Date | Title | Description |
24.10.2024 | The Political Tightrope: Trump’s Shifting Stances and Harris’ Closing Argument | In the world of politics, positions can shift like sand in the wind. Donald Trump, a master of reinvention, has changed his stance on several key issues as he campaigns for the presidency in 2024. Meanwhile, Vice President Kamala Harris is ... |
23.10.2024 | National Politics | 5 times when Donald Trump changed his stance on an issue | Here is a look at some of his clearer, more consequential policy shifts:Abortion
What he said then: “Unborn children have never had a stronger defender in the White House.” (in 2020)
What he says now: “My administration will be great for wo... |
23.10.2024 | National Politics | Here are 4 campaign promises from Trump. What are their chances if he wins? | Trump — who also has pledged to exempt tips and overtime pay from taxation — began floating the idea of eliminating taxes on Social Security during rallies and on his Truth Social account this summer.Related Articles
National Politics | Har... |
18.10.2024 | US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record | U.S. MarketsUS budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record
By David LawderOctober 18, 20248:56 PM UTCUpdated ago
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16.10.2024 | Editorial: We Applaud Trump’s Crypto Efforts Though His Record, Rhetoric Raise Red Flags
Bitcoin Jumps Above $67K to Nearly a Three-Month High | If CoinDesk were in the business of endorsing political candidates and if crypto were the only issue that mattered, it's pretty clear whom we would back to become the next U.S. president.
After all, former President Donald Trump has spoken ... |
07.10.2024 | National Politics | New analysis suggests national debt could increase under Harris, but it would surge under Trump | Neither candidate has meaningfully stressed budget deficit reduction in their pitch to voters. But multiple analyses show a clear difference of Harris being much more fiscally responsible than Trump.
Harvard University professor Jason Furma... |
04.10.2024 | National Politics | Child care burst into the national spotlight at the Vance-Walz debate. Here’s why | But this diagnosis of the child care market as a simple supply-side problem conflicts with how child care experts see it.
“It reveals a fundamental misunderstanding of the child care problem because it’s a broken market,” said Kathryn Anne ... |
05.09.2024 | National Politics | Trump tax cuts would cost more than almost all federal agencies | Harris is continuing to roll out policy ideas piecemeal, which could add to that total. On Tuesday, she called for an expanded deduction for start-up businesses and her campaign has signaled that more policy plans could be released in the c... |
04.09.2024 | National Politics | Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy | The economy has historically been a dominant issue in presidential elections. In an August survey by The Associated Press-NORC Center for Public Affairs, Trump did narrowly better on the economy with 45% saying he would handle it better and... |
23.08.2024 | National Politics | Fact-checking Day 4 of the Democratic National Convention | But he hasn’t been definitive about that. In an April interview with Time, Trump was asked if that blanket 10 percent tariff was his plan. He responded, “It may be more than that. It may be a derivative of that.”
At a recent rally in North ... |
22.08.2024 | National Politics | Fact-checking Day 3 of the Democratic National Convention | Abortion ban
After predicting that Trump and Vance would “gut Social Security and Medicare,” Walz repeated the outdated claim that “they will ban abortion across this country with or without Congress.” Trump used to support that position, b... |
20.08.2024 | National Politics | Fact-checking Day 1 of the Democratic National Convention | The unemployment rate was 6.4 percent the month of Biden’s inauguration, above the historical norm of 5.6 percent, which is the median rate for all months since 1948.
As FactCheck noted before, that rate would have been higher if millions o... |
14.08.2024 | The Tax Tango: Trump, Harris, and the Tipping Point | In the political arena, proposals often dance like leaves in the wind. They flutter, twist, and sometimes crash to the ground. Recently, two prominent figures, Donald Trump and Kamala Harris, have taken center stage with their proposals to ... |
14.08.2024 | National Politics | Trump, Harris duel for voters with budget-busting tax proposals | “The tit-for-tat here is amazing,” said Marc Goldwein of the Committee for a Responsible Federal Budget in an interview with Bloomberg’s Balance of Power.
