A last-minute Republican plan to extend certain tax breaks and create some new ones appears to face dim prospects this month. Time is running short for the lame-duck Congress, and a scheduled House vote was postponed on Friday. Senate passage…
Returning to Washington this week, Congress and President Trump face a pile of leftover budget work that they should try to complete with a greater sense of fiscal responsibility than they have shown in the recent past. Even if the…
The Treasury Department’s final report for Fiscal Year 2018, showing a 17 percent ($113 billion) jump in the deficit, has drawn new attention to the nation’s worsening fiscal position and injected the issue into the midterm congressional campaigns. The sobering…
Social Security benefits for more than 67 million Americans will increase 2.8 percent next year, the federal government announced yesterday. The increase, which is tied to the government’s Consumer Price Index (CPI), is the highest in seven years. While older Americans…
