Biden’s Economic Development Bet, Ending AIDS, and More

March 8, 2023

America's recent big spending bills – the American Rescue Plan Act, the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act – show a recommitment to broad public investment, but they also authorize more than $80 billion for direct investments in specific U.S. places and regions. Mark Muro explains why this new "place-based industrial strategy" merits serious consideration as a compelling approach to economic development.

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In sub-Saharan Africa, adolescent girls and young women are three times more likely to be infected with HIV than boys and men of the same age. Tackling inequalities like this will be critical to end AIDS. In a new Foresight Africa Viewpoint, UNAIDS Executive Director Winnie Byanyima shares four practical measures for leaders to take.

In January, the Biden administration proposed new rules for income-driven repayment plans for federal student loans. How costly is the plan for U.S. taxpayers? Who benefits from the reduced loan payments? And what are the economic effects? These questions remain unanswered, Adam Looney argues.

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