All Posts Tagged: Affordable Care Act

U.S. Outlook: Where there is smoke, is there fire?

Scott Anderson
Chief Economist

There has been much activity in Washington unrelated to tax reform from congressional hearings on Russian entanglements to a delayed House vote on a replacement for the Affordable Care Act.

Busy street view of US Capitol from a few blocks away.Risks that the new administration and Congress could get side-tracked from their tax cut, infrastructure, and deregulation agenda are on the rise.

For more on these developments, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on March 24.

Key observations:
  • Our working assumption is that Congress won’t get around to infrastructure or deregulation until 2018.
  • In President Trump’s “skinny” budget for FY2018, 15 of 20 major federal agencies would see budget cuts, three would see increases, and two would be unchanged.
  • This skinny budget is in line with our previous assumptions and won’t have an impact on our near-term economic forecast.
  • We have scaled back modestly our 2017 forecasts for oil prices, the U.S. dollar, and long-term interest rates.
Click here to read my full report. Read More ›

Customer Wise: Core mission helps in managing through uncertainty

Michelle Di Gangi
Small Business Banking
Donald and Loraine Sanchez in their physical therapy facility.

Running a small business can be fraught with uncertainty. Just ask Donald and Loraine Sanchez, owners of Paradigm Physical Therapy and Wellness in New Mexico.

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U.S. Outlook: Purchasing Manager Indexes soften in June

Scott Anderson
Chief Economist
Graph showing recent dip in manufacturing capacity.

Indicators for manufacturing and service businesses have softened, slowing business activity as the second quarter closes.

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