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…
President Trump’s claim this week that his tariffs will enable the government to start "paying down" large amounts of the federal debt is wrong for a very simple reason: It is impossible to reduce debt while you are still adding to it.…
Ben Bernanke, Henry Paulson and Timothy Geithner played central roles in dealing with the financial crisis 10 years ago that stunned the nation and threatened economic disaster. The three former policymakers recently discussed some of the lessons to be learned…
When politicians start talking about spending cuts, they can be quick to focus on a group of federal programs -- often described loosely as “welfare” -- that provides benefits to individuals and families based on need. These and some other…
