Explainer: How do tariffs work and how will they impact the American and global economy?
Harvard Kennedy School international trade expert Robert Lawrence discusses what higher tariffs will mean for the United States and the world.
Featured
Research
House to vote on budget to prevent shutdown
Republicans will face a critical test of their unity when a spending bill that would avoid a partial government shutdown and keep federal agencies funded through September comes up for a vote.
What does the House-passed budget resolution mean?
The House of Representatives narrowly passed a budget resolution last month that included a framework for trillions of dollars of tax cuts and government spending cuts.
Don’t look to efficiency for big deficit reductions
Trying to reduce federal budget deficits by increasing the efficiency of federal operations is an appealing idea.
Second-Best Amendment: Market Power and Tax Design in the Firearms Industry
This paper studies the roles of market power and taxes in determining market surplus and social welfare in the U.S. consumer firearms industry.
Experts
Watch & Listen
The Ghost Budget: How U.S. war spending went rogue, wasted billions, and how to fix it
Public finance expert and HKS Senior Lecturer Linda Bilmes says the United States funded the $5 trillion Iraq and Afghanistan wars with an unaccountable and unprecedented scheme utilizing debt, accounting tricks, and outsourcing.
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