The federal government spent $2,198,468,000,000 in the first six months of fiscal 2019 (October through March), which is the most it has spent in the first six months of any fiscal year in the last decade, according to the Monthly Treasury Statements.
Richard Neal, the Democratic chairman of the House Ways and Means Committee, submitted his long-awaited request for President Trump’s tax returns on Wednesday.
The federal government spent $1,822,712,000,000 in the first five months of fiscal 2019, the most it has spent in the first five months of any fiscal year since 2009, which was the fiscal year that outgoing President George W. Bush signed a $700-billion law to bailout the banking industry and incoming President Barack Obama signed a $787-billion law to stimulate an economy then in recession.
Federal Reserve Chairman Jerome Powell said Wednesday that reducing the federal debt needs to return to the forefront of the agenda, warning that the government’s finances are unsustainable.
The U.S. Sixth Circuit Court of Appeals has overturned an earlier ruling against an Ohio law that strips Planned Parenthood and other abortion clinics public health funding.
The U.S. trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports.
The federal deficit for fiscal year 2019 ballooned 77 percent in the first four months, compared to the previous year.
The U.S. Supreme Court declined to hear a case about whether churches or other religious institutions in New Jersey are entitled to public funds for historic preservation.
The Trump administration has delivered a blow to the abortion industry, finalizing a rule that redirects Title X family planning funds away from groups like Planned Parenthood, which is America’s biggest abortion provider.
A new report from government actuaries has revealed that the Congressional Budget Office was scandalously off in its estimates of the impact of Obamacare’s individual mandate, a miscalculation that has had significant ramifications for healthcare and tax policy over the past decade.
Representatives of European Union governments have voted in favor of a plan in the EU Parliament to rewrite copyright rules, which critics say would effectively kill the Web there.
House Speaker Nancy Pelosi, D-Calif., on Thursday managed to hold most of her caucus together to pass a border security spending package, even though it lets President Trump spend $1.375 billion to build steel slat fencing, a priority that’s almost universally opposed by Democrats.
A new report by the U.S. Government Accountability Office accuses the U.S. State Department of misleading Congress over recent couple years regarding actions by the United Nations Relief and Works Agency, or UNRWA, over the distribution of textbooks that promote Palestinian violence against Israel, evidence that has long been documented.
President Donald Trump expects to meet with his Chinese counterpart Xi Jinping to try to resolve a six-month trade standoff after U.S. and Chinese negotiators ended two days of talks Thursday without settling the toughest issues that divide the world’s two biggest economies.
Thousands of aviation safety inspectors and hundreds of food, drug and medical inspectors are heading back to work without pay — and so will tens of thousands of Internal Revenue Service employees if the government shutdown is still in place when tax season begins Jan. 28.
Even if the wall debate is resolved, it’s not necessarily the end of the shutdown that has gone well into its fourth week.
The IRS overpaid nearly $4 billion to Obamacare customers through tax credits last year, and because of the way the law is written it can’t even try to collect on a quarter of that, the Treasury Department’s inspector general reported this week.
The Justice Department asked a federal appeals court Monday to stop an attempt to get a look at the Trump Organization’s tax returns and other business data, saying the case is moving too fast and needs more arguments.
A federal judge in Texas on Friday ruled the Affordable Care Act, commonly known as Obamacare, was unconstitutional based on its mandate requiring that people buy health insurance, a decision in a case that could reach the U.S. Supreme Court.
More than 1,000 people were arrested during another weekend of protests in France, as President Emmanuel Macron plans to hold talks with business leaders and trade unions Monday.