The tariffs thrown out by the Supreme Court had become an important revenue source. President Trump said he could replace that money with other levies.
Category: Federal Budget (US)
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Tariff Whiplash Clouds Outlook for Federal Budget
The New York Times – Business: -
Trump Sought Vast Budget Cuts. Congress Granted Few.
The New York Times – Business:In a series of deals over the past three months, lawmakers rejected some of the president’s most aggressive attempts to whittle down the government.
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Another Government Shutdown? Here’s What Travelers Should Know.
The New York Times – Business:It was not immediately clear whether passengers would face delays at airport security checkpoints in the coming days if a government shutdown does occur.
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Federal Debt to Hit Record Levels, Budget Office Warns
The New York Times – Business:President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire.
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Trump’s First Year Could Have Lasting Economic Consequences
President Trump’s policies have so far done little to change the overall state of the American economy, but economists warn they will ultimately weaken the United States.
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In a Risky Gambit, Trump Tries Brute Force to Lower Prices
To assuage cost-weary voters and combat inflation, the president has resorted to a mix of threats and punishments, targeting companies and policymakers alike.
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Trump Upended the Federal Government. The Full Scope of the Impact Is Still Unclear.
President Trump achieved his goal of shrinking the work force. But many current and former officials say the government is less dependable and efficient than it was a year ago.
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Trump’s Cuts Hobbled US Labor Board, Leaving Festering Disputes and a Power Struggle
Advocates fear damage to labor protections if the Supreme Court upholds the president’s move to control federal agency staffing.
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Groups Sue to Reverse Trump’s Cuts to Energy Projects in Democratic States
A lawsuit filed on Monday argued that the president has discriminated against blue states by slashing federal funds for political leverage during the shutdown.
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As Low-Income Shoppers Tighten Belts Further, Businesses Worry
A delay in SNAP benefits mixed with a decline in foot traffic has many stores, restaurants and food producers concerned about sales.
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How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy
The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.
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Trump Team Now Claims Its Trillions in Tariff Revenue Are ‘Incidental’
In arguments before the Supreme Court, the White House backed away from its claims that President Trump’s tariffs were about raising revenue.