“Joe Biden wants a child tax credit, so JD Vance wants a bigger child tax credit. Don... |
13.08.2024 | National Politics | Why Trump’s and Harris’ proposals to end federal taxes on tips would be difficult to enact | Harris’ campaign has said she would work with Congress to draft a proposal that would include an income limit and other provisions to prevent abuses by wealthy individuals who might seek to structure their compensation to classify certain f... |
11.08.2024 | Editorials | Views from the nation’s press | The Chicago Tribune on how Trump’s election-year sweeteners could bring sour results:
At the Republican National Convention, we heard Donald Trump discuss an encounter with a Nevada waitress.
The swing-state server told her customer, the fo... |
28.06.2024 | National Politics | Fact-checking the Biden-Trump debate | During the GOP presidential primary, Trump also criticized some of his Republican opponents for proposing to raise the retirement age for Social Security, which budget experts have said would reduce scheduled benefits for those affected.
So... |
28.06.2024 | What Did Biden and Trump Say About Business and the Economy at the Presidential Debate? Here's Everything You Need to Know. The economy took center stage at the Presidential Debate. | The first 2024 presidential debate on Thursday saw President Joe Biden and former President Donald Trump go head-to-head in Atlanta, Georgia, moderated by CNN.
The two candidates sparred on everything from taxes to the national debt, highli... |
30.05.2024 | Next year's battle royale over tax policy will shape America's fiscal future | figcaption>span]:font-sans">
When Americans go to the polls in November, they will be deciding the playing field for the biggest battle in memory over the direction of U.S. fiscal policy.
The big picture: Major provisions of form... |
02.05.2024 | Manchin Questions U.S. Secretary Of Education On Smarter Debt Act, Fiscal Impact Of Student Loan Cancellation Programs | April 30, 2024
Washington, DC – Today, U.S. Senator Joe Manchin (D-WV), member of the Senate Appropriations Committee, questioned Miguel Cardona, U.S. Secretary of Education, on the importance of the Streamlining More Accessible, Reliable a... |
23.04.2024 | Higher interest rates are rippling through the market again | figcaption>span]:font-sans">
Data: Yahoo Finance; Chart: Axios Visuals
That sound you hear — on Wall Street, among homebuyers and among those who wring their hands about the U.S. government's fiscal position — is people realizing... |
19.04.2024 | Behind the IMF's warning to Biden and Congress on deficit spending | figcaption>span]:font-sans">
Data: Congressional Budget Office; Chart: Axios Visuals
President Biden insists he's committed to cutting federal deficits. The International Monetary Fund doesn't seem convinced he'll go far enough.
... |
16.04.2024 | The US Navy has fired off nearly $1 billion in weapons fighting threats from Iran and the Houthis | Military & Defense The US Navy has fired off nearly $1 billion in weapons fighting threats from Iran and the Houthis
Jake Epstein
2024-04-16T19:19:32Z
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15.04.2024 | National Politics | Tax Day reveals a major split in how Joe Biden and Donald Trump would govern | By JOSH BOAK and JILL COLVIN (Associated Press)
WASHINGTON (AP) — Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own fina... |
05.04.2024 | Biden's half-trillion-dollar jobs goody bag | Data: The White House; Note: Among projects with announced totals, excluding projects in tribes or their subdivisions, or projects that span multiple states; Map: Axios Visuals
President Biden's infrastructure and clean-energy bills are pum... |
16.03.2024 | Editorials | Views from the nation’s press | The Las Vegas Review-Journal on how Biden is proposing another massive spending spree:
Ronald Reagan once said that the nine most terrifying words in the English language are: I’m from the government and I’m here to help. We’ll add that, th... |
15.03.2024 | National Politics | Why are so many voters frustrated by the US economy? It’s home prices | By JOSH BOAK (Associated Press)
WASHINGTON (AP) — Lori Shelton can’t fathom ever having the money to buy a home — and that’s a major reason why so many voters feel down on the economy ahead of this year’s presidential election.
Shelton, 67,... |
11.03.2024 | National Politics | Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs | By JOSH BOAK and FATIMA HUSSEIN (Associated Press)
MANCHESTER, N.H. (AP) — President Joe Biden on Monday released a budget proposal aimed at getting voters’ attention: It would offer tax breaks for families, lower health care costs, smaller... |
19.02.2024 | Retirements spike again as stock market booms | Data: St. Louis Federal Reserve. Chart: Axios Visuals
Huge numbers of Americans are leaving the workplace in a surprise second wave of the post-COVID retirement boom.
