President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.
Category: Federal Budget (US)
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Yellen Issues Debt Limit Warning to Congress
The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.
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Spending Fight Shows Limits of Trump Power to Change Fiscal Path
Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses.
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How a Government Shutdown Could Affect the Economy
A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.
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Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.
President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.
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High on Hope, Wall St. Hears What It Wants From Trump
Investors and executives are often emphasizing what they like in the president-elect’s agenda, while dismissing what they don’t as mere posturing.
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Scott Bessent, Trump’s Treasury Pick, Is Poised to Test ‘Three Arrows’ Economic Strategy
Scott Bessent’s “3-3-3” plan to stimulate growth, reduce the deficit and expand oil production will soon face economic realities.
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Billy Long Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.
Since leaving Congress in 2023, Billy Long has peddled a pandemic-era tax credit that the I.R.S. has warned is a magnet for fraud.
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Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.
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Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?
Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.
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The High Risk, High Reward Trump Market
Faced with unconventional and disruptive proposals, investors are figuring out how to place their bets.
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The Market Is Fairly Upbeat. Is It the Calm Before a Storm?
Stocks have risen this year despite uncertainties and outright hostilities in U.S. politics and around the world. But bonds and other markets show signs of concern, our columnist says.