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Fiscal policy

Trump's Second Term

What a second Trump term means for U.S. fiscal health

by David Brancaccio , Ariana Rosas and Erika Soderstrom
Nov 11, 2024
U.S. fiscal health is at higher risk after Trump won the election. Marketplace's David Brancaccio speaks with Harvard professor Jason Furman to learn more.
"President Trump was basically every week announcing a new area of income that would not be subject to tax," said professor Jason Furman. "You add all of that up, and it's more than $10 trillion worth of promises."
Scott Olson/Getty Images
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Most people aren't rich enough to benefit from sunsetting estate tax provision

by Savannah Peters
Nov 1, 2024
The upcoming election could impact whether a provision of Trump-era tax reform is extended beyond 2026.
Then-President Donald Trump speaks about the passage of tax reform legislation on the South Lawn of the White House in Washington, DC, Dec. 20, 2017.
SAUL LOEB/AFP via Getty Images
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National Debt

How Harris, Trump plans compare on the national debt, and why you should care

by Sabri Ben-Achour
Oct 11, 2024
The Committee for a Responsible Federal Budget says both candidates' tax and spending promises would widen deficits, Trump's by a lot more.
The Harris campaign promises funding support for elder care and first-time homebuyers, as well as hiking the corporate tax rate, and Trump's policy agenda includes expanded tax cuts and increased trade tariffs.
Drew Angerer/Getty Images
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This might be the economy that liberals wanted, but do most voters feel the same?

by Kai Ryssdal and Sean McHenry
Feb 27, 2024
If people don’t feel the strength of the economy, Democrats may have a problem this election season, says Victoria Guida at Politico.
President Biden has low approval ratings despite vigorous economic growth, low unemployment and a strong stock market.
Stephen Maturen/Getty Images
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Some economists say monetary policy is too restrictive and fiscal policy is too stimulative. Huh?

by Justin Ho
Feb 13, 2024
The two aims shouldn't compete, they say.
Anna Moneymaker/Getty Images
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Pandemic stimulus spending boosted the economy. What happens now that it's over?

by Justin Ho
Nov 13, 2023
The government's fiscal policy is fairly neutral now for a reason: More stimulus spending could hurt the Fed's fight against inflation.
You can think of the Federal Reserve's current fiscal policy as pretty neutral, says Michael Pugliese, senior economist with Wells Fargo.
Chip Somodevilla/Getty Images
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The Fed's Lael Brainard is leaving monetary policy for fiscal policy

by Stephanie Hughes
Feb 14, 2023
It takes a versatile person to go from setting interest rates to setting an economic agenda, one expert says.
Economist Lael Brainard will be the next director of the National Economic Council, the White House announced Tuesday.
Drew Angerer/Getty Images
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The economic legacy of the Jan. 6 insurrection is "intertwined" with the pandemic

by Kai Ryssdal and Sean McHenry
Jan 6, 2022
“So much is good about the recovery,” said Wendy Edelberg of the Brookings Institution. Yet “we’re still in the midst of chaos.”
Protesters loyal to Donald Trump at the U.S. Capitol building on Jan. 6, 2021. The nation's political instability, said Wendy Edelberg of Brookings, "makes me nervous for the year ahead."
Tasos Katopodis/Getty Images
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Race and Economy

For Black workers, unemployment is 4 percentage points higher than for whites. Can the Federal Reserve fix that?

by Kai Ryssdal and Andie Corban
Sep 9, 2021
Wendy Edelberg, director of the Hamilton Project, says monetary policy has a roleay, but it's "not the whole show."
Fed Chair Jerome Powell. The central bank has been keeping interest rates low, but Wendy Edelberg says in the near future it should let the economy "grow on its own two feet."
Scott Olson/Getty Images
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Dallas Fed president on the mood in the Fed’s Zoom room

by Kai Ryssdal and Maria Hollenhorst
Dec 18, 2020
“This downturn has not felt like a normal downturn for the whole economy because of fiscal relief,” says Robert Kaplan.
Robert Kaplan, president and CEO of the Dallas Federal Reserve.
Courtesy of the Federal Reserve Bank of Dallas
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