Thomas Savidge
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Financial
Mission Creep: The Fed’s Foray Into State and Local Debt
Five years ago, The CARES Act authorized the Federal Reserve to create emergency lending facilities in the name of aiding…
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Financial
Enabling Bad Behavior: The Federal Reserve’s Municipal Liquidity Facility in Retrospect
The Municipal Liquidity Facility (MLF), provided aid to fiscally distressed state and local governments. For the first time in its…
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Financial
Chicago Public Schools Now Have a Junk Credit Rating. What’s Next?
On August 28, 2025, Chicago Public Schools (CPS), the fourth-largest school district in the US, passed a $10.2 billion budget…
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Financial
Render Unto Caesar? Even the Pope Faces Confusion Complying with US Taxes
Any practicing Catholic will tell you that Pope Leo XIV answers to a higher power, but none would say that…
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Financial
What Moody’s US Credit Downgrade Means for You
On May 16, Moody’s Ratings downgraded the US government’s long-term issuer and senior unsecured ratings from Aaa (the highest possible…
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Financial
Do the Rich Pay Their Fair Share of Taxes?
Research Fellow Thomas Savidge digs into tax data to answer a frequently echoed question.
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Financial
Congress Continues Push to Restrict Credit Access
Last December, I wrote about Senators Hawley and Sanders’ call to cap credit card interest rates at 10 percent. This…
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Financial
Financing the Federal Government: How Government Takes & Spends Your Money
This Explainer will cover where the government takes revenue from, how it spends those dollars, how it prioritizes spending, and…
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Financial
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Financial
Resolutions for the Fiscal New Year
"Many lawmakers in DC make resolutions to be more fiscally responsible, but much like our New Year’s resolutions, they rarely…
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