Why it matters: An aging country — combined with a booming stock market a... |
01.02.2024 | Child Tax Credit expansion faces uncertain path in Senate after House passage | Washington — The House saw a rare moment of bipartisanship late Wednesday when lawmakers approved a major tax bill that would expand the Child Tax Credit and extend some business tax breaks. But whether the Senate can maneuver the legislati... |
10.01.2024 | Jamie Dimon is skeptical about the ‘Goldilocks’ economy predictions for 2024: ‘The extra money that consumers got runs out this year’ | When it comes to Wall Street bandwagons, Jamie Dimon is often the cautionary voice in the crowd. While the street is excitedly eyeing rate cuts in 2024, the JPMorgan Chase CEO remains unconvinced that the Fed has put recession fears to bed ... |
13.12.2023 | Who Really Benefits From Medicare Advantage Plans? | Every autumn, American television viewers are inundated with a barrage of commercials depicting the vibrant and wondrous life they could be living under the coverage of a Medicare Advantage plan. These advertisements are full of celebrity s... |
09.11.2023 | Investor Appetite For Telehealth Post-Pandemic: Opportunities Based on Medicaid and Commercial Insurance Markets | Investor interest in telehealth surged during the Covid-19 pandemic. While the healthcare industry’s widespread adoption of telehealth was driven by necessity due to social distancing practices, such expansion would not have been possible w... |
31.10.2023 | Speaker Mike Johnson is screwing up Republicans' hopes of separating Israel and Ukraine aid — but they don't seem to mind | From left: Sen. Roger Marshall of Kansas, Speaker Mike Johnson of Louisiana, and Sen. Ted Cruz of Texas. Tom Williams/CQ-Roll Call via Getty Images
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Republicans have been trying to make sure that Israel and Ukraine aid are voted o... |
05.09.2023 | How Much Will Social Security Benefits Be Cut If Congress Sits On Its Hands? The Numbers Are Scary | (Photo by Alex Wong/Getty Images)Getty Images |
21.08.2023 | How the 2024 presidential candidates talk about taxes and budget challenges — a voters' guide | Soon after inauguration, the next president will be steering the toughest budget debates in decades, as individual tax rates expire and the debt limit will have to be suspended or raised.
Congressional Democrats and Republicans have already... |
17.07.2023 | Making Sense Of The Latest Student Loan Cancellation Announcements | US President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) on ... [+] August 24, 2022 in the Roosevelt Room of the White House in Washington, DC. - Biden announced that most US university graduates stil... |
05.07.2023 | Supreme Court ruling impacts loan forgiveness for 700K Ohioans | Data: Federal Student Aid; Chart: Simran Parwani/Axios
Tens of millions of borrowers — including 1.8 million in Ohio — will resume monthly student loan payments after the U.S. Supreme Court ruled Friday that President Biden's loan forgivene... |
01.07.2023 | How Biden can try again on student loan forgiveness | The White House finalized a new student-loan proposal within hours of the Supreme Court striking down its ambitious plan to forgive student debt, and President Biden pledged that there will still be more to come.
Why it matters: Federal stu... |
26.06.2023 | The next president's $4 trillion problem | Whoever is in the White House in 2025 will quickly face a series of legislative deadlines with impossible price tags: $3.6 trillion in tax cuts and $350 billion in Affordable Care Act subsidies are expiring — and that's after the debt limit... |
12.06.2023 | U.S. Economy Will Underperform Until We Get Regulation Under Control | A Senate aide delivers a stack of documents bound in red tape being used as a prop during debate on ... [+] the budget in the Senate, at the Capitol in Washington. (AP Photo/J. Scott Applewhite)AP PHOTOS |
04.06.2023 | Commentary
Commentary | Guest opinion: Andrew Rettenmaier and Dennis W. Jansen: Getting Social Security on a more stable path is hard but essential | By Andrew Rettenmaier and Dennis W. Jansen
Social Security is in trouble.
The retirement and disability program has been running a cash-flow deficit since 2010. Its trust fund, which holds $2.7 trillion, is rapidly diminishing. Social Secur... |
17.05.2023 | House panel takes first steps toward reining in hospitals with ‘site-neutral’ changes | WASHINGTON — A key House panel on Wednesday advanced several health care bills on Wednesday, including its first step toward a controversial effort to equalize Medicare payments between hospitals and physician offices.
