
Why States Give Companies Tax Breaks to Create Jobs
A state can give a company a tax break, get the promised jobs and still have paid for an investment that would have happened anyway. States…
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.
An independent team explaining how government works

A state can give a company a tax break, get the promised jobs and still have paid for an investment that would have happened anyway. States…

A government ban on diesel exports would stop fuel from being sold overseas, with the aim of making it cheaper at home. Diesel that would have…

In 2026, tariffs of 50 percent took effect August 22 on a range of Canadian goods, and three September 8 proclamations excluded certain Canadian products in…

Explores why manufacturing jobs declined, weighing trade with China, automation, corporate tax cuts, health costs, and whether tariffs or CHIPS Act help.
Monetary and Fiscal Policy covers how central bank and budget decisions steer the economy, Interest Rates covers the cost of borrowing, and Budget Deficits and National Debt covers the gap between what government spends and collects.
Economic Indicators covers the statistics that show how the economy is doing, Economic Growth covers the rise in what an economy produces, and Inflation and Cost of Living covers rising prices and the cost of ordinary needs.
Financial Regulation covers the oversight of banks and markets, Industrial Policy covers government support for particular industries, and Trade Policy covers tariffs, trade deals, and other rules for goods crossing borders.
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.
Dodd-Frank created the CFPB and tried to end bank bailouts after 2008. See how the 2023 bank failures reopened debate over its success.
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.
U.S.-Canada tariffs divide gains and costs among producers, manufacturers, shoppers and exporters, with exemptions and retaliation shaping the outcome.
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.…
Trump’s tariff deadlines depend on the law behind each charge, Congress’s role, replacement powers and court rulings, with different rules for imports.
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…
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…
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,…
Presidents can target imports by country under powers Congress grants. Tariff laws set the limits, and American importers pay the customs charges.