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Government spending

What do people think causes inflation?

by Daniel Ackerman
Jun 12, 2024
A survey reveals the general public doesn't always agree with economists on what causes higher prices.
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Tax breaks are popular. They also cost the federal government more than $1 trillion a year.

by Kimberly Adams
May 24, 2024
In the debate over the debt and deficit, experts say tax breaks that skew toward the wealthy deserve as close a look as government spending.
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Child care gets a boost in the new federal spending law, but advocates say it isn't enough

by Kimberly Adams
Mar 27, 2024
They say programs designed to help low-income families are only reaching a fraction of those eligible.
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We have a debt ceiling deal. So what happens next?

by Kimberly Adams
Jun 2, 2023
Now, agencies and Congress need to figure out how to implement the thing.
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What will happen if the U.S. blows through the debt limit?

by Kimberly Adams
Sep 27, 2021
The economy would be in uncharted — and dangerous — territory.
Pay and hours are at the core of the unionization efforts.
Anna Moneymaker via Getty Images
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With the 2,700-page infrastructure bill comes a lot of lobbying

by Kimberly Adams
Aug 5, 2021
Groups large and small are vying for a piece of the pie and seeking lobbyists' help in influencing senators.
While the U.S. Senate is finalizing the infrastructure bill, lobbyists are racing to make their voices heard.
Anna Moneymaker via Getty Images
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Biden administration plans "whole of government" approach to fight climate change

by Kimberly Adams
Apr 22, 2021
The administration will work with domestic and international government agencies as well as private finance.
The Biden administration is arguing that climate change is already a crisis affecting the whole economy, meaning it needs a proportionate response.
Frederic J. Brown/AFP via Getty Images
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Infrastructure plan has positives and negatives for GDP

by Sabri Ben-Achour
Apr 8, 2021
Infrastructure adds to gross domestic product, but interest rates can take away from it.
Lower-income workers have been able to raise their wages faster than middle and higher-income workers, says a new NBER working paper.
Andrew Burton/Getty Images
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COVID-19

Britain cuts foreign aid to help pay the cost of COVID-19

by Stephen Beard
Jan 11, 2021
The decision to reduce overseas aid during the nation's economic contraction has provoked outrage, but it has also drawn support .
Chancellor of the Exchequer Rishi Sunak sits beside Prime Minister Boris Johnson during a meeting in July. Sunak supported reducing the U.K.'s foreign aid budget by the equivalent of $600 billion.
Simon Dawson/Getty Images
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Biden faces economic obstacles beyond the pandemic's burdens

by David Brancaccio , Erika Soderstrom and Daniel Shin
Dec 29, 2020
The list includes dwindling trust funds for Social Security and Medicare and potential bubbles in the housing and stock markets.
Biden will confront "headwinds unlike those that have ever been faced by any modern president," says Eugene Steuerle of the Urban-Brookings Tax Policy Center.
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