There's more bad news about runaway federal borrowing. Here's why nobody does anything about it.
The official arbiter of the nation’s budget outlook issued an update this week, and, well, you already know where this is going.
Biden’s plan is to let all the tax cuts expire except for workers with less than $400,000 in income. He’d also raise the corporate tax rate from 21% to 28% and impose some other taxes on wealthy filers. Biden’s tax plan would, in fact, improve the budget situation by raising about $3.5 trillion in new revenue,
When running for president the first time around in 2016, Trump said he was the “king of debt” and that, with such vast knowledge, he’d be able to pay off the national debt within eight years. While in office, however, “President Trump did not sign into law a single piece of legislation that reduced deficits,” according to the. The Trump tax cuts of 2017 have added about $1.3 trillion to the national debt. COVID-relief bills Trump signed added $3.2 trillion..
One day after it was reported that two federal judges urged Judge Aileen Cannon not to oversee the classified documents case against Donald Trump, three days of hearings began that could determine the future of the charges against the former president.“Judge Judy” Sheindlin is calling Manhattan District Attorney Alvin Bragg’s hush money case against former President Trump “nonsense.” “You gotta twist yourself into a pretzel to figure out what the crime was.
Tax Cuts The National Debt Federal Revenue Debt Reduction Congressional Budget Office Budget Outlook
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This week in Bidenomics: Please stop hiringIf Biden had his way, he might wave a wand and rapidly cool the hot labor market — because it would bring inflation down faster.
Read more »
May jobs report, Bidenomics, Lyft's investor day: Market Domination OvertimeStocks closed slightly lower on Friday, but all three of the major indexes (^DJI, ^GSPC, ^IXIC) ended the week with gains. The big driver of the market...
Read more »
This week in Bidenomics: Signs of a slowdownJust as inflation is starting to go Biden's way, other worrisome signs are popping up.
Read more »
Nvidia rally, the Fed's impact, Bidenomics: Market Domination OvertimeToday's episode of Market Domination Overtime, co-hosted by Jared Blikre and Julie Hyman, analyzes current economic and market conditions. The show opens...
Read more »
This week in Bidenomics: Something bigger than 'Bidenflation'Donald Trump's conviction on 34 felony counts might finally distract voters from thinking about what they don't like about Joe Biden.
Read more »
Bond Traders Pile Into Fresh Bets on Faster Pace of Fed CutsBond traders are tilting dovish again, piling into wagers that would benefit from a faster pace of Federal Reserve interest rate cuts as Treasuries rally.
Read more »