Budget Battles
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April Is Financial Literacy Month. Someone Tell Congress.
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When the Budget Won’t Balance, Just Get Rid of the Budget Committee?
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With Recent Laws, Congress Has Added $540 Billion to the 2019 Deficit
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Why Trillion-Dollar Deficits Matter
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Paul Ryan's Fiscal Legacy: Lots of Red Ink
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Why Almost No One Is Happy About This Week's Balanced Budget Amendment Vote
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Yellen, Democratic Economists Say Fixing Debt Crisis Isn’t All About Entitlements
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Congress Was Hoping to Ride the Tax Cuts to the Election, but Trump May Have Other Plans
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Trump Discussed Rolling Back Part of $1.3 Trillion Spending Deal
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The Problem a Balanced Budget Amendment Can’t Fix
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A Surprise Winner in the $1.3 Trillion Spending Bill
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The Spending Deal: $1.3 Trillion, 2,232 Pages, One Messy Process
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7 Big Pentagon Numbers in the $1.3 Trillion Spending Deal
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Spending Bill Includes $320 Million for IRS to Implement Tax Law
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Waiting for the Omnibus: Clock Is Ticking on $1.2 Trillion Spending Bill
Newsletter
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Tax Day, Take 2: Filers Get More Time After IRS Glitch
Happy Tax Day … again. The IRS e-file system that was down for most of Tuesday is back up, but the outage led the agency to extend its filing deadline by a day, meaning taxpayers have until midnight...
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Why All the Warnings About Unsustainable National Debt Could Be Wrong
International economists are warning about rising global debt levels and deficit hawks in Washington are increasingly worried about what they see as unsustainable debt levels in the U.S., but a new...
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This State's a Big Winner When It Comes to Defense Spending
Spending on huge weapons programs like the F-35, which has an estimated lifetime cost of more than $1 trillion, is carefully spread around the country to maximize its economic impact – and to make it...
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Medicaid’s $37 Billion 'Improper Payments' Problem
Total outlays for Medicaid reached $596 billion in the 2017 fiscal year, up from $565 billion in 2016, and the program’s vast size and complexity makes it particularly vulnerable to issuing large...
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The Truth About Trump’s War on Amazon and the US Postal Service
President Trump issued an unexpected executive order Thursday night creating a federal task force to investigate the U.S. Postal Service’s finances, including its pricing and workforce costs. “The...
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Extending the Individual Tax Cuts Would Reduce Economic Growth: Penn Wharton Budget Model
Most of the individual tax cuts in the GOP tax overhaul that became law in December are scheduled to expire after 2025, but Republican lawmakers are expected to try to make them permanent well before...
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State Pension Funds Fall Deeper in the Hole
State pension plans are facing a massive $1.4 trillion funding gap, according to a new analysis from the Pew Charitable Trust. Pension liabilities in all 50 states increased by $295 billion to...