DOJ designates New York, Portland, Seattle as “anarchist jurisdictions”

Sep 22, 2020
The Trump administration is threatening to pull federal funding from the cities, which it says “have refused to undertake reasonable measures to counteract criminal activities.”
There have been more than 100 days of protests in Portland, Oregon, over systemic racism and police brutality.
Allison Dinner / AFP via Getty Images

A short-staffed IRS is trying to reform

Mar 3, 2020
The IRS is trying to modernize its computer systems and improve customer service — with a smaller budget and workforce.
The Internal Revenue Service Building in 2008.
Shashi Bellamkonda

A president's budget can signal campaign priorities in an election year

Feb 10, 2020
Budgets offer a chance to project good times and appeal to certain constituencies.
President Donald Trump speaks during a rally in Orlando, Florida, to officially launch his 2020 campaign on June 18, 2019.
Mandel Ngan/AFP via Getty Images

The GOP lost the budget fight ... again

John Harwood of CNBC explains why Republicans "support spending cuts in theory" but have a hard time getting there in practice.
Treasury Secretary Steven Mnuchin, above, and House Speaker Nancy Pelosi, D-Calif., negotiated a budget deal this week that increases federal spending.
Juan Mabromata/Getty Images

Should low-income workers without kids get expanded tax credits?

May 31, 2019
An expanded earned income tax credit has been floated by a number of Democratic presidential hopefuls.
New tax season, new rules but same amount of refund?
DNY59/iStock/Getty Images Plus

Can Congress fix the broken process that governs government spending?

Nov 29, 2018
A bipartisan committee has spent nearly a year trying to come up with a better way to do things
The U.S. Capitol is seen in Washington, DC on Jan. 22, 2018 after the U.S. Senate reached a deal to reopen the federal government, with Democrats accepting a compromise spending bill.
MANDEL NGAN/AFP/Getty Images

How much U.S. debt is too much?

Oct 16, 2018
Balancing the federal budget is a bigger deal for politicians than economists.
The United States could simply make more money to pay its bills, said Stephanie Kelton, an economics professor at Stony Brook University. But taken to an extreme, that could lead to higher inflation.
Mark Wilson/Getty Images

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How much U.S. debt is too much?

Oct 16, 2018
Balancing the federal budget is a bigger deal for politicians than economists.
The United States could simply make more money to pay its bills, said Stephanie Kelton, an economics professor at Stony Brook University. But taken to an extreme, that could lead to higher inflation.
Mark Wilson/Getty Images

Federal deficit rises to six-year high following last year's tax cut

Oct 16, 2018
The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s…

Federal deficit rises to six-year high following last year's tax cut

Oct 16, 2018
The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s…