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Karl W. SmithBloomberg |
Back in 2017, the debate around President Donald Trump’s tax cuts was a case study in how quickly a discussion around legitimate policy can descend...
Republicans in Congress have proposed a plan to shore up the Social Security Trust Fund, mainly by slowly increasing the retirement age from 67 to 69....
All the fearmongering in Washington over the $1.5 trillion federal budget deficit hides a truth few politicians would admit — that hefty headline...
The US government is barreling toward a partial shutdown on March 2 all because Congress can’t agree on a budget. The major obstacle is a small...
US federal debt will reach a record 116% of gross domestic product by 2034, up from 93% today. That’s according to the Congressional Budget Office....
We just learned that the US trade deficit with China is the narrowest in more than 13 years at $279.4 billion. This must be proof that the tariffs put...
Even as US businesses lobby President Joe Biden to reduce or eliminate the tariffs his predecessor imposed on Chinese imports, Donald Trump is...
The number of studies showing the success of universal basic income programs continues to mount. The latest comes from the Federal Reserve Bank of...
While US lawmakers have a tentative agreement to avert a US government shutdown on Jan. 20, Congressional leaders are reported to be close to a...
The pandemic taught corporate America a valuable lesson: variety is not necessarily a good thing. Disruptions to supply chains that accompanied the...
Comments by Federal Reserve Chair Jerome Powell last week that policymakers have turned their focus to when to cut interest rates suggested the...
Despite huge investment incentives from the federal government, US manufacturing output has been in a slump over the past several quarters. There is...
It seems Federal Reserve policymakers have gone from zeroes to heroes. Early last year, critics — and there were many — said the Fed was woefully...
The Biden administration is embroiled in a standoff with the European Union over tariffs. The EU wants to renegotiate a 2021 truce in a trade war over...
With its $33.7 trillion of debt and trillion-dollar budget deficit, the US’s deteriorating fiscal situation is impossible to ignore. To simply...
The US economy just enjoyed its strongest quarterly growth outside of the pandemic era since 2014, expanding at a 4.9% annualized rate in the three...
You won’t find this term in any serious economics textbook, but the only clinical way to describe the US housing market is bananas. Affordability is...
The US budget deficit for fiscal 2023 ending Sept. 30 was an eye-watering $1.7 trillion. Any pragmatic politician knows that reducing such a massive...
President Joe Biden has been traveling the US touting a manufacturing revival that he no doubt hopes will help his chances for re-election....
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