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News Coverage Feb 16, 2023

The Fiscal Times: “A new twist in the GOP feud over Social Security cuts”

“Wendy Edelberg, director of the Brookings Institution’s Hamilton Project on economic policy, noted that the inability to work out an agreement on the budget comes down to basic questions about values and purpose. ‘We have fundamental disagreements in this country over what we value in our federal government,’ she said. ‘These are not, at the end of the day, problems for technocrats or even economists to solve. These are political.’” 

News Coverage Feb 11, 2023

The New Yorker: “Does the president have control over inflation?”

“Wendy Edelberg, the director of the Hamilton Project and a senior fellow in economics at the Brookings Institution, agreed. ‘It’s true, the American Rescue Plan was very large and untargeted and included checks to households that probably weren’t in terrible financial shape,’ she said. ‘Directionally, I’m very confident the American Rescue Plan boosted inflation.’ At the same time, she went on, ‘I’m also confident it lowered unemployment and took a lot of kids out of poverty, and did a lot of good.’” 

News Coverage Feb 1, 2023

Kansas City Star: “Hawley wants to shield Social Security, Medicare from debt ceiling talks. Experts say it won’t work”

“‘It pretends that Social Security recipients and Medicare recipients are not actually part of a broader economy that would be completely hammered by this incredibly irresponsible action,’ said Wendy Edelberg, a senior fellow in economic studies at the Brookings Institution, a Washington-based policy think tank. ‘Like, you don’t think all of those Social Security recipients are going to care when the stock market crashes?’” 

News Coverage Jan 31, 2023

USA Today: “Amid debt ceiling standoff, why Joe Biden is refusing to negotiate with Republicans”

News Coverage Jan 28, 2023

Talking Points Memo: “What defaulting on our debt would actually look like”

“‘If it goes on for a couple of days and there’s a big stock market reaction, we probably see a big reaction in interest rates and the Federal Reserve tries to step in to keep things from getting too haywire,’ Wendy Edelberg, a senior fellow in Economic Studies at the Brookings Institution, told TPM. ‘If Congress does not seem to be being disciplined by this reaction — if that’s not enough to unclog things — then I think things go south pretty fast.’” 

News Coverage Jan 27, 2023

Marketplace: “Savings are up, spending is down. Are consumers better off or just nervous?”

“Even though people saved a little more last month, they didn’t save that much. Wendy Edelberg at The Brookings Institution said that’s actually a good sign. ‘The saving rate itself is very much affected by what’s happening to household wealth,’ Edelberg explained. ‘So it’s not unusual for the saving rate to be super low when housing wealth is really high and when stock market wealth is doing well.’ Which is the case right now.” 

News Coverage Jan 23, 2023

C-SPAN Footage of White House Press Briefing: “Press Briefing by Press Secretary Karine Jean-Pierre and Secretary of Energy Jennifer Granholm”

“Larry Summers, former Treasury Secretary, that many of you speak with: ‘A default would be catastrophic [a catastrophe].  It would mean higher borrowing cost forever.’ And lastly, Wendy Edelberg from Brookings: ‘It’s playing a game with the U.S. economy and people’s lives that I think is irresponsible.’” 

News Coverage Jan 19, 2023

POLITICO: “The doomsday clock on the debt limit is ticking”

“The government’s increased interest costs haven’t jumped to the same extent, said Wendy Edelberg, director of The Hamilton Project at the Brookings Institution and a former chief economist at the Congressional Budget Office. ‘There’s not going to be a ton of debt that’s rolled over to these higher rates,’ she said, estimating that the average interest rate paid by the U.S. is still 2 percent, not significantly higher than what CBO projected last May.” 

News Coverage Jan 18, 2023

The New York Times: “Understanding America’s greatest vulnerabilities”

“[Erica] Fuchs testified before Congress about technology assessment in 2020 and 2021, wrote a policy brief in 2021 titled ‘What Is a National Technology Strategy and Why the U.S. Needs One’ and elaborated on the analytical capacity that would be required in a policy proposal last year for the Brookings Institution’s Hamilton Project. The goal is not picking winners and losers but ‘spending our limited national dollars on the right problem,’ she wrote in her 2021 brief.”