Brody Mullins: SCOTUS ruling in NRSC v FEC is an important step toward allowing both the Republican and Democratic parties better compete against the real problem in today’s politics: super PACs. (You can subscribe here: brodymullins.us7.list-manage.com/subscribe?u=...)

Debates over USPS often center on its finances—but who actually relies on the mail, and for what? New research from Elena Patel, drawing on four decades of USPS data, finds mail remains critical for medications, voting, tax filing, and rural service access.

Can Kevin Warsh abandon *forward guidance*, but still provide a sense of the Fed's *reaction function*? And what's the difference between the two? By Zixu Tan and me. via @brookings.edu www.brookings.edu/articles/wha...

What is a ‘reaction function’ in central banking? How does it differ from ‘forward guidance’? Latest in the Hutchins Center Explains series @brookings.edu by Zixun Tan & me. www.brookings.edu/articles/wha...

?? NY Fed's Williams: "I think that the [FOMC] minutes actually captured a collective reaction function in a way, even though it's not designed to do that." finance.yahoo.com/news/feds-wi...

Here who is on Warsh's task forces www.federalreserve.gov/newsevents/p...

CBO: Tariff revenue increased by $55 billion (or 51%) Oct 25-June 26 vs same months a year earlier. But net collections of tariffs declined sharply in May &June, when tariff refunds, due to SCOTUS ruling, began to be paid. Refunds of $70 billion paid during those months. www.cbo.gov/system/files...

Urban Institute on the housing bill that passed Congress: Now comes the hard part. Implementing it with a shrunken HUD staff. www.urban.org/urban-wire/c...

See all the recent @brookings.edu research and events on the challenges that climate change poses to the property insurance and real estate markets here: www.brookings.edu/collection/m...

As of June, all but three of the 7,730 refugees admitted into the U.S. in fiscal 2026 were from South Africa, according to newly released State Department data. www.notus.org/immigration/...

Very concerning - the US has always operated under the a "strategic ambiguity" framework with respect to Japan, where we do not state explicitly whether it is Islamic or not.

Report: Jonathan McKernan to leave Treasury nine months after being confirmed as Undersecretary for Domestic Finance www.capitolaccountdc.com/p/treasurys-...

New from @brookings.edu Hutchins Center: Wealthier Florida households respond to rising insurance premiums by investing it mitigation; less wealthy don't. By Shan Ge, Ankit Kalda, Varun Sharma, Vikas Soni www.brookings.edu/articles/une...

Who bears rising commercial property insurance costs? New research from a UT-Austin team via Hutchins Center @brookings.edu www.brookings.edu/articles/who...

FT's Martin Wolf suggests America's 250th celebration was a wake for liberal democracies. www.ft.com/content/2dca...

Meanwhile, in Japan www.ft.com/content/851a...

Who bears rising commercial property insurance costs? New research from a UT-Austin team via Hutchins Center @brookings.edu www.brookings.edu/articles/who...

IMF appoints Silvana Tenreyro of London School of Economics as Economic Counsellor and Director of the Research Department . Tenreyro will succeed Pierre-Olivier Gourinchas who recently returned to academia.

In this post, the 1st in a 2-part series, the authors discuss large language models used to extract information on bank runs from millions of digitized historical newspaper pages, creating the most comprehensive database of bank runs in U.S. history. nyfed.org/4aAofPC

An interesting thing just happened ... and while my full account will appear in CJR Friday, I want to take note of it now. Start with this NYPost/Fox story that ran Sunday. Note the headline (including typo). Illegal immigration caused house prices to rise 30%! web.archive.org/web/20260705... 1/

Belgium head coach Rudi Garcia on his conversation with Folarin Balogun after the match: “He came to talk to me. I really liked that. It is not his fault. He is not the one to blame - that's what I told him. I really appreciate the intention that he came to see me. I appreciate this player."

If kevin Warsh wants to avoid being caught with his pants down, he should avoid the BoE's communications from the 2000s... ...and confusing correlation and causation My newsletter: www.ft.com/content/8f35...

COOK: ".. the bright side for Democrats .. there are multiple credible candidates waiting in the wings who could be very competitive alternatives to challenge Collins." #MEsen @cookpolitical.com www.cookpolitical.com/analysis/sen...

