OPEC+, which is led by Saudi Arabia and Russia, announced this week that it is cutting oil output by 1.2 million barrels per day starting in May. This amounts to removing roughly 1% of oil from the global market. Our experts discuss the far-reaching consequences of this move for U.S. gas prices, American energy security, and U.S.-Saudi relations.
David M. Satterfield, Mark Finley, Jim Krane, Kristian Coates UlrichsenApril 5, 2023
Social media influencers can earn hundreds of thousands or even millions of dollars each year. But how do they get taxed? In this issue brief, public finance fellow Joyce Beebe explains what tax rules apply to influencers and how tax authorities can improve tax compliance.
March 10 marked the deadline for filing bills in the 2023 Texas legislative session. Now, Texas state lawmakers are gearing up to discuss property taxes, school safety and other issues that have emerged as high-priorities for the House and Senate. Here, we discuss what bills are expected to cause friction and what else to look for in the current session.
David M. Satterfield, Edward M. Emmett, Mark P. JonesMarch 28, 2023
Driven by the USMCA trade agreement and seeking to reduce supply chain disruptions, Chinese companies are setting up shop in Mexico, closer to major U.S. markets. In this issue brief, fellow David Gantz explains the pressures behind this investment and the likely impacts on the North American economy.
On March 20, 2003, U.S. air and ground forces invaded Iraq under the direction of former President George W. Bush. Ambassador Satterfield discusses lessons learned from the U.S. diplomatic and military strategy following the tragic events of 9/11 that led to the invasion of Iraq in 2003.
David M. Satterfield, Kristian Coates UlrichsenMarch 20, 2023
In March 2023, four U.S. citizens were kidnapped at gunpoint in northern Mexico; two were found dead and two others were rescued following a manhunt. The incident quickly became an international crisis and renewed U.S. focus on violence south of the border. This conversation explores the binational relationship between the U.S. and Mexico and growing tensions regarding Mexico’s approach to clamping down on violence and crime.
The number of migrants crossing the U.S.-Mexico border far exceeds the immigration system’s capacity, and the flow is not stopping. In this brief, visiting scholar Katia Adimora talks to experts in the field about what the real issues are and how best to solve them.
In the United States, drug overdose deaths are on the rise. In 2022, CDC researchers reported that 110,236 people died from an overdose in a single 12-month period, setting a new record. Synthetic opioid overdose deaths, primarily due to fentanyl, increased nearly 7.5-fold from 2015 to 2021. In Texas, the number of fentanyl-related deaths rose dramatically — from 883 deaths in 2020 to 1,672 deaths in 2021. While Republican lawmakers in Texas have previously opposed harm reduction policies, many have signaled a desire to take policy action to combat the crisis in the 2023 legislative session.
David M. Satterfield, Edward M. Emmett, The Honorable Ed Gonzalez, Katharine Neill Harris, The Honorable Kim OggMarch 8, 2023
The pandemic spurred a rollercoaster of quick, subsequent economic events in three years that might normally occur across three decades: record unemployment, a brief recession, federal assistance, highest inflation since the 1980s, interest rate increases, and in 2023, concerns regarding a looming recession. Some U.S. consumers have dealt with the aftermath of this whiplash by shifting their spending and saving behaviors. Our experts discuss U.S. consumer trends since the pandemic — what’s stayed the same, new phenomena, and notable policy developments.
David M. Satterfield, Joe Barnes, Joyce Beebe, John W. DiamondMarch 1, 2023