The Energy and Commer... |
11.05.2023 | Finding A Budget Compromise Despite Republican Extremism | US President Joe Biden during a meeting with US House Speaker Kevin McCarthy, a Republican from ... [+] California, left, in the Oval Office of the White House in Washington, DC, US, on Tuesday, May 9, 2023. The Republican House Speaker rej... |
27.04.2023 | How Congress Is Trying To Finesse The Debt Limit While Ignoring The Debt | WASHINGTON, DC - APRIL 20: Speaker of the House Kevin McCarthy (R-CA) speaks outside the U.S. ... [+] Capitol (Photo by Chip Somodevilla/Getty Images)Getty Images |
14.04.2023 | Trump-aligned PAC rolls out Ron DeSantis 'Pudding Fingers' ad, mocking his rumored eating habits and hitting him on Medicare and Social Security | A man sticking three fingers in his mouth to eat pudding, taken from an attack ad against Ron DeSantis put out by the Make America Great Again PAC. Still from Make America Great Again, Inc. ad
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A Trump-aligned super PAC attacked D... |
20.03.2023 | 5 ways House Republicans' budget plan 'will be a disaster for families,' according to the White House | Rep. Scott Perry (R-PA) speaks during a news conference with members of the House Freedom Caucus outside the U.S. Capitol on February 28, 2022 in Washington, DC. Drew Angerer/Getty Images
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The House Freedom Caucus unveiled a plan ... |
09.03.2023 | ‘Excessive’ Biden budget plan would cause national debt to hit nearly $51 trillion by 2033 | More On: u.s. debt
Biden’s budget is all politics, nothing to face coming US fiscal doom Biden’s budget proves he wants war with GOP, despite shaky economy Odds of US debt default have already tripled this year, experts warn King of debt Jo... |
07.03.2023 | If you want to balance the budget without raising taxes or cutting defense, Social Security, and Medicare, you'd probably have to fire nearly every park ranger and cut 70% of anti-poverty spending | Speaker of the House Kevin McCarthy. Alex Wong/Getty Images
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Republicans want to reduce the deficit, and they've suggested a range of areas to cut spending.
An analysis from the Committee for a Responsible Budget found balancing t... |
23.02.2023 | The White House is reportedly eyeing a tax on high-earning Americans to fund Social Security after Bernie Sanders pushed it | Vermont Sen. Bernie Sanders met with President Joe Biden to advocate for a tax on higher incomes to prevent coming Social Security insolvency, The Washington Post reported. AP Photo/Susan Walsh
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Bernie Sanders met with Joe Biden t... |
22.02.2023 | Breaching The Debt Limits Risks Hurting Children | Boys run through playground across from the Good Samaritan Society care center. Simla, Colo. (AP ... [+] Photo/David Zalubowski)Copyright 2020 The Associated Press. All rights reserved. |
12.02.2023 | Ron DeSantis backed deep cuts to Social Security and Medicare while in Congress. Trump is ready to hammer him for it ahead of 2024. | Then-Rep. Ron DeSantis of Florida leaves the US Capitol in 2014. Congressman DeSantis' voting record could pose problems for his presidential campaign. Bill Clark/CQ Roll Call
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05.02.2023 | Commentary
Commentary | Guest opinion: Linda J. Bilmes: I helped balance the federal budget in the 1990s – here’s how hard it will be for the GOP today | By Linda J. Bilmes
Kevin McCarthy reportedly promised many things to Republican hardliners en route to clinching his job as speaker of the U.S. House of Representatives. One of them was a “balanced budget” in 10 years.
As part of that plan,... |
22.01.2023 | The U.S. has hit the debt limit. Now what? | A political battle is brewing on Capitol Hill with potentially dire economic consequences looming after the U.S. hit the debt limit on Thursday. Lawmakers must reach an agreement to either raise or suspend the debt limit to avoid a credit d... |
17.01.2023 | Balancing The Federal Budget In 10 Years Without Raising Taxes Is Impossible | WASHINGTON, DC - JANUARY 07: Kevin McCarthy (R-CA) after being elected as Speaker of the House. ... [+] (Photo by Win McNamee/Getty Images)Getty Images |
10.01.2023 | The first economic plan the new GOP House proposed would raise the deficit by $100 billion | House Speaker Kevin McCarthy holds the speaker's gavel high after winning election as speaker of the House early Saturday morning. Win McNamee/Getty Images
Now that Republicans control the House, they're ready to start cutting spending.
