What is national debt and how does it affect our economy?
The vast majority of federal revenue comes from taxes, and the drop in 2023 revenue was mostly due to a drop in individual income taxes.
No surprise: Inflation, higher interest rates and the pandemic all play a role.
The U.S. government is obligated by treaty to provide certain services to tribal nations. Shutdowns force tribes to take on those costs.
The upper age limit for SNAP recipients (able bodied, without dependents) who have to prove they’re working or looking for work at least part time has just risen from age 49 to age 50. Eventually it’ll go up to age 54.
The portion of federal spending being determined by what’s called the appropriations process is relatively small.
If the Fed can tamp down inflation without sparking a recession, it would be only the second time in history in U.S. history.
New work requirements on welfare were part of the debt ceiling deal. How might they affect benefit recipients?
Ray Dalio talks educational spending, taxes and more.
A debt ceiling deal has been made, and student loan borrowers will have to start making payments again later this summer.
Now, agencies and Congress need to figure out how to implement the thing.