Justin Marlowe is a Research Professor in the University of Chicago Harris School of Public Policy. His research and teaching are focused on public finance, with emphasis on public capital markets, infrastructure finance, state and local budgeting, and financial disclosure. He currently serves as Editor-in-Chief of Public Budgeting & Finance.
May 10th, 2023 | 39 mins 31 secs
accounting, debt default, finance, governments
As the US slips closer – again – to the threat of default, one of the ways policymakers talk about delaying the crisis is the use of “extraordinary accounting measures.”
We quickly jump into why extraordinary accounting measures is not really "a thing", how the federal and looming economic crisis will affect state and local government and we also get into the weeds of how governments on adopting XBRL for financial reporting.