Pentagon Fails Sixth Audit in a Row
Though federal law has required annual financial reports, the Department of Defense simply did not complete them until 2018. It has since failed each year.
Government Spending
Florida's Bloated Prison System Will Cost Billions To Maintain
Florida's mandatory minimum sentences created a large, elderly prison population. Now the bill is coming due.
Full Extent of COVID Fraud Will 'Never Be Known With Certainty'
A new GAO report details federal prosecutors' attempts to put the horse back in the barn.
Here's One Way To Move Toward Responsible Government and Sane Fiscal Policy
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
Government Gives Billions in Grants Each Year to Ivy League Universities
Some private universities receive more from the government than they net in tuition payments.
After Moody's Warning, Federal Officials Continue To Ignore Fiscal Reality
Moody's calculates that interest payments on the national debt will consume over a quarter of federal tax revenue by 2033, up from just 9 percent last year.
New Boss/Old Boss
Plus: Hamas and hospitals, Hamas and K-Mart, Randi Weingarten is very confused, and more...
The FBI Needs Downsizing, Not $3.5 Billion for a New Headquarters
Lawmakers from Maryland and Virginia fought over which state should house the new site rather than whether the bureau even needs so many agents.
Are Republicans Finally Getting Serious About Social Security?
This week's debate was the first signal that the party's next presidential nominee might actually understand the entitlement crisis.
The U.S. Needs a Fiscal Commission Because Congress Won't Do Its Job
In the last 50 years, when the budget process has been in place, Congress has managed only four times to pass a budget on time.
20 Years to Disaster
"The United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt."
Battle Lines Drawn
Plus: House GOP defies White House on Israel funding, Gaza City surrounded, SBF guilty, Republican under indictment seeks reelection
House GOP Threatens To Kill 'Baby YIMBY Grant' Program After First Year
The Democrat-controlled Senate meanwhile is proposing to expand the program.
Biden Threatens To Veto GOP Spending Bill That Would 'Cut' Amtrak Funding to Double Pre-Pandemic Levels
Amtrak has historically received $2 billion in federal subsidies each year. Under Republicans' "draconian" cuts, they'd receive over $5 billion next year.
Escalation in Gaza
Plus: Everyone's favorite congressman survives another day, the Senate passes spending bills, New York City goes to war on tourism, and more...
Is Chaos the Natural State of Congress?
The federal budgeting process was broken long before Matt Gaetz and Kevin McCarthy's recent spat.
Spending Recklessly in Good Times Is a Recipe for Disaster in Bad Times
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
87% of Americans Want Politicians To Do Something Before Social Security Runs Out of Money
Entitlement reform has long been considered a third rail in American politics, but that perspective might be changing.
Taking From IRS, Giving to Israel
Plus: Massive union wins, abortion rebrands, Silvio Berlusconi's nude-art collection, and more...
Biden Wants Another $56 Billion in 'Emergency' Spending
Congress is being asked to borrow more money to fund broadband access and other pet projects. Only about $9 billion would be spent on natural disaster recovery efforts.
Federal Agencies Maintain Offices That Sit Mostly Empty
A new Government Accountability Office report notes that of 24 federal agencies, none of their headquarters are more than half-staffed on an average day.
New Speaker Mike Johnson's First Good Idea: A Debt Commission
A debt commission won't solve any of the federal government's fiscal problems, but it's the first step towards taking them seriously.
You Can't Fix Him (the IRS)
Plus: Tanks in Gaza, quitting the DSA, Gen Z hates a sex scene, and more...
Democrats Say They're Fighting Inequality. But Many of Their Policies Favor the Rich.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
Taxpayers Bankroll Electric Vehicles Even as Fewer People Buy Them
Ford and General Motors have tempered plans for E.V. production, but governments still spend billions of dollars in incentives.
After Losing Billions to Scammers, This COVID Aid Program Won't Require All Loans To Be Repaid
But that decision seems to violate federal law.
Americans Learned a Lesson About Interest Rates. Washington Has Not.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
California Environmental Regulations Are Driving Truckers Out of Pennsylvania
The Golden State's new rules—which Pennsylvania's Environmental Quality Board opted to copy—will increase the cost of a new truck by about one-third.
Cities Want 'YIMBY Grants' To Pay for Bureaucratic Busy Work
Cities are asking for federal zoning-reform dollars to pay for plans that might never pass.
Wisconsin Politicians Want To Spend $550 Million on Ballpark Subsidies the Public Opposes
Just 24 percent of self-identified Trump voters and 34 percent of self-identified Biden voters say they support a public handout for the Milwaukee Brewers' 22-year-old stadium.
The COVID Bailout of State and Local Governments Was Unnecessary
Well over half of those funds remain unspent, according to a new Government Accountability Office report.
No, Low Interest Rates Did Not Justify Adding Trillions of Dollars to the National Debt
Especially because the once-dismissed possibility of rising rates is now a reality.
Inflation Won't Go Away Until Congress Gets the Deficit Under Control
The Federal Reserve's higher interest rates were supposed to trigger changes to fiscal policy. So far, that hasn't happened.
Forgive Us Our…Loans?
Plus: House speaker battles, a Jesus-themed Trump courtroom sketch, Eric Adams' travel plans, and more...
The Federal Government Spent $3.3 Billion on Office Furniture as Employees Worked From Home
The Department of Defense spent $1.2 billion on furniture between 2020 and 2022, although it only uses 23 percent of its office space.
Poisonous Atmosphere
Plus: Eric Adams vs. migrants, SBF is back, Arnold Schwarzenegger for speaker?, and more...
The Real Scandal in Washington Is the Government's Reckless Spending
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
The 'Whack Jobs' Were Right
Plus: A listener asks the editors to weigh in on a hypothetical executive order to establish an American Climate Corps.
Congressional Clown Show
Plus: Dianne Feinstein's replacement doesn't even live in California, New York's biblical floods, and more...
The Government Won't Shut Down
Shutdowns don't meaningfully reduce the size or cost of government, but they also aren't the end of the world.
Shut Up Already About John Fetterman's Slob Chic
The Senate is an incompetent laughingstock regardless of what its members wear.
Amazon Gets Sued Bigly
Plus: Trump commits fraud, a hacker house cooks steak, progressive movements can't stop failing, and more...
Shut It All Down
Plus: Nonessential government programs (all of them?), AI firefighting, tech-world hit pieces, and more...
Kansas City Made a Barbie-Themed Streetcar. It Cost Taxpayers $25,000.
Officials say that the "Dream Streetcar" is intended to boost ridership, even though the streetcar is free.
Taxpayers Will Pay at Least $600 Million for Tampa Bay's New Baseball Stadium
But will it solve the team's attendance woes? Probably not.
