PODCAST: The running tab of no tap water

A case before the court involves whether the government should be allowed to take payroll taxes from severance pay.

How do you measure the cost of a toxic spill that turns off the tap? People affected by the West Virginia water contamination had to suspend the convenience of running water, and instead relied on bottled water for everything except flushing toilets.

The Federal Reserve has an enormous balance sheet. After all, it bought trillions of securities from banks. But could something designed as stimulus turn into nasty inflation down the road? Don’t worry. The Fed has a plan for that. It’s called Reverse Repo.