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Government spending

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.
Pro? Getting actual infrastructure. Con? Taxes, for one.
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.
Mark Makela/Getty Images
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COVID-19

Even with a vaccine, global economic recovery will be starkly uneven — OECD

by Victoria Craig
Dec 1, 2020
OECD chief economist Laurence Boone says governments must double down on providing support to avoid "scarring effects."
OECD chief economist Laurence Boone says children whose schooling has been affected by COVID-19 are among those likely to be "scarred" long-term.
Johannes Eisele/AFP via Getty Images
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COVID-19

Republicans propose funding cuts to OSHA during pandemic

by Meghan McCarty Carino
Nov 11, 2020
The Occupational Safety and Health Administration says it has received more than 10,000 COVID-related complaints.
Loren Sweatt, principal deputy assistant secretary of the Occupational Safety and Health Administration, responds to questions during a House subcommittee hearing on the federal government's actions to protect workers during COVID-19 on May 28, 2020 in Washington.
Rod Lamkey/Pool/AFP via Getty Images
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U.S. debt is hitting historic heights. How much of a problem is that?

by David Brancaccio , Candace Manriquez Wrenn , Erika Soderstrom and Alex Schroeder
Sep 3, 2020
The last time the deficit was this high, as a percentage of the total economy, was 1946.
A national debt counter from mid-June. The U.S. is approaching a position it has not seen since World War II, as the amount of government debt is on pace to exceed the size of the nation's economy.
Olivier Douliery/AFP via Getty Images
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COVID-19

Which businesses should governments bail out during COVID-19?

by Victoria Craig
May 21, 2020
The speed at which governments are having to decide which companies to offer assistance to has echoes of the 2008 financial crisis.
"What we're talking about now is government having its ownership fingers on probably all types of business imaginable," Lord Paul Myners said.
Daniel Leal-Olivas/AFP via Getty Images
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Government shutdown 2019

Why the Chamber of Commerce is making a case for bipartisanship

by Kai Ryssdal and Sean McHenry
Jan 14, 2019
The Chamber of Commerce wants lawmakers to end the shutdown. And to do it, they'll need to reach across the aisle.
The U.S. Capitol is seen at dusk, Jan. 21, 2018 in Washington, DC.
Drew Angerer/Getty Images
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Paying lip service to the deficit

by Nancy Marshall-Genzer
Nov 8, 2018
Politicians have been pretty quiet lately about the $800 billion budget deficit. That's about to change.
“Washington needs to find a way to spend less,” Mitch McConnell said in 2011, back when the Kentucky Republican was Senate minority leader. Above, he addresses the Value Voters Summit in Washington, D.C., in September. 
Photo by Chip Somodevilla/Getty Images
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