• People watch fireworks in the form of a 'smiley face' during the 4th of July Independence Day celebrations at the National Mall in Washington, U.S.

    Biggest Boom Since 1946?

    By Michael Rainey

    Economic forecasters have been offering increasingly optimistic outlooks as the pace of vaccination accelerates in the U.S., indicating that the economy could be headed for its best performance in...

  • U.S. President Biden discusses implementation of American Rescue Plan at the White House in Washington

    Biden Seeks Big Spending Boost in First Budget

    The Biden administration unveiled its first budget proposal on Friday, asking Congress for $1.52 trillion in discretionary spending for 2022, including major boosts in funding for education, health...

  • The U.S. Capitol dome is seen in Washington

    Third Largest Deficit on Record in March

    By Michael Rainey

    The federal budget deficit came to $658 billion in March, the Congressional Budget Office announced Thursday. One of the largest monthly totals on record, behind only June and April of last year, the...

  • Manchin Throws Another Wrench Into Biden Agenda

    Sen. Joe Manchin, the West Virginia Democrat who has emerged as a power center in the evenly divided Senate, made clear in an op-ed for The Washington Post Wednesday night that he opposes eliminating...

  • A Quick Guide to ‘Bidenomics’

    By Michael Rainey

    President Joe Biden is proposing an array of policies that mark a dramatic shift away from decades of conventional wisdom about economics and politics in the U.S., Greg Ip of The Wall Street Journal...