USPS $3.9 billion from being in the black

Nov 15, 2018
The U.S. Postal Service lost almost $4 billion during the 2018 fiscal year.
Joe Raedle/Getty Images

About those tax cuts that are supposed to pay for themselves

Oct 18, 2018
There’s been a lot of talk lately about the budget deficit, which, at last count, is up 17 percent over last year. That’s what happens when the government spends $779 billion more than it collects in revenue, also known as taxes. Seems we’re paying the price for one of the biggest tax cuts in history, […]
Senate Majority Leader Sen. Mitch McConnell listens during a news briefing after a weekly Senate Republican policy luncheon Oct. 10, 2018. McConnell blames the budget deficit on social security and Medicare.  
Alex Wong/Getty Images

About those tax cuts that are supposed to pay for themselves

Oct 18, 2018
There’s been a lot of talk lately about the budget deficit, which, at last count, is up 17 percent over last year. That’s what happens when the government spends $779 billion more than it collects in revenue, also known as taxes. Seems we’re paying the price for one of the biggest tax cuts in history, […]
Senate Majority Leader Sen. Mitch McConnell listens during a news briefing after a weekly Senate Republican policy luncheon Oct. 10, 2018. McConnell blames the budget deficit on social security and Medicare.  
Alex Wong/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 Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]

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 Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]

How Nobel Prize winner Paul Romer redefined economics

by
Oct 8, 2018
Economists comment on what makes Romer’s views unique.
“I’ve been really disappointed that we just haven’t had the kind of political environment where we can think about speeding up technological progress,” Paul Romer said Monday.
ERIC PIERMONT/AFP/Getty Images

It's use-it-or-lose-it season in Washington

Sep 18, 2018
Every year at this time, federal agencies scramble to spend down their budgets.
It's September, spendathon time in Washington, D.C.
NICHOLAS KAMM/AFP/Getty Images

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Kraninger closer to confirmation as consumer bureau chief

Aug 24, 2018
A career civil servant with little banking industry experience, Kathy Kraninger, tapped by the Trump administration to lead the Bureau of Consumer Financial Protection won the approval of the Senate Banking Committee in a party line split vote. Next, the full Senate will vote to approve her. Click the audio player above to hear the […]
Kathleen Kraninger briefing at the Washington Foreign Press Center on the "Launch of Electronic System for Travel Authorization (ESTA)."
Courtesy of Foreign Press Centers

Fed Chair Jay Powell: We’re “independent of political considerations”

Jul 12, 2018
In a 30 minute conversation, Chairman Powell discusses tariffs, political pressure on the Fed and wage stagnation.
Jerome Powell listens as President Trump announces Powell as nominee for Chairman of the Federal Reserve in the Rose Garden of the White House in Washington, DC, November 2, 2017.
SAUL LOEB/AFP/Getty Images

Which states spend more on high-poverty schools? The Urban Institute takes a look

May 31, 2017
Education policy experts generally agree that it costs more to teach kids living in poverty. They come into school at a disadvantage, often need support services and it’s harder to attract good teachers to high-poverty schools. The Urban Institute is out with new data Wednesday looking at which states spend more money on those schools. […]