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Budget

Budget

Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible

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Despite Republican claims, the new legislation would be only a modest corporate tax increase, Congress’s Joint Committee on Taxation found.
Budget

Democrats’ Climate Deal Isn’t Done Yet. Here Are the Remaining Hurdles.

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An agreement with Senator Joe Manchin III of West Virginia salvaged a key piece of President Biden’s agenda. But Democrats still have a few...
Budget

Democrats’ Plan to Fight Inflation May Lower Costs Over Time

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A package of tax increases, lower drug prices and other provisions aimed at reducing the federal budget deficit could alleviate rapid price gains.
Budget

How Joe Manchin Left a Global Tax Deal in Limbo

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Treasury Secretary Janet L. Yellen’s signature achievement is in jeopardy if the United States cannot ratify the tax agreement that she brokered.
Budget

Manchin Defends Retreat on Climate and Tax Plans, Calling for More Time

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It was the latest instance of the West Virginia senator, who has positioned himself as the chief impediment to his party’s priorities, dangling the...
Budget

Manchin Pulls Plug on Climate and Tax Talks, Shrinking Domestic Plan

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The West Virginia Democrat’s decision dealt a crushing blow to President Biden’s domestic agenda, effectively ruling out action on anything beyond prescription drug pricing...
Budget

Democrats Offer Plan to Cut Drug Costs, Seeking Climate and Tax Deal

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The drug-pricing plan was negotiated with Senator Joe Manchin III of West Virginia, but Democrats remain short of agreement on what else would be...
Budget

N.Y.C. Schools Are Forced to Cut Hundreds of Teachers as Funding Drops

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More than three-quarters of district schools have lost enrollment. “I’ve wiped their tears and assured them the future is hopeful even as I’ve told...
Budget

It’s Not Easy Being President

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But we do have a few suggestions.
Budget

The U.S. budget deficit is projected to fall to $1 trillion in 2022.

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The Congressional Budget Office provided an update on the path for deficits at a moment when the Federal Reserve is trying to cool the...
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