Fiscal Policy

President Joe Biden on Saturday called embattled British Prime Minister Liz Truss' abandoned tax cut plan a "mistake."

Even though they worry government spending is a main cause of inflation, Americans want the stimulus checks that over 15 states have adopted.

Supporters of student debt cancelation have argued some estimates overstate the policy’s price-tag.

Federal income tax rate brackets, and many other federal tax parameters, are indexed for inflation.

Economists accuse bondholders of standing to make huge profits at the expense of the crisis-hit country

In this infographic, we examine new data that ranks the top 25 countries by their default risk.

Documenting, preserving, and commemorating FDR's New Deal. Discover the New Deal on our interactive map, view photos and read New Deal stories.

There is a clear correlation between trust in government and trust in public institutions, but a few countries buck the trend.

$49.2 billion of it can be spent for literally any purpose.

It wasn’t long ago that the U.S. economy needed a shot in the arm. Millions of Americans had lost their jobs as the country shut itself down to slow the spread …

Key holdout Senator Joe Manchin said Tuesday he discussed a tax increase and deficit reduction bill with Senate Majority Leader Chuck Schumer as a way to reduce soaring inflation.

Lawmakers in both Maryland and Georgia have officially suspended the state gas tax in an effort to help drivers over the coming weeks. Politicians have chosen a politically popular policy rather than addressing a more serious underlying issue.

Which tax expenditures, or tax breaks, will lead to the biggest government revenue losses over the next ten years?

Global debt reached $226T by the end of 2020 – the biggest one-year jump since WWII. This graphic compares the debt-to-GDP ratio of various countries.

Michigan Gov. Gretchen Whitmer is seeking to define how billions of dollars in the state surplus as part of her Wednesday State of the State address.

Since adult-use retailers opened in Massachusetts in November 2018, gross total sales have now reached $2.54 billion.

According to the WEF, the retirement savings gap is growing at $28 billion every 24 hours - and it could be the 'financial equivalent of climate change'.

Congressional Democrats voted to raise the debt ceiling, avoiding the risk of default with only hours to spare.

It turns out that big surpluses have been almost universal across states.

WASHINGTON (AP) — House Democrats added a new paid family leave program, immigrant work permits and a state-and-local tax break to President Joe Biden’s $1.75 trillion social services and environmental bill Wednesday, reviving key priorities in the rush to finish up and start voting after dismal overnight election results.

Using the tax-to-GDP ratio, we compare the tax systems of 35 OECD countries. See which nations have the highest and lowest rates.

WASHINGTON (AP) — The White House and Democrats are hurriedly reworking key aspects of President Joe Biden’s $2 trillion domestic policy plan, trimming the social services and climate change programs and rethinking new taxes on corporations and the wealthy to pay for a scaled-back package.

It's mid-July, a particularly important date this year for parents. No, I'm not talking about the Advance Child Tax Credit payments that started going out today. I'm talking about the imminent arrival of the 2021-22 school year. With the COVID-19 pandemic somewhat under control — Be gone, Delta variant and everyone please get vaccinated! — schools across the country will be opening this year. Yes, that sound you hear over the internet is millions of parents celebrating. Tax holidays, too: That other sound you hear is taxpayers, both parents and child-free, celebrating, too, because the annual back-to-school tax holidays also...

Since Gov. Gretchen Whitmer announced a $5 million lottery pool for those getting the COVID-19 vaccine, she’s touted that 1 million have signed up for the lottery — but the state cannot say if it’s luring more people to the shots. Several local health officials say it hasn’t.

A House bill would bar 24 Michigan cities from imposing taxes on non-resident workers. Critics say that would be ‘catastrophic,’ but one Republican says ‘Thomas Jefferson would be proud.’

The Senate on Tuesday passed the U.S. Innovation and Competition Act, a $250 billion bill aimed at countering China's technological ambitions.

JEFFERSON CITY, Mo. (AP) — Just a year ago, the financial future looked bleak for state governments as governors and lawmakers scrambled to cut spending amid the coronavirus recession that was projected to pummel revenue.

Nearly $1 billion in federal funding would go to Michigan small businesses, payroll and childcare under Gov. Gretchen Whitmer's economic restart plan.

LANSING — Gov. Gretchen Whitmer on Thursday proposed spending $300 million in federal COVID-19 funding to help Michigan businesses pay workers $15 an hour. State grants would cover the difference between an employee's current hourly wage and $15 for three months, as long as the business…

The president's budget details his ambitious (and costly) plans to invest in infrastructure and the social safety net — the likes of which the country hasn't seen in decades.