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Political contributions generate access and influence for firms, but their public visibility exposes firms to reputational risk. We study how firms adjust their political spending when the reputational cost of political ties rises sharply. To identify this response, we exploit fatal school shootings and mass shootings as exogenous shocks to the salience of gun violence…

Record of the Financial Policy Committee meeting on 26 June 2026 Headline judgements and policy actions Overall summary Vulnerabilities in risky asset valuations, sovereign debt markets, and risky credit markets, including in private credit, previously highlighted by the Financial Policy Committee (FPC) remain, and some have become more pronounced since the December 2025 Financial Stability…

Pennsylvania lawmakers are considering HB 1678, a proposal to extend the Commonwealth’s existing telecom gross receipts taxGross receipts taxes are applied to a company’s gross sales, without deductions for a firm’s business expenses, like compensation, costs of goods sold, and overhead costs. Unlike a sales tax, a gross receipts tax is assessed on businesses and applies to transactions at…

Wednesday, May 20, 2026 GAO Has Found New Ways to Save the Federal Government Billions of Dollars Over the years, GAO’s work has helped save taxpayers billions of dollars by reducing duplication, overlap and fragmentation in programs. Each year, we issue a report that highlights this work. On this episode of the Watchdog Report—we’ll talk…

Jared Jageler and Willow Latham-Proença, both formerly of CBO, contributed to an earlier version of this work. For helpful comments on this paper and related work, we are grateful to Pierre Azoulay, Enrico Berkes, Aaron Betz, Devrim Demirel, Douglas Elmendorf, Andrew Fieldhouse, Nathan Goldschlag, Daniel Gross, Benjamin Jones, Joseph Kile, Jeffrey Kling, Junghoon Lee, Donald…

en English Human Development Jul 21, 2026 Christopher Marquis A new executive order on regenerative agriculture might seem to suggest that US President Donald Trump’s administration wants to help American farmers. But a closer look at the order and other recent developments…