In the News
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
Enough firms do this, and it can result in market power- and profit-driven inflation, or what economists Isabella Weber and Evan Wasner call “sellers’ inflation.” Moreover, once prices settle at the new, higher level, firms can tacitly collude to keep them there — for example, through public communications on earnings calls, as Groundwork Collaborative’s Lindsay Owens points out.
Many lauded the debt default aversion as a commendable effort in bipartisanship. The full context, may not be as rosy as it seems. Lindsay Owens says, “I don’t think there’s any virtue in this bipartisan deal coming together. There’s nothing for either party to be boasting about. There’s no sort of glory in the fact that it is bipartisan. Owens says, “We should not be in a position where the American government is getting within a week of defaulting on its obligations.”
Could the debt limit be suspended for a longer period of time or eliminated altogether? “The answer is absolutely one hundred percent,” says Lindsay Owens, Executive Director of the Groundwork Collaborative, a left-leaning think tank in Washington. “There is no sort of glory in the fact that it is bipartisan. You know, we should not be in a position where the American government is getting within a week of defaulting on its obligations.”
The two-day conference will feature brand-new polling on youth voters and keynotes from leading economic voices, including OMB Director Shalanda Young, Rep. Delia Ramirez, MN Lt. Gov. Peggy Flanagan, and Georgetown Prof. Dorothy Brown
The team at Groundwork Collaborative is thrilled to share our new look and website.
“The debt ceiling is not about future spending but paying down debts for spending that has already been incurred. This lifting of the debt ceiling has absolutely nothing to do with the progress of fiscal matters.” Owens said that in the debt limit agreement, the Biden administration agreed to Republican demands to cut about $21.4 billion in funding for the Internal Revenue Service.
“The increase in Black unemployment from 4.7 percent to 5.6 percent is the canary in the coal mine for the rest of the economy. The historic gains we’ve seen for Black workers were always fragile, and we’re seeing what happens when the Fed raises rates 10 times in a row,” economist Rakeen Mabud of the progressive think tank Groundwork Collaborative wrote online.
Many experts believe that this is possibly one of the most dangerous and futile standoffs on raising the debt ceiling that the U.S. government has engaged in, but an agreement was struck between the White House and the Republican leadership, and Congress has the last word. Lindsay Owens from Groundwork Collaborative joins the panel to discuss.
Lindsay Owens, the executive director of the Groundwork Collaborative, a progressive nonprofit, also said in a statement Saturday that funding freezes were better than cuts, but still “nothing for lawmakers to boast about.” “After inflation eats its share, flat funding will result in fewer households accessing rental assistance, fewer kids in Head Start, and fewer services for seniors,” Owens said.
“Please, let’s try a different approach in 2025, whether that’s unilateral from the start or Democrats starting from a position of strength by advancing their own proposal,” said Lindsay Owens, the executive director of the Groundwork Collaborative, a left-leaning think tank. “We got through this by the skin of our teeth."