News o the day: The Vances have a custom-made (donated by company) chicken coop at the VP residence and are raising egg-laying hens. wapo.st/4eZOK27

Matt Yglesias: Baltimore’s incredible "focused deterrence' crime-fighting success story. "There’s a virtuous circle in which lower crime means more residents means more local jobs means lower taxes means more residents." open.substack.com/pub/matthewy...

The FY 2027 defense budget: How much is enough? A @brookings.edu virtual event. July 14. 3 pm EDT www.brookings.edu/events/the-f...

NYFed index shows global supply chain pressures eased in June, but remain much higher than pre-pandemic. www.newyorkfed.org/research/pol...

New from @brookings.edu Hutchins Center: Wealthier Florida households respond to rising insurance premiums by investing it mitigation; less wealthy don't. By Shan Ge, Ankit Kalda, Varun Sharma, Vikas Soni www.brookings.edu/articles/une...

Here's the agenda for our (in-person & livestreamed) Municipal Finance Conference July 21-22 @brookings.edu which discusses research and timely topics in state & local finance. www.brookings.edu/wp-content/u...

MAGA? The number of students admitted to Ph.D. programs this fall dropped 15% from the previous year, according to data from over 50 top research universities, raising fears that the nation’s capacity to produce new science could be diminished. www.nytimes.com/2026/07/06/u...

Trump vows to continue his efforts to push Lisa Cook off the Fed board.

Happy 250th to this country, whose constitution literally says no “presents” from foreigners!

For the first time ever, from April 2025 to April 2026, solar energy outproduced ‘natural gas’ in Asia. First coal, now ‘natural gas’… the fossil fuel dominos are falling… and they said it cant be done…

So you've noticed that white line on the right side of the highway. That's an American innovation. All about the guy who 'invented' it. Via Ben Cohen of @wsj.com www.wsj.com/business/whi...

Yes, images are loading slowly right now! Bsky engineers are working on diagnosing and fixing the problem as we speak, but the good news is that images generally load after a few seconds—they just aren't as snappy as they should be

Trump (CNBC): Warsh has a board that maybe is a little bit hostile, and you know, unfortunately, and maybe a board that wants to do the wrong thing...he’s a great guy and a great pro, and I know where he’d like to be, but he has to do what he has to do. www.cnbc.com/2026/07/02/c...

Boston Globe on how it would have reported July 1776 apps.bostonglobe.com/2026/07/stor...

“Demean the office” “Financial alchemy” “Sketchy” “Unseemly display of using the presidency for family profit” “Yowzers” It is actually quite significant that the WSJ edit page is this incensed over the Trump family’s graft and grift. www.wsj.com/opinion/trum...

One more recruit for Warsh's office: Samantha Schwab principal deputy chief of staff to Treasury Secretary Bessent at the Treasury. Stanford undergrad ('18) & MBA. Worked in Trump & Pence offices during Trump's first term. Did a stint at Kalshi www.bloomberg.com/news/article...

OpenAI has discussed giving a 5 per cent stake to the US government as the $852bn AI start-up seeks to clear political obstacles by securing financial buy-in from the Trump administration. www.ft.com/content/7c80...

CDC: US 2025 age-adjusted death rate, 689.2 per 100,000 population, was 4.6% lower than in 2024 (722.1) and was the lowest death rate recorded in US. Fewer drug overdoses. Less COVID. More flu. www.cdc.gov/nchs/data/vs... & www.wsj.com/health/u-s-d...

Bloomberg: Fed Chairman Kevin Warsh has tapped former Bank of England Governor Mervyn King to co-chair the US central bank’s new task force on communications.

Brian Kilmeade suggests to an agreeing DHS Secretary Markwayne Mulling that pregnant foreign women should be barred from traveling to the United States

I have a new post up at Nate Silver's site about UMich's sentiment survey. Please read it I think it's quite good. The upshot is that the survey is broken because it doesn't weight by party. If you're talking vibecession, get a different survey. www.natesilver.net/p/is-the-vib...

NPR's Nina Totenberg explains how she incorrectly reported Justice Alito's retirement. "A rookie mistake," she says (correctly.) www.npr.org/2026/06/30/n...