The... |
03.11.2022 | Neither Party Has A Good Plan For Social Security And Medicare | It’s abundantly clear that neither party has a good plan to secure Social Security and Medicare for ... [+] current and future beneficiaries. getty |
02.11.2022 | The Debt Limit Crisis, Season 102 | NEW YORK, NY, UNITED STATES - 2018/03/23: The National Debt Clock is a very very large digital ... [+] display of the current gross national debt of the United States. It is mounted on a western facing wall in a wide covered alley in the mi... |
06.10.2022 | US midterm elections: Five economic issues to watch | The state of the economy will outweigh other issues for American voters when they head to the polls next month to decide which party controls the United States Congress, economists have told Al Jazeera.
While there are plenty of hot button ... |
05.09.2022 | Biden's plan to forgive student loans could end up costing over $1 trillion, an analysis says | Becky Pringle, president of the National Education Association, joins student loan borrowers at a rally in front of The White House on August 25, 2022 in Washington, DC. Paul Morigi/Getty Images for We the 45m
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Biden's plan to for... |
26.08.2022 | Biden’s Economic Agenda Is The Most Anti-Growth Of The Last 40 Years | Concept of economic recession during the coronavirus outbreak in United States, downtrend stock with ... [+] red arrow and The Statue of Liberty with mask background getty |
25.08.2022 | One overlooked part of the Biden student loan plan that could end "horror stories" | Although the Biden administration's plan to forgive federal student loans has centered on the government erasing $20,000 in debt, other provisions could have an even bigger impact on students and college graduates.
In perhaps the most signi... |
25.08.2022 | Biden is 'pouring gasoline on the inflationary fire' with his $10,000 student debt cancellation, a top Obama economist warns | A top Obama administration economist has warned that student debt cancellation could drive up red-hot inflation.
President Joe Biden wheeled out plans to provide eligible borrowers with $10,000 of debt relief Wednesday.
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24.08.2022 | Explainer: How Biden's student loan forgiveness will impact U.S. consumers | August 24, 202211:11 PM UTCLast Updated ago
United States
Explainer: How Biden's student loan forgiveness will impact U.S. consumers
Reuters
4 minute read
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A student walks on the campus of Howard University in Washington, U.S., January 3... |
23.08.2022 | What Does Student Loan Forgiveness Mean For Investors? | Getty Images for We, The 45 Million |
04.08.2022 | The outsized effect of ‘modest’ price controls on pharmaceutical innovation | Drug price controls in the U.S. Senate are being met with dire warnings that such an approach will stifle innovation, shut off the pipeline of new medicines, and cost lives down the road. Is innovation so fragile that a modest reduction in ... |
30.06.2022 | The EARN Act’s Roth 401(k) Switcheroo Is A Gimmick, Not Sound Fiscal Budgeting | The U.S. Capitol getty |
16.02.2022 | What canceling student loan debt really means | Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.
On the campaign trail in 2020, President Joe Biden promised to forgive $10,000 in student loan debt for ev... |
02.02.2022 | US national debt exceeds $30 trillion for first time in history | More On: u.s. debt
Joe Manchin’s Christmas gift to America: Killing the Build Back Better horror No Psaki, the cost of BBB isn’t ‘fake’ — because Washington always lies about spending Congress’ debt-limit hike ignores our dangerous addictio... |
02.02.2022 | US national debt exceeds $30 trillion for first time in history | More On: u.s. debt
Biden releases $5.8T budget, claims deficit cut despite massive spending The week in whoppers: Biden’s debt deception, the NY Times’ Chinese propagandist and more Joe Manchin’s Christmas gift to America: Killing the Build... |
09.01.2022 | The US economy has been ‘more than fine’ without your student debt | UMass Boston Class of 2021 and 2020 Commencement Ceremonies Craig F. Walker/The Boston Globe via Getty Images
Student-loan payments have been on pause for nearly two years, with a recent extension through May 1.
