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With today’s uncertain economic environment and a substantial change in the makeup of government, either action or inaction on any particular issue may have important consequences. In recent years, annual appropriations have been late, and debt-limit crisis has been just around the corner; that pattern continues to this day.
The President has sought to move the ball wherever possible, sometimes stretching past norms, and the Congress has determined to stymie him to maintain its principles and to achieve political advantage. Now, we will have government controlled by one party, but with a President unlike any in recent history, with no experience in government. What does this election outcome portend? How will the election affect business uncertainty and how will our next president's proposed changes to fiscal policy impact the economy? We will look at early signs for these issues.
Brian Schaitkin is a Senior Economist in U.S. Economic Outlook & Labor Markets at The Conference Board. He is part of a team working to expand The Conference Board’s previous work on labor shortages. In addition, he will be leading efforts to expand coverage of regional economies in the...Full Bio
Joseph J. Minarik
Joseph Minarik was the chief economist of the Office of Management and Budget for the eight years of the Clinton Administration, helping to formulate the Administration’s program to eliminate the budget deficit, including both the Omnibus Budget Reconciliation Act of 1993 and the bipartisan...Full Bio
Ataman Ozyildirim, Ph.D.
Ataman Ozyildirim, PhD, is the director of economic research and global research chair at The Conference Board. He specializes in the development of economic indicators and in forecasting aggregate economic activity worldwide. He also oversees The Conference Board’s Global ...Full Bio