Newsletter

  • A cyclist passes the U.S. Capitol in Washington

    Congress Puts Spending Bills in Gear

    Congress is on pace to do something it hasn’t done in more than 20 years: pass all of its spending bills before the fiscal year begins on October 1. How they’re doing it: In order to move the...

  • Quote of the Day: Time to Raise Taxes?

    “Tax revenue as a percentage of gross domestic product is expected to be 16.5 percent next year. The long-term average in a full-employment economy is 18.5 percent of GDP; if revenue were at that...

  • Who Gets the 20% Pass-Through Tax Break?

    The Treasury Department released a 184-page set of guidelines Wednesday seeking to clarify just who gets to claim the new 20 percent tax deduction on pass-through business incomes. Overall, the rules...

  • Analysis: House Republicans go for broke in fiscal battles

    Extending Tax Cuts and Spending Hikes Would Raise Debt to Record Level by 2029: CBO

    The Congressional Budget Office, in its long-term outlook released in June, projected that federal debt held by the public would increase sharply over the next 30 years, climbing from 78 percent of...

  • U.S. President Donald Trump holds a space astronaut toy as he participates in a signing ceremony for Space Policy Directive at the White House in Washington D.C.

    Trump Wants $8 Billion to Build the Space Force

    The Trump administration wants to spend $8 billion over the next five years to establish the U.S. Space Force as a sixth branch of the military, Vice President Mike Pence said Thursday. In a speech...

  • Meet Trump's 'Shadow Rulers' of the Veterans Administration

    Last February, shortly after Peter O’Rourke became chief of staff for the Department of Veterans Affairs, he received an email from Bruce Moskowitz with his input on a new mental health initiative...

  • U.S. President Donald Trump at the White House in Washington, U.S. January 23, 2018.  REUTERS/Jonathan Ernst

    Stat of the Day: 0.2%

    The New York Times’ Jim Tankersley tweets : “In order to raise enough revenue to start paying down the debt, Trump would need tariffs to be ~4% of GDP. They're currently 0.2%.” Read Tankersley’s full...