Wyoming is set to lose about $50 million a year because of new federal breaks for the coal industry. This has state lawmakers looking for ways to recoup the revenue loss.
It’s not a story about wonky statistics. It’s about America’s reliability as a borrower of trillions of dollars, something that underpins our global economy.
As inflation accelerates, the job market is slowing. That leaves the Federal Reserve in a dilemma over its dual mandate of stabilizing prices and maximizing employment.