Newsletter Archive

May 2021

Biden’s Big-Spending Budget: 6 Takeaways

President Joe Biden is set to propose a $6 trillion budget for the coming fiscal year that envisions maintaining federal spending at its highest sustained levels since World War II and would result in a decade of deficits topping $1.3…

Plus: Plus, Republicans release $928 billion counteroffer on infrastructure

Is Inflation About to Run Wild?

A new report from the Government Accountability Office identifies dozens of ways the federal government can save billions of dollars while improving the effectiveness of its spending – a task that will become all that much more pressing as…

Plus: Plus, how Biden could save billions

Republicans Prepare $1 Trillion Infrastructure Counteroffer to Biden

Although there are growing doubts about the likelihood of reaching an agreement, Republican negotiators said they plan to make a substantial counteroffer on Thursday to President Joe Biden’s $1.7 trillion infrastructure proposal.

Plus: Plus, Elizabeth Warren wants to triple the IRS budget to help stop wealthy tax cheats

Biden Slashes Cost of Infrastructure Plan in New Offer to GOP

The Biden administration has reduced the size of its infrastructure proposal by more than half a trillion dollars, the White House announced Friday.

Plus: Plus, Biden’s budget won’t include some health care promises: report

The Rich Are Hiding a LOT of Income, Treasury Says

Wealthy taxpayers are likely hiding half or more of their non-wage income from the IRS, the U.S. Treasury Department said Thursday as part of a new report detailing the Biden administration’s plans to raise an additional $700 billion in…

Plus: Plus, Democrats consider chipping away at Biden tax on wealthy

Senators Threaten to Penalize Pentagon for Wasteful Spending

The Department of Defense has famously never passed a financial audit, with the first one coming only in 2017 following decades of avoidance of the issue. The Pentagon failed that first audit, and each one thereafter, much to the chagrin…

Plus: Plus - Fed comments spook markets

‘Car Guy’ Biden Pitches Electric Vehicles in Race Against China

President Joe Biden promoted his $2.3 trillion infrastructure plan and his proposal to invest $174 billion to grow the U.S. electric vehicle market with a visit Tuesday to the Ford Rouge Electric Vehicle Center in Dearborn, Michigan.

Plus: Plus, House Dems warn against bipartisan deal

Dash for Cash Is On as Earmarks Return to Washington

Banned for more than a decade, earmarks have returned to the halls of Congress, and lawmakers are wasting no time lining up their requests.

Plus: Plus, Democrats blow off GOP's debt limit demands