Posted on

Stocks Hit a Record as Investors See Progress Toward a Spending Deal

Wall Street likes what it’s hearing from Washington lately.The S&P 500 inched to a new high on Thursday, continuing a rally aided by signs of progress in spending talks that […]




Posted on

Biden’s Plans Raise Questions About What U.S. Can Afford Not to Do

WASHINGTON — As lawmakers debate how much to spend on President Biden’s sprawling domestic agenda, they are really arguing about a seemingly simple issue: affordability.Can a country already running huge […]




Posted on

How Other Nations Pay for Child Care. The U.S. Is an Outlier.

Typical 2-year-olds in Denmark attend child care during the day, where they are guaranteed a spot, and their parents pay no more than 25 percent of the cost. That guaranteed […]




Posted on

What the Debt Ceiling Means for Social Security and More

The federal government is about two weeks away from being unable to pay its bills — and that could delay benefit payments to tens of millions of retirees, Medicare and […]




Posted on

In Push to Tax the Rich, White House Spotlights Billionaires’ Tax Rates

WASHINGTON — President Biden is leaning into his push to increase taxes on the rich as he seeks to unify Democrats in the House and Senate behind a $3.5 trillion […]




Posted on

U.S. Deficit Expected to Hit $3 Trillion in 2021, Budget Office Says

WASHINGTON — The U.S. economy is rebounding from the pandemic downturn faster than expected and is on track to regain all the jobs lost during the coronavirus by the middle […]




Posted on

One Thing Missing From the Biden Budget: Booming Growth

President Biden’s budget proposal includes billions of dollars for clean energy, education and child care — ideas being sold for their potential to increase America’s economic potential. One thing it […]




Posted on

Biden’s Plan: President to Propose $6 Trillion Budget to Boost Middle Class, Infrastructure

WASHINGTON — President Biden will propose a $6 trillion budget on Friday that would take the United States to its highest sustained levels of federal spending since World War II, […]




Posted on

Republicans Push Biden to Divert Federal Aid for Infrastructure

WASHINGTON — From California to Virginia, many states that faced devastating shortfalls in the depths of the pandemic recession now find themselves flush with tax revenues because of a rebounding […]




Posted on

Biden Seeks $80 Billion to Beef Up I.R.S. Audits of High-Earners

WASHINGTON — President Biden, in an effort to pay for his ambitious economic agenda, is expected to propose giving the Internal Revenue Service an extra $80 billion and more authority […]