How the U.S. Government Amassed $31 Trillion in Debt
Posted inBiden, Joseph R Jr Bush, George W Federal Budget (US) Medicare National Debt (US) Obama, Barack Recession and Depression Stimulus (Economic) Taxation Trump, Donald J United States Economy United States Politics and Government

How the U.S. Government Amassed $31 Trillion in Debt

Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.
Speaker Drama Raises New Fears on Debt Limit
Posted inConservatism (US Politics) Federal Budget (US) House of Representatives Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Recession and Depression Republican Party Social Security (US) Taxation United States Economy United States Politics and Government

Speaker Drama Raises New Fears on Debt Limit

An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
Posted inBureau of Economic Analysis Consumer Behavior Federal Reserve System Gasoline Tax (US) Income Income Tax Law and Legislation Personal Finances Prices (Fares, Fees and Rates) Rebates and Refunds Tax Credits, Deductions and Exemptions Taxation United States Economy

State Tax Cut Policies Prop Up Income, Fanning Inflation Worries

Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.