federal deficit

When Congress increases spending and cuts taxes then fails to extend the nation’s debt limit, it effectively orders the president to run deficits while prohibiting...

The Congressional Budget Office just projected a series of $1 trillion budget deficits—as far as the eye can see. Narrowing that deficit will require not...

A few years ago, the Internet went wild over a photograph of a dress. Was it blue and black, or white and gold? Many people...

Sometime within the next few days, Congress will pass, with great fanfare, what it proudly calls a $305 billion, five-year transportation bill . But while the measure will authorize much needed infrastructure spending, it won’t pay for much of it. More than one-third of the $305 billion would