WASHINGTON — Representative Kevin McCarthy of California finally secured the House speakership in a dramatic vote ending around 12:30 a.m. Saturday, but the dysfunction in his party and the deal […]
Federal Budget (US)
Trending topics and news from the Federal Budget (US) category
Back to news homeAfter a Terrible Year for Bonds, the Outlook Is Better
“Basically, it’s never been worse than the last year,” he said in an interview.The FundamentalsBonds are loans made by investors who, in return, receive regular income, known as yield. Market […]
Jerome Powell Is Popular. His War on Inflation Could Change That.
Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week. Read More
Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible
After more than a year of trying — and failing — to pack much of President Biden’s domestic agenda into a single tax-and-spend bill, Democrats appear to have finally found […]
Biden’s Curious Talking Point: Lower Deficits Offer Inflation Relief
As Americans deal with the highest inflation in decades, President Biden has declared that combating rising costs is a priority for his administration. Lately, he has cited one policy in […]
I.R.S. Braces for Another Chaotic Tax Season
WASHINGTON — At the Internal Revenue Service’s sprawling Kansas City, Mo., processing center, teams of clerks earning $15 per hour work through the night, trying to help the agency clear […]
Modern Monetary Theory Got a Pandemic Tryout. Inflation Is Now Testing It.
The problem is that the alternative to a Fed response is, at the moment, not obvious. The Biden administration’s attempts at tamping down price increases — longer port hours, release […]
Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds
Mr. Bernstein stipulated that while debt financing has its place, the White House also believes it has firm limits within its agenda. “The outcome of all this is going to […]
Republicans Who Assailed Biden’s Stimulus Bill Are Embracing the Money
“It’s like the python that ate the rat,” Brad Whitehead, a nonresident senior fellow at the Brookings Metropolitan Policy Program, said of the struggle to shepherd so much federal money […]
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 […]