Abby M. McCloskey is the program director of economic policy at the American Enterprise Institute (AEI) where she disseminates the work of AEI’s economic policy team. McCloskey also studies and writes about various financial services policy issues.
Immediately before joining AEI, McCloskey was director of research at the Financial Services Roundtable where she worked on financial regulatory reform, including Dodd-Frank and Basel III. McCloskey has also worked for US Senator Richard Shelby, and for the Mercatus Center as a Charles Koch Institute associate. While at Mercatus, she created and hosted a video series on financial markets issues.
McCloskey has a B.A. in economics from Wheaton College.
Obamacare exchanges have reached the administration's goal of seven million. But how can we tell who was previously uninsured? Are the young and healthy signed up? And with all of the changes made to the Affordable Care Act, can we truly trust it? AEI program director of economic policy Abby McCloskey explains that strides have been made, but the finish line is still in the distance.
The mandate was supposed to be the administration's magical elixir for the assorted shortcomings of the Affordable Care Act. But the individual mandate was never strong enough to force millions of Americans to buy insurance they did not want or could not afford.
It’s no secret that opportunity in the U.S. is staggeringly low. Studies suggest that mobility is lower in America than in other developed countries, and according to the Pew Charitable Trusts 70 percent of children born into poverty here will not make it to the middle class.
While the national conversation continues to focus on income inequality and the minimum wage, the level of opportunity for economic mobility in the United States is astonishingly low. This paper proposes several reforms to existing welfare and workfare programs and incentives for teenagers and youth to attain higher education.
Abby McCloskey testifies before the House Committee on Financial Services on the Federal Reserve’s responsibilities under the Dodd-Frank Act; how new rules are impacting consumers, particularly low-income consumers; and then turn to possible policy solutions.
The 50th anniversary of the War on Poverty should be a disappointment to anyone concerned about the poor. In 2012, the government spent nearly $1 trillion to help the poor, but roughly 50 million Americans still remained impoverished.