• Democratic U.S. presidential candidate Joe Biden speaks about U.S. economy at a metal works plant in Dunmore, Pennsylvania

    Why Joe Biden Wants to Go Big on a Stimulus Package

    Some Democratic economic policy wonks have long believed they made a serious mistake during the Great Recession: The $787 billion stimulus package President Barack Obama signed into law in 2009 just...

  • Biden’s Tax Plan: Who Really Would Pay More?

    Joe Biden’s tax plan would have high earners paying significantly more, with the top 1% of households shouldering 80% of the increase while those earning less than $400 would see no change on average...

  • The American Flag flies at the U.S. Capitol Building, as Mayor Muriel Bowser declared a State of Emergency due to the coronavirus disease (COVID-19), on Capitol Hill in Washington

    US Debt Costs Falling Even as Borrowing Soars

    Interest costs on the national debt have fallen about 10% this fiscal year, even as the amount of debt issued by the U.S. Treasury has hit record levels, Bloomberg reported Friday. And over the next...

  • U.S. President Trump hosts coronavirus response task force briefing at the White House in Washington

    Trump’s Payroll Tax Plan Fizzles

    President Trump’s payroll tax deferral plan is fizzling. The plan , meant to boost workers’ incomes by allowing their employers to postpone collection of the 6.2% employee share of the tax funding...

  • Senate Dems Block GOP’s Scaled-Back Coronavirus Relief Bill

    Senate Republicans on Thursday failed to advance their scaled-back coronavirus relief package, as Democrats blocked the roughly $650 billion plan, which they called woefully inadequate. House...