Lawmakers made noteworthy progress last week on spending bills for the coming year, at least as far as timeliness is concerned. Congress approved three bills and negotiators announced a bipartisan agreement on a much larger package that could avoid a government…
With the Trump administration projecting a return to trillion-dollar deficits in the fiscal year that starts Oct. 1, economists, former government officials and the public have expressed great concern about the rapid growth of the national debt. Yet this concern…
Large majorities of business economists said in a recent survey that current U.S. fiscal policy is overstimulating the economy and should be aimed at reducing the federal deficit rather than increasing it. The National Association for Business Economics said 81…
Last year’s tax legislation fell short of some supporters’ key stated goals, notably to greatly simplify the tax code and strengthen the federal government’s financial position. Two new analyses from the International Monetary Fund (IMF) and the Peter G. Peterson…