New from @nataliefoster.bsky.social on how the pending health care premium spikes are going to really impact young people, already feeling intense economic stress with a weak labor market and sky high housing costs.
www.nytimes.com/2025/10/05/o...
@asteephen.bsky.social
Ex-U.S. Treasury, always economic justice. Banking / Tax / Housing / Climate. They/Them. πNYC
New from @nataliefoster.bsky.social on how the pending health care premium spikes are going to really impact young people, already feeling intense economic stress with a weak labor market and sky high housing costs.
www.nytimes.com/2025/10/05/o...
(3/3) After a jobs report showing 32,000 private-sector losses in September, this is the worst time to pull investment. A serious leader keeps projects that cut bills and harden the system when electricity costs are rising. Trump is bad for business, bad for families, & bad for the American economy.
02.10.2025 22:05 β π 6 π 1 π¬ 0 π 0(2/3) Energy crosses state lines & party lines. Canceling grid upgrades, efficiency, storage, & heat pumps means higher monthly costs, longer outages, & fewer local jobs. Working families & frontline communities get hit first, but everyone pays for a weaker grid. More context in my TIME piece:
02.10.2025 22:05 β π 3 π 0 π¬ 1 π 0(1/3) Trump promised cheaper energy. But today his DOE is pulling $8B from projects that would lower costs and strengthen the grid, just as AI data center demand soars. That chills investment, slows construction, and leaves families & small businesses facing higher power bills and weaker reliability
02.10.2025 22:05 β π 5 π 4 π¬ 1 π 0i have said this before but when βgetting rid of race in admissionsβ for the administration means βyou canβt even try to reach out to underrepresented communities and encourage them to apply and if you do it is illegal discrimination against white peopleβ then the actual goal here is segregation
15.09.2025 12:16 β π 10612 π 3035 π¬ 128 π 75If you want to build a bunch of AI data centers, and also pull the rug out from under the wind, solar + battery industries that contributed **94%** of all new generation last year, you're gonna end up with an energy affordability crisis.
From @asteephen.bsky.social:
time.com/7312151/ener...
READ: ESP Fellow @asteephen.bsky.social breaks down why families are facing higher energy billsβfrom the rollback of clean energy incentives to the rapid growth of AI data centersβand how these shifts are raising costs for families.
29.08.2025 16:46 β π 4 π 2 π¬ 0 π 0NEW PIECE: Powell and the Federal Reserve System has already failed to meet the moment and not defending Lisa Cook will seal both Powell's and the Fed's fate.
www.crisesnotes.com/powell-will-...
i find this image so fascinating. it is both a literal example of authoritarianism but also a second-hand reproduction of the aesthetics of other authoritarian states. it's like a simulacra of authoritarianism whose purpose is to attempt to make the simulacra real.
28.08.2025 13:38 β π 23136 π 6327 π¬ 800 π 503Energy bills are rising nationwide, and Trump and the GOP are to blame. They rolled back clean energy incentives and greenlit an AI surge, pushing costs onto working families and deepening economic & environmental inequality. I break it down in TIME today: time.com/7312151/ener...
26.08.2025 11:39 β π 33 π 25 π¬ 0 π 2Dear journalists:
The President has not fired Lisa Cook. The President is *trying* to illegally fire her.
Your words shape peopleβs reality. Please be accurate in your reporting.
Trump posts a letter stating that he is removing Fed Governor Lisa Cook
26.08.2025 00:07 β π 1408 π 495 π¬ 294 π 354so okay! first piece out from me at Common Wealth
"Beyond Bidenomics: On what is living and what is dead in economic policy"
the argument is that progressives should take credit for the successful parts of the pandemic policy response and build the next Thing
www.common-wealth.org/perspectives...
NEW PIECE: I'm back, finally, and its a long one. Superficially this moment is a vindication for Central Bank Independence but at a deeper level, cutting the Fed off from its independent agency brethren is its death warrant.
www.crisesnotes.com/trump-vs-pow...
From airfare to rent, companies are using your data to jack up prices.
