Republicans as well as Democrats have abandoned fiscal restraint, and it’s not sustainable.
Tag: Federal Budget (US)
-
Jerome Powell Is Popular. His War on Inflation Could Change That.
Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week.
-
Republicans Denounce Inflation, but Few Economists Expect Their Plans to Help
Proposed tax and spending cuts by the G.O.P., which is making a push to take back Congress, are unlikely to bring down rapidly rising prices any time soon.
-
Federal Budget Deficit Fell to $1.4 Trillion as Pandemic Spending Eased
The gap between what the government borrows and what it spends narrowed amid less spending and higher tax receipts.