Wendy Edelberg, senior fellow and director of The Hamilton Project at Brookings, discusses the positive impact of immigration on the dynamism and fiscal sustainability of the U.S. economy. She also explains her research on the impact immigrants have on local, state, and federal finances. As a whole, immigrants are a net benefit to the U.S. economy, but based largely on immigrants’ education levels, the fiscal cost is disproportionately paid by certain state and local areas. Together with co-author Tara Watson, Edelberg proposes a way to redirect some of the federal gains to these communities, piggy-backing on existing programs. Show notes and transcript Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.

Wendy Edelberg, a Senior Fellow in Economic Studies at the Brookings Institution and former economist for both the Bush and Obama administrations, joins the discussion. The conversation centers on Trump's proposed tariffs and their potential chaos for global trade and consumer prices. Wendy shares insights on how these tariffs could affect everything from avocado prices to employment in manufacturing. The talk dives deep into the motivations behind these policies, weighing their political implications alongside economic realities.

Sen. John Fetterman discusses Democrat division and Biden's 2024 campaign. Economists analyze inflation impact on Fed rate cut. Bank of America reveals credit card spending decline. Apple EU deal and Pepsi's slowed demand are highlighted.