David Wessel

Connecticut is the southernmost state in the New England region of the Northeastern United States. As of the 2020 United States census, Connecticut was home to over 3.6 million residents, its highest decennial count count ever, growing every decade since 1790. The state is bordered by Rhode Island to its east, Massachusetts to its north, New York to its west, and Long Island Sound to its south. Its capital is Hartford, and its most populous city is Bridgeport. Historically, the state is part of New England as well as the tri-state area with New York and New Jersey. The state is named for the Connecticut River which approximately bisects the state. The word "Connecticut" is derived from various anglicized spellings of "Quinnetuket”, a Mohegan-Pequot word for "long tidal river".

Haverford College is a private liberal arts college in Haverford, Pennsylvania. It was founded as a men's college in 1833 by members of the Religious Society of Friends (Quakers), began accepting non-Quakers in 1849, and became coeducational in 1980.

Economics is the social science that studies the production, distribution, and consumption of goods and services.

Eureka College is a private college in Eureka, Illinois, that is related by covenant to the Christian Church. Enrollment in 2018 was approximately 567 students.

The Hartford Courant is the largest daily newspaper in the U.S. state of Connecticut, and is considered to be the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven and east of Waterbury, its headquarters on Broad Street in Hartford, Connecticut is a short walk from the state capitol. It reports regional news with a chain of bureaus in smaller cities and a series of local editions. It also operates CTNow, a free local weekly newspaper and website.

Columbia University is a private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhattan, it is the oldest institution of higher education in New York, the fifth-oldest in the United States, and one of nine colonial colleges founded prior to the Declaration of Independence.

The Columbia University Graduate School of Journalism is located in Pulitzer Hall on the university's Morningside Heights campus in New York City.

Berlin is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constituent states, Berlin is surrounded by the State of Brandenburg and contiguous with Potsdam, Brandenburg's capital. Berlin's urban area, which has a population of around 4.5 million, is the second most populous urban area in Germany after the Ruhr. The Berlin-Brandenburg capital region has around 6.2 million inhabitants and is Germany's third-largest metropolitan region after the Rhine-Ruhr and Rhine-Main regions.

In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. Additionally, it is designed to try to keep GDP growth at 2%–3% and the unemployment rate near the natural unemployment rate of 4%–5%. This implies that fiscal policy is used to stabilise the economy over the course of the business cycle.

A public service or service of general (economic) interest is any service intended to address specific needs pertaining to the aggregate members of a community. Public services are available to people within a government jurisdiction as provided directly through public sector agencies or via public financing to private businesses or voluntary organizations. Other public services are undertaken on behalf of a government's residents or in the interest of its citizens. The term is associated with a social consensus that certain services should be available to all, regardless of income, physical ability or mental acuity. Examples of such services include the fire brigade, police, air force, and paramedics.

Boston, officially the City of Boston, is the capital and largest city of the Commonwealth of Massachusetts and the cultural and financial center of the New England region of the Northeastern United States. The city boundaries encompass an area of about 48.4 sq mi (125 km2) and a population of 675,647 as of 2020. The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Worcester, Massachusetts and Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States.

The Pulitzer Prize for Explanatory Reporting has been presented since 1998, for a distinguished example of explanatory reporting that illuminates a significant and complex subject, demonstrating mastery of the subject, lucid writing and clear presentation. From 1985 to 1997, it was known as the Pulitzer Prize for Explanatory Journalism.

The Great Recession was a period of marked general decline, i.e., a recession, observed in national economies globally that occurred from late 2007 to 2009. The scale and timing of the recession varied from country to country. At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations.

Ben Shalom Bernanke is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Fed, he was appointed a distinguished fellow at the Brookings Institution. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis, for which he was named the 2009 Time Person of the Year. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave. Bernanke was awarded the 2022 Nobel Memorial Prize in Economic Sciences, jointly with Douglas Diamond and Philip H. Dybvig, "for research on banks and financial crises", more specifically for his analysis of the Great Depression.

Liaquat Ahamed is an American author.

John Carroll Williams is the president and chief executive officer of the Federal Reserve Bank of New York, having also served as president of Federal Reserve Bank of San Francisco from 2011 to 2018. He is currently serving as vice chairman of the Federal Open Market Committee.

Donald Lewis Kohn is an American economist who served as the 18th vice chair of the Federal Reserve from 2006 to 2010. Prior to his term as vice chair, Kohn served as a member of the Federal Reserve Board of Governors, taking office in 2002. Fed's veteran, he retired after 40 years at the central bank, currently serving on the Financial Policy Committee for the Bank of England and as a Senior Fellow at the Brookings Institution.

The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.

Michiko Kakutani is an American writer and retired literary critic, best known for reviewing books for The New York Times from 1983 to 2017. In that role, she won the Pulitzer Prize for Criticism in 1998.

The government budget balance, also alternatively referred to as general government balance, public budget balance, or public fiscal balance, is the overall difference between government revenues and spending. A positive balance is called a government budget surplus, and a negative balance is a government budget deficit. A government budget is a financial statement presenting the government's proposed revenues and spending for a financial year. A budget is prepared for each level of government and takes into account public social security obligations.

Jason Furman is an American economist and professor at Harvard University's John F. Kennedy School of Government and a nonresident senior fellow at the Peterson Institute for International Economics. On June 10, 2013, Furman was named by President Barack Obama as chair of the Council of Economic Advisers (CEA). Furman has also served as the deputy director of the U.S. National Economic Council, which followed his role as an advisor for the Barack Obama 2008 presidential campaign.