Recent money laundering cases in Texas have left behind a trove of documents that open a window into the methods used by Mexican kleptocrats. They also reveal what the U.S. can do to strengthen its financial system against such illicit activities.
With the 2023 debt-ceiling negotiations under way, a new issue brief from John Diamond, director of the Center for Public Finance, and Autumn Engebretson looks at the effectiveness of the Budget Control Act 2011, enacted in response to the 2011 debt-ceiling crisis. Did it in fact control the budget? And could similar legislation work now?
John W. Diamond, Autumn EngebretsonFebruary 16, 2023
In the second brief of a two-part series on the Chinese Communist Party's 100th anniversary, the author examines the rhetoric of China's president, Xi Jinping, and his deeply nationalistic vision of a unified country that erases ways of being Chinese that do not conform to that of the Han majority.
While the recent fiscal troubles in Greece have received much attention, the U.S. fiscal position is hardly comparable to that of Greece. However, the United States is experiencing, and will continue to experience, one of the fundamental economic costs of relatively large and persistent deficits.