Category: Federal Budget (US)

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.
Trump Administration Wants Billion-Dollar Businesses to Qualify as ‘Small’

The New York Times – Business:
Higher revenue and employee limits for small businesses that get federal contracts and loans could disadvantage the smallest companies, their owners say.
Blanche Gives G.O.P. Senators Written Assurances on Trump’s I.R.S. Deal

The New York Times – On the Runway:
Todd Blanche’s confirmation as attorney general has been held up over concerns about a planned $1.8 billion fund for Trump allies and the president’s immunity from tax scrutiny.
U.S. Invests $2 Billion and Takes Stake in Quantum Firms

The New York Times – Business:
The Trump administration said it had signed preliminary deals for equity stakes in nine quantum computing companies.
Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’

The New York Times – Business:
Brian Morrissey, the department’s general counsel, stepped down hours after the Trump administration announced the $1.8 billion fund.
Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’

The New York Times – Business:
Brian Morrissey, the department’s general counsel, stepped down hours after the Trump administration announced the $1.8 billion fund.
Senate Ruling Threatens Ballroom Funding in G.O.P. Budget Bill

The New York Times – Business:
Democrats announced Saturday night that the Senate’s top parliamentary referee had determined that the $1 billion provision did not comply with budget rules.
U.S. Debt Is Now Bigger Than the Economy. That’s Not the Real Problem.

The New York Times – Business:
Washington quickly brushed off a startling milestone in a mounting problem.
What You Need to Know About the Federal Gas Tax

The New York Times – Business:
President Trump said he would like to suspend the 18.4-cent-a-gallon tax, but it’s a move that may save drivers only a few dollars a month.
U.S. Debt Hits a Concerning Milestone, and Experts Say Trump’s Policies Could Worsen It

The New York Times – Business:
The debt is outgrowing the size of America’s economy. The president’s policies could accelerate the country’s fiscal headaches, experts say, unless policymakers intervene.