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Government spending

What do people think causes inflation?

by Daniel Ackerman
Jun 12, 2024
A survey reveals the general public doesn't always agree with economists on what causes higher prices.
"People have a very valid lived experience that just sometimes doesn't align with our official statistics," said Harvard economist Stefanie Stantcheva.
Kena Betancur/Getty Images
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National Debt

Tax breaks are popular. They also cost the federal government more than $1 trillion a year.

by Kimberly Adams
May 24, 2024
In the debate over the debt and deficit, experts say tax breaks that skew toward the wealthy deserve as close a look as government spending.
“The IRS has basically been turned into not just a revenue-collection agency, but also basically a welfare agency having to give people goodies and tax breaks for all sorts of different things that they do," economist Gerald Prante says.
Michael Bocchieri/Getty Images
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National Debt

Child care gets a boost in the new federal spending law, but advocates say it isn't enough

by Kimberly Adams
Mar 27, 2024
They say programs designed to help low-income families are only reaching a fraction of those eligible.
"We got this $1 billion increase that's going to help the [child care] programs that exist, but we need so much more," said the Century Foundation's Julie Kashen.
Ina Fassbender/AFP via Getty Images
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National Debt

Economic issues at the annual CPAC meeting

by Kimberly Adams
Feb 19, 2024
At the annual meeting of right-wing thinkers, economic issues such as tariffs and government spending are expected to be discussed.
Former President Donald Trump is slate to speak at this year's CPAC and has already said he wants another round of tariffs.
Roberto Schmidt/AFP via Getty Images
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Breaking Ground

FDR's New Deal transformed the economy. Could Biden do the same?

by Kai Ryssdal , Andie Corban and Maria Hollenhorst
Jan 24, 2024
We look back at a moment in U.S. history when the federal government remade its relationship with the economy.
President Joe Biden sits in the Oval Office in November. Above the fireplace is a portrait of Franklin D. Roosevelt.
Andrew Caballero-Reynolds/AFP via Getty Images
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National Debt

Why the U.S. budget deficit grew so much in the last year

by Sabri Ben-Achour and Alex Schroeder
Oct 23, 2023
No surprise: Inflation, higher interest rates and the pandemic all play a role.
Chip Somodevilla/Getty Images
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Climbing 10-year Treasury yield signals costlier future for buying, borrowing

by Sabri Ben-Achour
Aug 18, 2023
If the Federal Reserve needs to keep interest rates higher to continue battling inflation, 10-year yields will have to compete.
The Treasury Department is issuing a lot of bonds to pay for recent government spending. Above, a statue of Alexander Hamilton outside the agency's offices.
Chip Somodevilla/Getty Images
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National Debt

We have a debt ceiling deal. So what happens next?

by Kimberly Adams
Jun 2, 2023
Now, agencies and Congress need to figure out how to implement the thing.
Congress will soon have to turn broad spending limits into actual appropriations bills for the next fiscal year.
Stefani Reynolds/AFP via Getty Images
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National Debt

The debt limit deal would reduce government spending by about $1.5 trillion

by Justin Ho
May 31, 2023
Reduced government spending can have an impact on the broader economy. But economists say the effects will likely be limited.
"It does slow the economy, but not in a particularly meaningful way," said economics professor Justin Wolfers of the debit limit deal reached by House Speaker Kevin McCarthy and President Joe Biden.
Drew Angerer/Getty Images
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Public spending on preschool hasn’t gone up in two decades

by Ali Budner
May 18, 2023
A new report finds that funding has stagnated in the last two decades. Some states are trying to buck the trend.
Public funding for preschools has stagnated in the last 20 years. Some states like New Jersey are looking to change that.
Daria Nipot / Getty Images
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