News
Politico | OMB: Child migrants to cost U.S. $2.3 billion
New White House estimates show that the projected costs of caring for and resettling child migrants from Central America could reach $2.28 billion next year — well over double what the administration asked for in its 2015 budget just months ago.
Bloomberg | Unstoppable $100 Trillion Bond Market Renders Models Useless
Just last month, researchers at the Federal Reserve Bank of New York retooled a gauge of relative yields on Treasuries, casting aside three decades of data that incorporated estimates for market rates from professional forecasters. Priya Misra, the head of U.S. rates strategy at Bank of America Corp., says a risk metric she’s relied on hasn’t worked since March.
Econ Comments & Analysis
WSJ | Fraudulent Government Accounting
This headline will strike many readers as redundant. But we're hoping that through repetition Members of Congress may be motivated to stop misleading their constituents about the cost of federal credit programs.
