The novel coronavirus that began sickening patients in China in early December 2019 has spread across the globe. The federal fiscal response to the outbreak in the U.S. has properly focused on two objectives: fight the virus and stabilize the…
A welcome ray of hope pierced the partisan Washington fog last week when a bipartisan group of lawmakers outlined a new COVID-19 relief plan. Nine Senators - four Republicans, four Democrats, and one independent - joined the House Problem Solvers…
President Trump stunned politicos, investors, business groups, the media, and ordinary Americans alike earlier this week when, by executive tweet, he suddenly and unexpectedly withdrew from negotiations on a second major COVID relief package after weeks of shuttle diplomacy with…
The last time the U.S. federal deficit was this high, as a percentage of the total size of the economy, was 1946. The debt-to-GDP ratio was 119%. There’s news that amid the pandemic the amount of government borrowing this year is…