Federal Debt Is Now Worrying Even Progressives
The 119th Congress began, as it so often has in recent years, with calls from Republican politicians for wrestling down the national debt, which is near a record level relative…
Higher Interest Rates Make Federal Debt More Expensive
The path of interest rates over the next year doesn’t just affect the cost of mortgages and car loans. It also makes it more expensive for the federal government to…
White House Budget Office Orders Pause in All Federal Loans and Grants
The White House budget office has ordered a pause in grants, loans and other federal financial assistance, according to a memo sent to government agencies on Monday, potentially paralyzing a…
Read the Memo Pausing Federal Grants and Loans
2025), Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government (Jan. 20, 2025), and Enforcing the Hyde Amendment (Jan. 24, 2025). These executive…
Senate Confirms Scott Bessent as Treasury Secretary
The Senate on Monday voted 68 to 29 to confirm Scott Bessent to be President Trump’s Treasury secretary, putting in place the new administration’s top economic official who will steer…
Musk Plan for Retooling Government Takes Shape, but Big Questions Loom
The initial plan for retooling the federal government under President Trump started with three loyal billionaires: the banker Howard Lutnick, the tech leader Elon Musk and the entrepreneur Vivek Ramaswamy.…
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Treasury Secretary Janet L. Yellen told Congress on Friday that on Jan. 21 the Treasury Department will have to begin using “extraordinary measures” to prevent the United States from defaulting…
Biden’s Presidential Legacy: An Era of Change, Forever Marked by Trump
President Biden ran for the White House promising to be a transitional figure, then once he got there began thinking of himself as a transformational one. But after a tumultuous…