There’s controversy over the... |
16.12.2021 | A Wonky Tax Break for the Well-Off Is a Bigger Problem for Democrats Than You'd Think | In its edible form, salt is used to dry out meat; in its mineral form, it’s used to dry out snowy highways; and in its tax form, SALT—the acronym for state and local tax deductions that disproportionately benefit well-heeled taxpayers—might... |
14.12.2021 | Is The CBO’s New Score Real Or Fake? Either Way, Build Back Better Is Deficit Spending | printing money . . . getty |
10.12.2021 | Build Back Better Plan Exacerbates Unfairness In Federal Hospital Funding | Doctors and nurses taking care of patients in ICU. Team of frontline coworkers are treating man and ... [+] woman. They are at hospital during COVID-19. getty |
08.12.2021 | The Achilles' Heel of Biden's Climate Plan? Coal Miners. | Source: New York Times
December 8, 2021
For years, environmentalists have sought compromises with labor unions in industries reliant on fossil fuels, aware that one of the biggest obstacles to cutting carbon emissions is opposition from the... |
16.11.2021 | Budget watchdogs: 8 states would have top marginal income tax rates over 60% under Build Back Better plan | (The Center Square) – The Biden administration’s Build Back Better Act, according to the latest version in the U.S. House, would tax Americans earning $400,000 and above higher than all of its foreign competitors, hitting residents in blue ... |
12.11.2021 | Biden’s Build Back Better will hike taxes on 30% of middle-class families | More On: taxes
Psaki insists spending bill won’t cause middle-class taxes to rise Democrats’ tax hikes will blow away any gains from a restored SALT deduction, further slamming New York Mega-rich Pelosi objected to ‘billionaire tax’ in $1.7... |
12.11.2021 | Biden’s Build Back Better will hike taxes on 30% of middle-class families | More On: taxes
Eric Adams again gets testy over making tax returns public You thought Tax Day was bad? Biden has worse in store Eric Adams reverses course, pledges to release tax ‘information’ — eventually A tradition of sexualizing kids an... |
11.11.2021 | 4 reasons why the $1.7 trillion student debt crisis is so bad for 45 million Americans | College graduates. ROBYN BECK/AFP via Getty Images
The Bipartisan Policy Center released a report analyzing how policy decisions affect the student debt crisis.
It highlighted reasons for the surging crisis, such as lack of accountability a... |
27.10.2021 | The Incredible Shrinking Biden | One of Mr. Biden’s first acts as president was to meet with Democratic congressional leaders to discuss his legislative plans. He told them: “Go big.” Less than a year later, he’s gone small.
The original Build Back Better proposal had a pr... |
13.10.2021 | Free community college, child tax credits, and affordable housing are among safety net measures on the chopping block as Democrats struggle to find middle ground with centrist holdouts | House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer. Drew Angerer/Getty Images
Democrats are grappling with the likelihood of harsh cuts in their safety net bill.
“It’ll definitely be painful. And I don’t know how that’s goi... |
07.10.2021 | By the numbers: Debt ceiling history | Sign up for our daily briefingMake your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
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06.10.2021 | Why Has Biden Surrendered to the Left? | There was no grand ceremony on a battleship, no general handing over his sword as a band played “The World Turned Upside Down,” no signing of a document in a simple country house witnessed by a victor in a mud-splattered uniform. Nonetheles... |
01.10.2021 | Medicare advantage, direct contracting, and the Medicare ‘Money Machine,' part 1: The risk-score game | While the COVID-19 pandemic rages, the past two years have seen another epidemic of a far different type-in financing and acquisitions of firms focused on serving Medicare beneficiaries. These firms include physician practices, notably prim... |
30.09.2021 | 5 ways the debt ceiling brinksmanship in Congress could end, from markets teetering to Biden’s agenda and who gets blamed | Sen. Majority Leader Chuck Schumer (D-NY) and Sen. Minority Leader Mitch McConnell (R-KY). Drew Angerer/Getty Images
Even if Congress avoids a shutdown and a default on the nation’s debt, things could still get ugly.
The brinksmanship fuele... |
24.09.2021 | How a mythical $1 trillion coin became everyone’s favorite solution to the U.S. debt problem | Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.
Thor’s hammer, Lancelot’s sword, Yellen’s trillion dollar platinum coin: It’s human nature to yearn for a magical weapon to save us from our e... |
03.09.2021 | Trustees Report Spells Trouble For Bernie’s Misguided Medicare Expansion | Even as Medicare's trustees warn the program faces growing shortfalls, Sen. Bernie Sanders is ... [+] proposing to make the problem worse by expanding benefits at no additional cost to beneficiaries.AFP via Getty Images |
12.08.2021 | The Senate Gets Ready to Spend A Sum of Money Unseen Since World War II | This article is part of the The DC Brief, TIME’s politics newsletter. Sign up here to get stories like this sent to your inbox every weekday.
