January 20, 2021
It was fascinating to watch Treasury-secretary designate Janet Yellen and several Republican members of the Senate Finance Committee dance their delicate deficit dance at Yellen’s...
January 19, 2021
Largely as a consequence of the pandemic, trillions of dollars have been flowing out of the Treasury’s coffers. The Congressional Budget Office (CBO) projects the...
January 21, 2021
Capitalism produces a dizzying array of products and, in the process, generates an enormous amount of wealth. But capitalism creates a problem in that the...
January 15, 2021
President-elect Joe Biden proposed a new $1.9 trillion pandemic relief plan last night that would substantially cut taxes for low- and moderate-income households, especially those...
January 14, 2021
With Joe Biden in the White House and narrow control of the Congress, Democrats are likely to try to restore the full state and local...
January 6, 2021
With improbable Democratic wins in both Georgia Senate runoff elections, President-elect Joe Biden has an opportunity to govern with a congressional majority—though one that will...
January 6, 2021
Over 20 million people—dependents who are college students, adults with disabilities, or elderly parents cared for by their adult children—were missed when calculating economic impact payments not once, but twice. Why?
January 5, 2021
One of the very oddest things about the bizarre debate over whether to increase the latest round of direct government payments from $600 per person...
December 29, 2020
The Federal Reserve Board’s 2019 Survey of Consumer Finances (SCF) helps us understand US wealth disparities prior to the COVID-19 pandemic that has disproportionately harmed...