Deficit

Know-nothing pundits and politicians have been communicating to Americans that inflation is, like the weather, a mystery they can’t control.

President Joe Biden's budget is stuffed full of frivolous spending, fantasy math, and more than a little insanity - all courtesy of your wallet.

President Joe Biden released his $5.8 trillion budget for fiscal year 2023 on Monday, including significant funding for the police, in an effort to set himself apart from progressives in his party who have advocated for defunding the police. Biden also called for more defense spending and a new minimum tax targeting the rich.

Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.

Newly uncovered federal grant documents show that the U.S. Department of Education awarded roughly $2.5 million in taxpayer dollars to a Florida-based education program that trains future teachers and other professionals in, among other things, critical race theory.

When debt grows so much that people don’t believe the Treasury will pay it, they sell their bonds and buy other things, sending prices through the roof.

Former Treasury official Steven Rattner writes in the NYT that the president is being "disingenuous" in his approach to U.S. economic issues.

The national debt rose from almost $28 trillion to $30.01 trillion so far under Biden's first term, according to Treasury data

U.S. trade deficit in goods surges to record high.

Democratic governor Gavin Newsom has planned to use some of the state's budget surplus from federal COVID stimulus payments toward climate-related projects.