Edited by Kate Stoll, Senior Policy Advisor, MIT Washington Office
The Congressional Budget Office projected on January 25th, that the trend of declining budget deficits is over, with a significantly larger federal deficit expected in 2016, growing to nearly 5% of total GDP by 2026. (Source: Congressional Budget Office)
Energy and Environment
The World Economic Forum listed climate change as the world’s top economic risk in their “Global Risks Report 2016.” This is the first time an environmental factor has been so listed. (Sources: The Climate Post, World Economic Forum)
The National Science Board released its “2016 Science and Engineering Indicators,” on January 19th. The indicators are a key collection of R&D and innovation system data. Their results show strong growth in R&D investment in Asian nations, led by China which now undertakes 20% of the world’s R&D compared to the 27% held by the U.S. (Source: National Science Foundation)
Weekly news digests do not imply endorsement of any political positions, and are not intended to be comprehensive.