Mission Creep: The Fed’s Foray Into State and Local…
Five years ago, The CARES Act authorized the Federal Reserve to create emergency lending facilities…
Enabling Bad Behavior: The Federal Reserve’s Municipal…
The Municipal Liquidity Facility (MLF), provided aid to fiscally distressed state and local…
Chicago Public Schools Now Have a Junk Credit Rating.…
On August 28, 2025, Chicago Public Schools (CPS), the fourth-largest school district in the US,…
Render Unto Caesar? Even the Pope Faces Confusion…
Any practicing Catholic will tell you that Pope Leo XIV answers to a higher power, but none would…
What Moody’s US Credit Downgrade Means for You
On May 16, Moody’s Ratings downgraded the US government’s long-term issuer and senior unsecured…
Do the Rich Pay Their Fair Share of Taxes?
Research Fellow Thomas Savidge digs into tax data to answer a frequently echoed question.
Congress Continues Push to Restrict Credit Access
Last December, I wrote about Senators Hawley and Sanders’ call to cap credit card interest rates at…
Financing the Federal Government: How Government Takes…
This Explainer will cover where the government takes revenue from, how it spends those dollars, how…
The Work vs Welfare Tradeoff Revisited
Explaining Welfare Benefits at the State Level
Resolutions for the Fiscal New Year
"Many lawmakers in DC make resolutions to be more fiscally responsible, but much like our New…
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