Kate DavidsonVerified account

@KateDavidson

Covering economic policy for The Wall Street Journal. Formerly . I'm the other .

Washington, DC
wsj.com/news/economy
Joined January 2009
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  1. 31 minutes ago

    That's not that unusual. The Biden administration's first budget is expected to be very late and very skinny for the reason Erik cites -- transition team had virtually no access to OMB before Jan. 20.

    2 retweets 6 likes
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  2. 35 minutes ago

    The Trump White House released its first "skinny" budget proposal on March 16, 2017.

    BUDGET: slams Biden for missing Feb. 1 deadline to submit fiscal 2022 budget proposal. Biden budget delayed in part because Trump refused his team access to OMB during transition
    2 replies 18 retweets 34 likes
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  3. 2 hours ago

    GDP expected to return to pre-pandemic level by mid-2021, aided by a surge of relief spending last year, CBO says. But output will continue to run below potential until 2025, and the # of employed workers won't get back to pre-pandemic level until 2024.

    2 replies 5 retweets 7 likes
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  4. Retweeted
    4 hours ago

    Glad to be part of this important conversation . Check out the research cited below:

    Targeting of stimulus checks is now a central piece of the debate over the Biden administration covid-relief plan. Reupping our weekend piece on the argument for relatively untargeted relief.
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  5. Retweeted
    Jan 31

    10 GOP senators press Biden to meet with them on a more modest Covid relief plan:

    3 replies 4 retweets 8 likes
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  6. Jan 28

    steal his look:
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    1 reply 1 like
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  7. Jan 28

    Wolf & Shepherd ads now following me all over the internet thanks

    2 replies 2 likes
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  8. Retweeted
    Jan 28

    The needs of the American people aren’t partial; we can’t do this piecemeal.

    The needs of the American people are urgent from putting food on the table, to getting vaccines out the door to reopening schools. Those aren’t partisan issues. We are engaging with a range of voices—that’s democracy in action—we aren’t looking to split a package in two.
    24 replies 162 retweets 748 likes
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  9. Jan 27

    <unmutes "gamestop">

    Yellen is "monitoring" the Gamestop developments, says "A good reminder though that the stock market" is not the only measure of our economy
    1 reply 2 retweets 26 likes
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  10. Retweeted
    Jan 27

    Latest Household Pulse Survey showing relatively flat employment since December.

    1 reply 5 retweets 14 likes
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  11. Retweeted
    Jan 27

    "The stock market isn't the only measure of the health our economy, it doesn't reflect how working and middle-class families are doing," says during the WH briefing.

    4 replies 23 retweets 62 likes
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  12. Jan 27

    Republican Tom Reed says very low rates = time to big on infrastructure.

    Reps. Debbie Dingell (D-Mich.) and Tom Reed agree on a major new infrastructure bill, with Reed attaching "a trillion dollar," price tag to it. “There is broad bipartisan support,” says Reed, adding, “With zero percent interest rates, now is the time.”
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  13. Retweeted
    Jan 27

    The South is leading the U.S. labor market’s recovery from the pandemic’s initial shock as the only major region with continued payroll growth at the end of last year while the rest of the country lost jobs. via

    5 retweets 5 likes
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  14. Retweeted
    Jan 27

    The IRS is basically done sending out stimulus payments. But if you didn't get the full amount you're eligible for, you can claim it through your 2020 tax return -- even if you don't normally file one. Here's how that works:

    7 replies 56 retweets 85 likes
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  15. Jan 27

    Janet Yellen spoke Wednesday with UK Chancellor of the Exchequer , Treasury says. They discussed shared priorities, including ending the pandemic, fighting inequality, addressing climate change, per readout.

    1 retweet 5 likes
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  16. Jan 27

    Guys I muted my first word on Twitter today. Any guesses?

    7 replies 1 retweet 6 likes
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  17. Retweeted
    Jan 27

    Good, simple, and clear thread by as to why money creation doesn’t necessarily equal inflation. Looking at the supply side is not enough — demand matters as well. The same explains why a high supply of Treasuries does not necessarily imply higher rates.

    An answer, in a thread, because others may gain something by it.
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    3 replies 7 retweets 21 likes
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  18. Retweeted
    Jan 26

    Many households have boosted their savings during the , and that pent-up demand is expected to propel economic growth once vaccines become widespread via

    1 retweet 1 like
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  19. Jan 27

    Me visiting family at Thanksgiving:

    Gonna have to revisit my answers to the ole tour Q&As. LOCAL REPORTER: So, you’ve been in the music business for a long time. What’s been the craziest part? ME: [leaning in] Do you follow fiscal policy at all?
    1 retweet 7 likes
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  20. Retweeted
    Jan 26

    And now I am dead.

    and
    387 replies 3,618 retweets 43,510 likes
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