Balance of Power

Senate Passes Shutdown Deal, House Readies Vote

Nov 11, 2025
Join Jared Bernstein, a senior economic policy fellow, as he dives into discussions about housing affordability and labor market trends. U.S. Representative Byron Donalds shares his rationale for voting to reopen the government and addresses healthcare priorities. Jeanne Sheehan Zaino critiques Republican healthcare proposals and explores the political implications for both parties. The trio dissect the complexities of ongoing funding negotiations, potential healthcare reforms, and the impact of Trump's economic rhetoric on public sentiment.
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ADVICE

Analyze Housing Fixes Deeply

  • Don't adopt headline-friendly housing fixes without detailed analysis of long-term costs and lender behavior.
  • Policymakers should "roll up their sleeves" and design targeted housing policies that reduce costs for owners and renters.
INSIGHT

Rebate Checks Would Be Costly And Risky

  • A tariff-funded $2,000 rebate would likely exceed current tariff revenues and prove politically costly.
  • Jared warns it would fight the Fed's anti-inflation stance and is unlikely to pass Congress.
INSIGHT

Job Market Showing Caution Signs

  • Private data suggest layoffs are accelerating modestly; trend is cautionary but not yet severe.
  • Bernstein expects unemployment to tick up a few tenths by year-end.
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