The administration is seeking roughly $1 billion in additional IRS funding that the agency says could improve customer service and step up enforcement work, resulting in billions of dollars in additional federal revenue. IRS Commissioner John Koskinen faced Republican skepticism,…
The federal debt has reached $19 trillion, an omen of increasingly severe financial difficulties for the United States unless Washington approves sweeping budget reforms. Well over $13.6 trillion of that total is known as “debt owed to the public,” meaning…
In its spending bill for Fiscal 2016, Congress seemed to acknowledge that medical research had been cut too deeply for over a decade. The legislation will boost that funding in the coming months. “But without reforms to address the basic…
On the campaign trail, voters are hearing promises of big tax cuts from the Republican presidential candidates and of big spending increases from the Democrats. Meanwhile, back in Washington last week, the nonpartisan Congressional Budget Office (CBO) released a new…
