Powell calls for returning focus to the federal debt
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.
tax
Planned Parenthood has ‘no right to perform abortions,' Ohio can defund: 6th Circuit
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.
U.S. Trade Gap Surged to $621 Billion in 2018, 10-Year High
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.
Federal deficit balloons 77 percent in first third of the fiscal year
The federal deficit for fiscal year 2019 ballooned 77 percent in the first four months, compared to the previous year.
Kavanaugh slams ‘pure discrimination’ against churches as court declines to hear religious liberty case
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.
Trump Admin Ends Abortion 'Slush Fund,' Frees Taxpayers from 'Forced Partnership with Abortion Industry'
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.
Government report reveals CBO was scandalously off in Obamacare estimates
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.
Death of internet? EU endorses killer copyright overhaul
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.
Pelosi holds Democrats together to pass spending deal
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.
Declassified report on UNRWA accuses State Department of misleading Congress on Palestinian textbooks
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.
Trump says he'll meet with China's Xi after trade talks end with no deal
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.
Shutdown shrinks as thousands more employees called in to work without pay
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.
'Major concerns': Resolution of border wall showdown not likely to end shutdown
Even if the wall debate is resolved, it’s not necessarily the end of the shutdown that has gone well into its fourth week.
IRS unable to recoup nearly $1 billion in Obamacare subsidies
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.
DOJ asks appeals court to block look at Trump finances
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.
U.S. federal judge rules Obamacare unconstitutional
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.
Macron plans 'important announcements' after fourth week of protests
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.
France suspends fuel tax, utility hikes amid large-scale rioting
After days of unrest that included widespread rioting in Paris, the French government relented Tuesday and agreed to suspend utility hikes and a controversial fuel tax, the country's prime minister announced.
House lawmakers introduce first bipartisan carbon tax bill in a decade
A small group of Democratic and Republican House lawmakers introduced Tuesday night the first bipartisan carbon tax legislation in nearly a decade as a way to combat climate change.
Feds Collect Record Taxes in October; Still Run $100B Deficit
The federal government collected record total tax revenues of $252,692,000,000 in October, the first month of fiscal 2019, according to the Monthly Treasury Statement released Tuesday.