• FILE PHOTO: Dimon, Chairman and CEO of JPMorgan Chase & Co. speaks during the Milken Institute Global Conference in Beverly Hills

    Trump Tax Cuts Have Saved 6 Big Banks $32 Billion

    The six biggest U.S. banks have saved $32 billion in taxes, including $18 billion last year, as a result of the 2017 Trump tax cuts, Yalman Onaran reports at Bloomberg News. The average effective tax...

  • U.S. President Donald Trump visits a section of the U.S.-Mexico border wall in Otay Mesa

    Trump Wants to Divert Military Funds to His Wall Again

    President Trump is planning to shift $7.2 billion in Pentagon funds toward construction of border barriers this year — more than his administration reprogrammed last year and five times what Congress...

  • 4 Potential Reforms for the Capital Gains Tax

    Reforming the capital gains tax is one way to simultaneously address both rising inequality and growing federal deficits, say William G. Gale and Grace Enda of the Brookings Institution. The current...

  • Julia Rosamond discusses a new Medicaid rule in Lepanto Arkansas

    More Than 2 Million Adults Fall Into Medicaid ‘Coverage Gap’

    The Affordable Care Act enabled states to expand their Medicaid programs to include millions of low-income adults, but as of today 14 states have declined to do so (see this tracker for more details...

  • District of Columbia

    The Deficit Topped $1 Trillion in 2019

    The federal budget deficit for calendar year 2019 topped $1 trillion, according to data released by the Treasury Department Monday. Some details: The shortfall from January through December totaled $...

  • New York Mayor Bloomberg speaks to reporters after his meeting regarding gun violence with U.S. Vice President Biden in Washington

    Trump and Bloomberg Clash Over Health Care

    Following the release of a new ad from Democratic presidential candidate Michael Bloomberg that accuses President Trump of being a “destroyer” when it comes to health care, the president claimed in a...

  • Chart of the Week: Trump Adds $4.7 Trillion in Debt

    The Committee for a Responsible Federal Budget estimated this week that President Trump has now signed legislation that will add a total of $4.7 trillion to the national debt between 2017 and 2029...

  • A cyclist passes the U.S. Capitol in Washington

    House Democrats Likely to Skip Budget Resolution This Year

    House Democrats are likely to skip passing a budget resolution this year, House Budget Committee Chairman John Yarmuth (D-KY) said, according to The Hill’s Niv Elis : “Over the summer, congressional...

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