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Budget

Budget

The U.S. Has Made Big Climate Promises. Where’s the Money?

Ashish -
The latest spending bill in Congress contains far less money to help developing countries than President Biden had pledged. That fits a pattern.
Budget

I.R.S. Braces for Another Chaotic Tax Season

Ashish -
A shortage of staff and equipment has stalled America’s fiscal machinery.
Budget

Senate Passes 3-Week Spending Bill, Averting Government Shutdown

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The bill, which now goes to President Biden’s desk, will give lawmakers until March 11 to finalize a deal on spending levels for the...
Budget

House Passes Short-Term Spending Bill, Punting Again on a Deal

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Once the bill clears the Senate, senior lawmakers will have until March 11 to reach an agreement on how to fund the government for...
Budget

How Much Should You Fret About Rising Federal Debt?

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The federal government is borrowing cheaply, but its debt could reach a tipping point.
Budget

We Must Stop Showering the Military With Money

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America faces lots of challenges. A blank check for the Pentagon doesn’t help solve them.
Budget

Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds

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Treasury rates remain strikingly low, partly because of the safety government debt offers corporations and retirees. Whether that endures is crucial to federal spending.
Budget

U.S. National Debt Tops $30 Trillion as Borrowing Surged

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The record red ink, fueled by spending to combat the coronavirus, comes as interest rates are expected to rise, which could add to America’s...
Budget

Modern Monetary Theory Got a Pandemic Tryout. Inflation Is Now Testing It.

Ashish -
Modern Monetary Theory, the buzziest economic idea in decades, got a pandemic tryout of sorts. Now inflation is testing its limits.
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