With your help, ESB experts @bedoyausa.bsky.social and @dohamekki.bsky.social will join @groundwork.bsky.social's @lindsayowens.bsky.social at @sxsw.com to break down these deceptive pricing practices and how to fight back.
π§LEVER TIME: Inside the Trump-Powell fight over Federal Reserve βindependence.β
Matt Stoller & Nathan Tankus on how the era of insulating the Fed from democracy has coincided with financial crises, bailouts & a huge upward transfer of wealth.
www.levernews.com/the-fight-fo...
The IRS said clergy and houses of worship should be allowed to make political endorsements, a potential move away from a 71-year-old policy that banned the mixing of religion and politics.
08.07.2025 15:15 β π 3199 π 1255 π¬ 1148 π 492Astoundingly good article from @asteephen.bsky.social on the role of taxation in a democratic society, and what the current US Government is doing to turn the IRS into their own instrument of political control.
www.crisesnotes.com/the-fiscal-s...
I have no words
07.07.2025 23:45 β π 47 π 12 π¬ 1 π 0Natural disasters are anything but. Nature may bring the storm, but policy choices decide who survives. Too many rural communities are left without the infrastructure, warning systems, or resources to keep people safe. Until that changes, lives will continue to be lost. My heart goes out to Texas.
07.07.2025 22:03 β π 2 π 0 π¬ 0 π 0NEW @crisesnotes.bsky.social PIECE: Today @asteephen.bsky.social & @iraregmi.bsky.social provide a 2nd installment in their series on DOGE at the IRS. Today's piece is on the so-called "modernization" of the IRS's legacy IT systems & the manifold dangers posed
www.crisesnotes.com/inside-doges...
As Republicans push a reconciliation bill that includes significant cuts to IRS funding donβt miss whatβs already underway: DOGE has laid off staff, rushed tech upgrades, and is pursuing access to + control of sensitive taxpayer data. More from me + @iraregmi.bsky.social in @crisesnotes.bsky.social
02.07.2025 11:58 β π 19 π 11 π¬ 0 π 0I know my colleagues already dropped this line (h/t: @brendanvduke.bsky.social ), but it bears repeating - there already exists a rural hospital fund and it is called:
π¨π¨MEDICAIDπ¨π¨
www.politico.com/live-updates...
Wild how the Fed chair saying that *entire regions of the United States* wonβt be able to get a mortgage in the next decade barely registered as a news event
18.06.2025 20:14 β π 16762 π 6792 π¬ 434 π 496Now that weβve seen the full Senate text, we can say for certain: either the House or the Senate version would be the largest transfer of wealth from the poor to the rich in a single law in history.
Each have the largest Medicaid and largest SNAP cuts ever. And each give huge tax cuts to the rich.
"This is not about eliminating bureaucracy, fraud, waste, or abuse. Itβs about repurposing it to serve a new model of power and breaking the chain of democratic accountability between Congress, the law, and the public."
Important, scary stuff.
Delighted to read @asteephen.bsky.social in @crisesnotes.bsky.social and unsurprisingly, completely in agreement. Read the whole thing!
12.06.2025 20:41 β π 12 π 5 π¬ 0 π 0Also read my @crisesnotes.bsky.social piece for context. www.crisesnotes.com/the-fiscal-s...
12.06.2025 19:37 β π 11 π 5 π¬ 0 π 0π¨ Kristi Noem confirms IRS agents are in LA βto help us track how these violent protestors are funded." She names βNGOs out there, unions, other individualsβ as possible targets. This is fiscal surveillance weaponized to silence dissent.π29:15 in the video stream.
12.06.2025 19:37 β π 397 π 209 π¬ 68 π 28If you're following the GOP tax bill disaster, my latest in @crisesnotes.bsky.social traces how this effort builds on a longstanding campaign to weaken the IRS and consolidate fiscal power in the hands of the wealthy. This is the first in a series on DOGE, taxes, and the future of public governance.
12.06.2025 14:37 β π 144 π 77 π¬ 1 π 11