The Fiscal Times

Liberal Rebellion Could Sink Bipartisan Infrastructure Deal

The $974 billion infrastructure proposal offered by a bipartisan group of senators faces growing resistance in Washington, making it more likely that Democrats will go it alone and pass a package...
Selling the Bipartisan Infrastructure Deal Won’t Be Easy

The sales pitch has started for the bipartisan infrastructure bill negotiated by 10 senators. Closing a deal with the White House and fellow lawmakers won’t be easy. “Some Democrats already have...
Democratic Lawmaker Considers 'Patriot Tax' on the Rich

A Democrat who sits on the House Ways and Means Committee says he’s exploring the idea of a one-time wealth tax to help fund President Biden’s ambitious spending plans. Rep. Thomas Suozzi told The...

New Alzheimer’s Drug Could Cost Medicare Billions — Despite Lack of Evidence It Works

The Food and Drug Administration’s decision this week to approve a new Alzheimer’s drug for the first time in nearly 20 years was highly anticipated — and highly questioned. It’s also likely to be...
Bipartisan Senate Group Reaches Infrastructure Deal

Republican senators involved in bipartisan infrastructure talks said Thursday that they had reached agreement on a plan that would spend a fraction of the roughly $4 trillion proposed by President...
Tax Gap Will Total $7 Trillion Over Next Decade, Treasury Says

The gap between what Americans owe and what the IRS collects is only getting bigger, with lost revenues totaling trillions of dollars over the next 10 years, Deputy Assistant Secretary Mark Mazur...
US Budget Deficit Hits Record $2.1 Trillion in First Eight Months of FY 2021

The federal budget deficit climbed to a record $2.1 trillion in the first eight months of fiscal year 2021, the Treasury Department reported Thursday in its monthly statement . Federal revenues rose...
US to Donate 500 Million Vaccine Doses to Countries Around the World

The Biden administration has purchased 500 million doses of Pfizer's Covid-19 vaccine and plans to distribute them to countries around the world, according to multiple news reports Tuesday. President...