Yellen Would Assume Vast Policy Portfolio as Treasury Secretary

From trade and sanctions to tax policy and financial regulation, the former Fed chair will be at the center of the new administration’s agenda.

#appointments-and-executive-changes, #biden-joseph-r-jr, #content-type-personal-profile, #coronavirus-2019-ncov, #corporate-taxes, #embargoes-and-sanctions, #federal-budget-us, #national-debt-us, #presidential-transition-us, #regulation-and-deregulation-of-industry, #treasury-department, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government, #yellen-janet-l

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Why the Election Worked Out Well for Libertarians and Deficit Hawks

Libertarians are pleased to have likely dodged the bullet of one-party government control.

#biden-joseph-r-jr, #immigration-and-emigration, #libertarianism-us-politics, #national-debt-us, #presidential-election-of-2020, #protectionism-trade, #united-states-politics-and-government

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Biden and Surrogates Hit Trump on Taxes in Closing Argument

“Why should you pay more taxes than Donald Trump?” Joseph R. Biden Jr. asked as he took aim at the president’s taxes and tax policy.

#biden-joseph-r-jr, #corporate-taxes, #federal-budget-us, #federal-taxes-us, #harris-kamala-d, #house-of-representatives, #income-tax, #internal-revenue-service, #mcconnell-mitch, #national-debt-us, #obama-barack, #presidential-election-of-2020, #sanders-bernard, #senate, #trump-tax-returns, #trump-donald-j

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How the G.O.P. Can Still Wreck America

Even if Trump loses, his party can do immense damage.

#coronavirus-2019-ncov, #elections-senate, #global-warming, #national-debt-us, #presidential-election-of-2020, #republican-party, #senate, #state-legislatures, #trump-donald-j

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‘I Keep My Promises,’ Trump Said. Let’s Check.

Here’s a report card on whether the president met his 2016 campaign pledges.

#illegal-immigration, #labor-and-jobs, #national-debt-us, #presidential-election-of-2016, #presidential-election-of-2020, #russian-interference-in-2016-us-elections-and-ties-to-trump-associates, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Federal Borrowing Amid Pandemic Puts U.S. Debt on Path to Exceed World War II

Federal debt, as a share of the economy, hit 98 percent in the 2020 fiscal year. Many economists are pushing lawmakers to add even more to it.

#congressional-budget-office, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #national-debt-us, #presidential-election-of-2020, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Trump Heads Into General Election He Casts as a Crusade for Law and Order

As President Trump accepted the nomination for a second term, he baselessly accused Democrats of giving “free rein” to violent anarchists and criminals, while allies and friends provided explicit rebuttals to his vulnerabilities — on racism, sexism and the coronavirus.

#biden-joseph-r-jr, #blake-jacob-august-23-2020-shooting, #demonstrations-protests-and-riots, #harris-kamala-d, #kenosha-wis, #kushner-jared, #national-debt-us, #police-brutality-misconduct-and-shootings, #presidential-election-of-2020, #race-and-ethnicity, #republican-national-convention, #republican-party, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government

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We Just Crossed the Line Debt Hawks Warned Us About for Decades

The country’s debt now exceeds the size of its gross domestic product. For decades, this was considered a doomsday scenario that would wreck the economy. So far, that hasn’t happened.

#congressional-budget-office, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #government-bonds, #gross-domestic-product, #interest-rates, #national-debt-us, #united-states-economy, #united-states-politics-and-government

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Your Climate Disaster Tax Bill Is Growing

The federal government’s spending on calamities related to global warming is a rapidly rising fiscal threat.

#blackrock-inc, #disasters-and-emergencies, #federal-emergency-management-agency, #federal-national-mortgage-assn-fannie-mae, #flood-insurance, #floods, #greenhouse-gas-emissions, #hurricanes-and-tropical-storms, #moodys-investors-service-inc, #national-debt-us, #national-flood-insurance-program, #national-oceanic-and-atmospheric-administration, #taxation, #united-states, #united-states-economy, #weather, #wildfires

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Government Spending? In This Economy?

Congress is debating how much to spend on economic relief. Every plan will require borrowing money the U.S. doesn’t have.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-budget-us, #federal-reserve-system, #house-of-representatives, #national-debt-us, #powell-jerome-h, #recession-and-depression, #senate, #unemployment, #united-states-economy, #united-states-politics-and-government

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How Washington Learned to Embrace the Budget Deficit

Many economists who once warned of mounting debt are now urging lawmakers to spend more to combat economic pain from coronavirus.

#coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #economic-conditions-and-trends, #federal-budget-us, #interest-rates, #kelton-stephanie, #national-debt-us, #recession-and-depression, #trump-donald-j, #united-states, #united-states-economy

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What Will the Coronavirus Do to Our Deficit?

The only fiscal thing to fear is deficit fear itself.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #mcconnell-mitch, #national-debt-us, #news-and-news-media, #republican-party, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Congress Shovels Trillions at Coronavirus Stimulus, With No Endgame in Sight

As lawmakers scramble to assemble the largest government relief effort in decades, they are locked in a cycle of reacting to events and hoping for better economic news.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #house-of-representatives, #national-debt-us, #senate, #unemployment, #united-states-economy, #united-states-politics-and-government

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Congress Shovels Trillions at Virus, With No Endgame in Sight

As lawmakers scramble to assemble the largest government relief effort in decades, they are locked in a cycle of reacting to events and hoping for better economic news.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #house-of-representatives, #national-debt-us, #senate, #unemployment, #united-states-economy, #united-states-politics-and-government

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No Fight Over Red Ink Now, but Virus Spending Will Force Tough Choices

The surge of deficit spending to “never-before-seen levels” is viewed as necessary, but dangerous for the future.

#committee-for-a-responsible-federal-budget, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #federal-taxes-us, #house-of-representatives, #national-debt-us, #senate, #tax-cuts-and-jobs-act-2017, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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