Before they left town this week, Senate Democrats passed a budget blueprint that would dramaticall... |
10.08.2021 | With Crypto Tax Rules, Conservatives Chose Tax Cheats Over Free Enterprise | This morning, we woke to the grim news that attempts to repair a broken cryptocurrency regulation in the U.S. Senate infrastructure bill have failed. The huge bill is now expected to pass the Senate today with language that could impose unw... |
02.08.2021 | What’s in the infrastructure bill? Electric vehicles, clean energy, and public transit are all up for debate in Congress this week. | U.S. Democratic presidential candidate and former Vice President Joe Biden greets supporters after arriving on an Amtrak train for a campaign stop in Alliance, Ohio, U.S., September 30, 2020. REUTERS/Mike Segar/File Photo
The Senate is taki... |
29.07.2021 | One mind-boggling chart shows how government stimulus cut poverty by nearly half during the pandemic | New projections from the Urban Institute find the poverty rate will drop to 7.7% in 2021. The New York Times reported that would be a decline of about 45% from 2018.
Researchers credited stimulus checks, federal unemployment benefits, and b... |
15.07.2021 | Economists are divided about how bad inflation is going to get. Here are the 14 loudest voices on both sides of the issue. | Former Treasury Secretary Larry Summers. Robin Marchant / Getty Images
The debate over inflation is intensifying as Biden pushes to spend trillions on infrastructure. It’s largely an intra-party spat as moderates say stimulus risks rampant ... |
26.05.2021 | 1.2 million people still haven’t cashed their first stimulus check | In this April 23, 2020, file photo, President Donald Trump’s name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio, Texas. AP Photo/Eric Gay
The Boston Herald... |
09.05.2021 | Wall Street boogeymen known as ‘bond vigilantes’ have haunted Democrats for decades. But Biden has a chance to exorcise those demons, reshape the economy, and tackle climate change. | President Biden should ignore worries about Wall Street boogeymen known as ‘bond vigilantes’ and finance his infrastructure and green energy plan with debt. Dilip Vishwanat/Getty Images; Samantha Lee/Insider Joe Biden plans to pay for his c... |
13.04.2021 | The US deficit soared to a record $1.7 trillion as the government doled out new stimulus | The Capitol is seen from the Lincoln Memorial reflecting pool on April 13, 2021 in Washington, DC. Stefani Reynolds/Getty Images
The US budget deficit widened to a record $1.7 trillion in the first half of the fiscal year.
The government sp... |
10.03.2021 | 75% of Americans support Biden’s $1.9 trillion COVID-19 relief bill despite outcries from GOP lawmakers, a new poll finds | Agustina Canamero, 81, and Pascual Perez, 84, hug and kiss through a plastic film screen to avoid contracting the coronavirus at a nursing home in Barcelona, Spain, on June 22, 2020. Emilio Morenatti/AP
President Joe Biden’s $US1.9 ($2) tri... |
10.03.2021 | 75% of Americans support Biden's $1.9 trillion COVID-19 relief bill despite outcries from GOP lawmakers, a new poll finds | Agustina Canamero, 81, and Pascual Perez, 84, hug and kiss through a plastic film screen to avoid contracting the coronavirus at a nursing home in Barcelona, Spain, on June 22, 2020. Emilio Morenatti/AP
President Joe Biden's $1.9 trillion C... |
09.03.2021 | Battling Ransomware In Healthcare: What Matters Most? | CTO at Deepwatch and a proven cybersecurity leader with over 25 years of experience creating outstanding teams, products and tasty treats. |
02.03.2021 | How Senators Can Improve The Covid Relief Package | Senators Mark Warner (D-VA) and Angus King (I-ME) propose to redirect ill-targeted covid relief ... [+] funds to valuable public investments. CQ-Roll Call, Inc via Getty Images |
26.02.2021 | The $15 minimum wage is struck from the Democratic stimulus plan | Sen. Bernie Sanders (I-VT). Liz Lynch/Getty Images
The $US15 ($19) minimum wage was struck from the Democratic rescue plan, per a Senate Democratic aide familiar with the decision.
It means the Democratic package will not have a wage increa... |