Economics & Economy

The federal budget released today is pretty much a fantasy document that will be dead on arrival when it gets to Congress, economists say. But even scaled back, proposed budget cuts to Medicaid, food assistance and other programs for the poor are likely to tear a hole in the safety net the likes of which we haven't seen in years. For many nonprofits and advocacy groups, cuts like that are good for nothing but raising awareness and money.

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The Trump administration in its budget proposes to sell off half of the country's strategic reserve of crude oil. The idea is that putting more than 300 million barrels of energy onto the market could raise more than $16 billion over the course of a decade. Proponents note that the oil market is more open, and the U.S. produces more of its own crude than in the 1970s, when the Strategic Petroleum Reserve was created. As for the thinking behind keeping up a big oil stockpile? We are still very much an oil-dependent nation, and our domestic supply doesn’t meet domestic demand.

The Trump budget’s fuzzy math

May 23, 2017

The Trump administration's budget proposal is coming under fire from economists and tax experts who say it uses some math that just doesn't add up. In short, there’s a roving $2 trillion in it that nobody can really explain.

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18: A source familiar with the matter

May 23, 2017
Kai Ryssdal and Molly Wood

The Trump administration has released its proposed budget, and supply side economics is back on the menu. Plus, Mollie Hemingway of The Federalist recently wrote an article about why readers should be careful with anonymous sources, so we got her on the program to explain.

Penn Station is drag for commuters and the economy

May 23, 2017
Ryan Kailath

The busiest stretch of road in the entire country is Interstate 405 in Los Angeles, which carries more than 350,000 drivers a day, according to the U.S. Department of Transportation. But on the East Coast, a single train depot handles nearly twice as many people every day.

New York’s Penn Station is stretched past capacity, with two train derailments in the last month, track closures, delays and cancellations.