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With many lawmakers in both parties acting as if the high and rising national debt doesn’t matter, Federal Reserve Chairman Jerome Powell has provided a timely reminder that it does. Powell delivered that message to Senate and House committees last…


Health care spending will continue its upward climb, taking a larger and larger share of the nation’s economic activity over the next decade, according to new annual projections from the federal government's chief health care actuaries. The health care sector…


As federal agencies and millions of Americans struggle to recover from Washington’s partial shutdown over this year’s budget, we are now facing a potential crisis over the federal debt limit that could have an even greater negative impact. The debt…


Last week the national debt hit $22 trillion and the president declared an emergency. Too bad the two things were not related. Even as the debt continues its upward climb, policymakers seem remarkably unconcerned. In fact, most of the leading…


The Taxpayer Advocate Service (TAS) sends an annual report to Congress that flags problems with the federal government’s tax collection efforts. The latest such report from the agency makes for particularly depressing reading. On top of the usual problems discussed…


Elected officials in both parties have expressed interest for years in boosting federal investment in the nation’s crumbling infrastructure. So, too, have business leaders and many economists who say that such a commitment would support stronger economic growth and is…


As if filing federal tax returns weren’t already confusing enough, some lawmakers are considering retroactive changes in the tax code that would apply to 2018. This means some taxpayers may need to delay preparing and submitting their returns -- and…


The slowing growth of the U.S. population, detailed in a recent report by the Census Bureau and an analysis from the Brookings Institution, presents the country with some difficult fiscal and economic challenges. The Census Bureau estimates that the country’s…


Even as lawmakers and President Trump continued to argue over spending plans for the current fiscal year, the federal deficit grew in the first quarter of the year by $317 billion, according to estimates from the Congressional Budget Office (CBO).…


Up until a few days ago it seemed that President Trump was looking to exit the partial government shutdown by redirecting funds for a Mexican border wall through an emergency declaration. As he approached this exit, however, he found that…


Don’t look now, but budgetary gridlock on Capitol Hill is about to get worse. So is the deficit. With all the attention being paid to the partial government shutdown over funding for a wall on the Mexican border, it is…


The federal government’s chief health care actuaries have released their wrap-up of 2017 National Health Expenditures, showing that health care spending remained nearly the same percentage of the economy as in 2016: 17.9 percent. The actuaries saw 2017 as a…

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