Category: Federal Budget (US)

Billions in Taxes Go Unpaid. Under Trump, the I.R.S. Won’t Say How Much.

The New York Times – Business:
The absence of the annual estimate on the tax gap could make it more difficult to assess whether more taxes are going unpaid since President Trump took office.
Federal Employees Were Paid $9.5 Billion Not to Work in 2025 Under DOGE Effort

The New York Times – On the Runway:
As part of the Department of Government Efficiency’s program to shrink the federal work force, paid administrative leave costs rose by 435 percent.
10-Year Treasury Yield Reaches 5%, Highest Level in Years

The New York Times – Business:
One of the world’s most important interest rates hit a level recorded only once since the global financial crisis, as investors continued to rebuff the Trump administration’s efforts to sway the bond market.
Some Republicans Balk at Trump’s $5,000 ‘Dividend’ Offer

The New York Times – On the Runway:
The president’s call to send a $5,000 “dividend” to every American adult if Republicans win the midterms disturbed some members of his party.
Trump Wants to Give Out $5,000 Checks. It Would Cost More Than $1 Trillion.

The New York Times – On the Runway:
The president’s pledge to hand every American adult a “dividend” if Republicans keep control of Congress in the midterm elections raises questions.
A $5,000 ‘Trump Dividend’? The Bond Market May Like a Word.

The New York Times – Business:
President Trump’s latest political gambit could cost more than $1 trillion, and further roil a volatile bond market.
Trump’s Promise of $5,000 Dividend Checks Follows Past Cash Pledges That Never Materialized

The New York Times – On the Runway:
President Trump is again talking up the possibility that the federal government will send Americans thousands of dollars in cash.
Trump’s Census Overhaul Would Exclude Some Immigrants and Remove Questions on Race

The New York Times – On the Runway:
The proposals for 2030 are among significant changes that would upend a process for helping allot congressional seats and shape policies that address disparities.
White House Plans $250,000 Renovation of 2-Lane Bowling Alley

The New York Times – On the Runway:
A White House spokesman said the alley renovations included fixing broken lights. The project comes as the president has sought a broad overhaul of the White House and its surroundings.
IRS Audit Revenue Has Plummeted Under Trump, Watchdog Finds

The New York Times – Business:
The I.R.S. lost roughly a quarter of its employees since President Trump took office, hampering the agency’s ability to conduct audits.
High Debt and Rising Prices Catch Up to Trump, as Midterms Near

The New York Times – Business:
To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.
In Trump’s Washington, Ballooning National Debt Stirs Little Action

The New York Times – On the Runway:
The relative indifference to the news that the U.S. government now owes $40 trillion demonstrates how drastically the politics of deficit spending has changed.