Budget Deficit Now Expected To Near $4 Trillion This Year
And more coronavirus stimulus spending could send that number soaring higher.
And more coronavirus stimulus spending could send that number soaring higher.
Unclear terms, unrealistic loan forgiveness, a site unprepared for launch, and a bottomless demand for cash
Glenn Fine was abruptly removed from his post without explanation.
President Donald Trump, Majority Leader Mitch McConnell, and Speaker Nancy Pelosi all agree that a fourth spending bill will happen in April but are haggling over the cost.
The election committees of both parties use the same language to attack Rep. Justin Amash (I–Mich.).
The Club for Growth prides itself on holding lawmakers accountable "by publicizing their voting record." Except, well…not right now.
"We have the capacity to keep this contained," Mayor Bill de Blasio told New Yorkers on March 2.
A lot of industries and individuals are suffering right now. A select few corporations are getting big bailouts.
Plus: civic dynamism on display, Justice Department embraces home detainment of federal prisoners, and more...
Plus: COVID-19 in prisons and jails, Trump campaign threatens TV stations, state disparities in new coronavirus cases, and more...
"Americans need fast, direct relief," says Justin Amash.
The public transit bailout is spiraling out of control.
Lawmakers are still seeking a compromise.
The coronavirus is going to crater tax revenues and hike spending. And the Congressional Budget Office says the deficit was going to exceed $1 trillion even before all that.
It requires companies to allow its workers to take paid sick leave, unless the business employs more than 500 people. What?
The disease will leave behind a residue of laws, spending, and precedents for future government actions.
The House bill seems to be more focused on leveraging political points than fighting coronavirus. Republicans can relate.
If it works at all (and it usually doesn't), a fiscal stimulus is meant to boost demand. The biggest potential economic problem from coronavirus has to do with supply.
There was a deficit of debt talk at the conservative conference.
Instead of taking a little off the top, Trump needs to give farm subsidies a buzz cut.
"Absent policy changes, the federal government continues to face an unsustainable long-term fiscal path," America's top auditor warns. But is anyone listening?
Federal outlays per person have increased $1,441 since 2016, to a grand total of $14,652 per person.
It’s a testament to fiscal irresponsibility.
Plus: Josh Hawley's latest terrible idea, sex work divides NOW, Gary Johnson's 2020 endorsement, and more...
The federal government is not a good steward of your money.
The president likes things big, so that apparently applies to government budgets too.
The "Moving Forward Framework" includes some sensible reforms alongside expensive, dubious policy proposals.
The Government Accountability Office says Trump's spending delay was illegal.
America will have to pay for its spending spree and its wars.
Federal budget deficits continue to grow despite a thriving economy
Neither party is serious about reining in spending. This is unsustainable.
Kansas City wants everyone except bus riders to pay for bus rides.
This is why we can't have serious conversations about government spending.
Budget negotiations offer lawmakers the opportunity to ditch tax carve-outs and cut spending.
But at least they had enough tax dollars left over to buy a Bob Dylan-made sculpture for the U.S. embassy in Mozambique, and to get zebrafish addicted to nicotine in London.
The Homes for All Act misdiagnoses the roots of the country's housing problems, then adds a boundless faith in the feds' ability to solve them.
Despite the failure, Pentagon officials are spinning the audit as a step in the right direction.
Episode 8 of Free Speech Rules by UCLA Law Professor Eugene Volokh
Dramatic increases in federal spending will not “unlock access” for the poor. It will only help those with the right connections.
The Democratic candidates are making promises they can’t deliver.
In three years in office, Trump has added more to the national debt than President George W. Bush did in his entire two terms.
The entrepreneur argued instead for a federal universal basic income proposal that would provide every American $1,000 a month.
If Trump threatened to withhold aid funds in order to pressure Ukraine into investigating Joe Biden and his son, he undermined Congress' power of the purse. It's an important aspect of the Ukraine scandal that has so far been largely ignored.
Climate strikes, "Medicare for All," national security whistleblowers, and Canadian blackface scandals are all distractions from D.C.'s core function: spending more money than we have.
The progressive agenda assumes that no amount of taking will ever lead to less earning.
What last week's town hall tells us about this week's presidential debate—and about the state of Democratic policy thinking
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