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As Lawmakers Spar Over Social Security, Its Costs Are Rising Fast
New budget projections are expected to show that the program’s spending is outpacing tax revenues as an aging population claims benefits.
Biden Picks Lael Brainard to Lead National Economic Council
Lael Brainard, the Fed’s vice chair, will become a top economic adviser along with Jared Bernstein, who will head the Council of Economic Advisers.
President Biden Is Not Backing Off His Big-Government Agenda
In his first appearance before a Republican House, the president renewed calls for large new economic programs and offered no concessions on federal spending.
Biden Weighs State of the Union Focus on His Unfinished Agenda
As the president prepares for his national address, his aides debate an emphasis on his still-unrealized plans for child care, prekindergarten and more.
Brian Deese, Top Economic Aide to Biden, Will Step Down
Brian Deese, the director of the National Economic Council, played a pivotal role in negotiating economic legislation the president signed in his first two years…
Biden and McCarthy Are Set to Discuss Debt Limit as Both Sides Trade Barbs
The hours leading up to the meeting have highlighted the differences between the White House and the Republicans who now control the House.
Black Americans Are Much More Likely to Face Tax Audits, Study Finds
A new report documents systemic discrimination in how the I.R.S. selects taxpayers to be audited, with implications for a debate on the agency’s funding.
Biden Demands Details on Budget Cuts From McCarthy
Ahead of a meeting at the White House on Wednesday, administration officials demanded that Republicans commit to avoiding a default on federal debt.
Biden Set to Hammer House Republicans on the Economy
The president has found a welcome foil in a new conservative House majority and its tax and spending plans, sharpening a potential re-election message.
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…
