Fiscal Policy

The recommendation scores political points and resonates with those who believe government is inherently inefficient. But would it work?

President-elect Donald Trump and Elon Musk want to slash the ranks of government employees; 70% of civilian workers are in military-related agencies

Former President Donald Trump has proposed roughly $6.5 trillion in tax cuts, while Vice President Kamala Harris has proposed $4.2 trillion in cuts. WSJ’s Richard Rubin breaks down the very different tax plans from the two candidates.

The highest-income households would receive more than 45% of the benefits if the expiring provisions of the 2017 Tax Cuts and Jobs Act are extended, according to an analysis released Monday by the Urban-Brookings Tax Policy Center.

Step into the chancellor’s shoes and devise your Budget plan

Morning Brew delivers quick and insightful updates about the business world every day of the week from Wall St. to Silicon Valley.

Unrealized capital gains taxes may start by targeting the ultra-rich, but they will eventually target you.

The apple doesn't fall too far from the Oval Office when it comes to putting a disingenuous spin on ruinous economic policy.

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

In ten years, Americans counting on Social Security benefits for income will be in for a shock. The shock will come because the trust fund that provides about one-fifth of the cash Social Security benefits receive will run out of money in 2033. Starting in 2034, under current law, Social Security will only have enough money to pay 79% of its pro

Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.

The national debt continues to grow, but should we be worried? Do we need to cut government spending, or is the growing debt actually sustainable? What is & ...

A day after at least 23 people were killed in demonstrations against a tax increase, President William Ruto withdrew the law that he said was necessary to avoid defaulting on the country’s debt.

The spending plan featured $409 million for dozens of special projects across the state, including a zoo and minor league baseball stadiums.

The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product.

Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing. Gov. Brian Kemp on Tuesday vetoed a bill to pause for two years a sales tax exemption the state gives for building and equipping computer data centers.

Spending Explorer lets you explore the federal spending landscape through the lens of three accounting categories: Budget Function (spending purpose), Agency (spending source), and Object Class (purchased item or service).

Thirty‐​two terrible U.S. spending policies are going head‐​to‐​head in a classic, single‐​elimination tournament format. And you get to decide the worst of the bunch.

The nation's debt now stands at nearly $34.4 trillion.

Health campaigners will welcome new unit rate of 65p, which will push bottle of whisky to at least £18.20

As US debt grows, the amount of money we spend on interest increases. But how does the US government take on debt, and who do we pay interest to?

Shortly after a Delaware judge voided Elon Musk’s $55 billion Tesla Inc. compensation package, the billionaire took to social media to vent his feelings: “Never incorporate your company in the state of Delaware.”

In fiscal year 2023, the federal government is estimated to spend $6.3 trillion, amounting to 24.2 percent of the nation’s gross domestic product (GDP). Of that $6.3 trillion, over $4.8 trillion is...

The federal government routinely uses government spending and taxes to help offset the highs and lows of the U.S. business cycle. While government spending typically increases during a recession, the magnitude of the fiscal expansion during the pandemic recession was outsized compared with the average historical pattern. This likely contributed to real economic growth and possibly inflation during the recovery. Over the next few years, U.S. fiscal policy is expected to be roughly neutral, providing neither a tailwind nor headwind to the overall economy.

The U.S. government spent $659 billion this year paying off the interest on its debt, according to a Treasury report released Friday.

The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose.

People's Pie is a balancing act! You must fund important programs without setting tax rates too high or borrowing too much money. To succeed, you must keep your residents happy and avoid a burdensome national debt. Are you ready for a piece of People’s Pie? In People's Pie, you will:

The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years.

This annual publication provides details of taxes paid on wages in OECD countries. This year’s edition focuses on the impact of recent inflation on labour taxation in the OECD and how countries adjust their tax systems in response.