use.

Referenced by Brookings, CNN, Forbes, Fox News, Pew Research, Snopes, The Hill and USA Today.

The Webby-recognized AI behind our articles »

Latest in The Broader Economy

Industrial Policy

Why American Manufacturing Jobs Declined

Explores why manufacturing jobs declined, weighing trade with China, automation, corporate tax cuts, health costs, and whether tariffs or CHIPS Act help.

Topics in The Broader Economy

All Articles on The Broader Economy

How the Federal Reserve Sets Interest Rates

Explains how the Federal Reserve turns its target range for the federal funds rate into a real overnight rate using tools like IORB and repo facilities.

17 Min Read

What Dodd-Frank Did After the 2008 Crash

Dodd-Frank created the CFPB and tried to end bank bailouts after 2008. See how the 2023 bank failures reopened debate over its success.

25 Min Read

Fiscal vs. Monetary Policy: What’s the Difference?

Fiscal policy is Congress setting taxes and spending. Monetary policy is the Fed setting interest rates. See which lever actually moves your paycheck or loans.

22 Min Read

Who Wins and Who Loses in the US-Canada Trade War

U.S.-Canada tariffs divide gains and costs among producers, manufacturers, shoppers and exporters, with exemptions and retaliation shaping the outcome.

31 Min Read

Section 122 Tariffs Are Now Law. Here’s What That Means for Prices.

Four days after the Supreme Court struck down the administration's emergency tariffs, a new 15% surcharge on most U.S. Imports was already in effect.…

25 Min Read

The 150-Day Clock on Trump’s New Tariffs—And What Legal Authorities Come Next

Trump’s tariff deadlines depend on the law behind each charge, Congress’s role, replacement powers and court rulings, with different rules for imports.

21 Min Read

How Treasury Monitors Currency Manipulation When Trade Imbalances Surge

China's trade surplus hit $1.19 trillion in 2025. Only $160 billion of it showed up in the country's foreign exchange reserves. That gap—$1.03 trillion…

18 Min Read

China’s Record 2025 Trade Surplus and What It Showed About U.S. Tariffs

China announced this week that its trade surplus hit $1.19 trillion in 2025—a 20 percent jump from the year before, and the highest figure…

17 Min Read

The Enforcement Tools Commerce Has When Tariffs Fail to Rebalance Trade

China closed 2025 with a trade surplus approaching $1.2 trillion. Between April and December, the actual cost increase on Chinese goods reached 39-47 percent,…

14 Min Read

Can the President Impose Tariffs on Countries Instead of Products?

Presidents can target imports by country under powers Congress grants. Tariff laws set the limits, and American importers pay the customs charges.

19 Min Read