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Keith Hennessey
Keith Hennessey
Your guide to American economic policy
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Understanding Cut, Cap, and Balance

Sometime this week the House of Representatives will consider Rep. Jason Chaffetz’ H.R. 2560, the “Cut, Cap & Balance Act.”

We are entering the arcane world of budget process, so this could be tough sledding. I will do my best to distill the…


Understanding the President’s new budget proposal

I will describe in some detail the President’s new budget proposal, then provide a few big picture reactions to it.

I have been keeping my recent posts fairly short. This one is instead more of a reference post, and it…


What is the Strategic Petroleum Reserve (SPR)?

Yesterday Meet the Press host David Gregory asked White House Chief of Staff Bill Daley if the President was considering releasing oil from the Strategic Petroleum Reserve (SPR):

MR. GREGORY: But what about the shorter…