#Elections

Earlier this week, Treasury Secretary Janet Yellen sent her fourth letter to Congress, urging lawmakers “to protect the full faith and credit of the United States by acting [on the debt limit] as soon as possible.” This time, she…

For several months, Republicans and Democrats in Washington, DC have been barreling towards each other on a collision course over a pair of looming fiscal deadlines. First, Congress must prevent a government shutdown by passing a temporary stopgap funding measure,…

After a one-week delay, on April 9th, the Biden administration finally released a peek at their FY 2022 budget. In it, the president proposes to spend $1.5 trillion on base (regular) discretionary programs next fiscal year, an increase of $118…

The shocking, tragic, and disgraceful events at the Capitol building on January 6th threaten to leave an indelible stain on our nation’s character. There is no getting around the fact that here in our supposedly stable democracy the Constitutional process…

The federal government released its much-anticipated preliminary estimate of third quarter real GDP this week. The report arrives at a pivotal time in America: on the eve of a hotly contested presidential election where both candidates are aggressively prosecuting their…

On September 30, the federal government ended fiscal year 2020 with a budget deficit of $3.1 trillion. At an estimated 15.2 percent of gross domestic product (GDP), it was the largest deficit since 1945. On October 7, a fly nestled…

The economic devastation imposed by the coronavirus has been swift, steep, and wholly unlike any prior recession. In March, the government purposely induced a nationwide economic coma to curb the spread of the deadly coronavirus and deployed bazookas of money…

Federal Reserve Board chairs do not often comment on U.S. fiscal policy, so it was unusual last week when the current chair, Jerome Powell, said in a press conference, “This is the time to use the great fiscal power of…