Regardless of the outcome of the U.S. election, policymaking in 2025 and beyond will play out in an environment shaped by the federal budget deficit and national debt. The current state of fiscal policy has been exacerbated by federal spending related to the COVID recovery response. As it stands, under the projections from the Congressional Budget Office (CBO) the federal budget deficit in 2024 will come in at $1.9 trillion, which is 7 percent of GDP. That compares to the 3.7 percent GDP deficits have averaged over the past 50 years. Federal debt as measured against GDP is 99 percent this year. In short, the U.S. government owes nearly as much money to creditors as there is money in the entire U.S. economy. Moreover, debt is f...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.