In a recent turn of events, President Donald Trump’s budget proposal, dubbed the “big beautiful bill,” clawed its way through the House of Representatives with a narrow 216-214 vote. However, this so-called victory should serve as a wake-up call to both conservatives and liberals alike. As the gavel slammed down, the sheer audacity of a
Politics
In a disheartening turn of events for state and local pension funds, a staggering $250 billion evaporated from the investments tied to public equities in 2025. This catastrophic financial slide has become a focal point for analysts and policymakers alike. Notably, $169 billion of these losses transpired within just a few days following President Trump’s
The financial management of the District of Columbia is spiraling into precariousness following critical implications from a recent continuing resolution (CR) passed by the House. For the average citizen, this bureaucratic impasse may feel like a minor nuisance, but beneath the surface lies a brewing crisis threatening to upend the D.C. government’s fiscal stability. A
The recent surge in discussions surrounding tax-exempt municipal bonds reverberates through the hallways of Congress, where the stakes are remarkably high. Academics from prestigious institutions, like the University of Chicago and the University of Texas at Austin, are sounding alarms about the government’s potential move to curb or eliminate tax exemptions. Their policy brief serves
The recent shift in the U.S. budgetary landscape, marked by the expected deliberation in the House of Representatives regarding the fiscal year 2025 budget, has ignited inter-party frictions that merit serious reconsideration by conservative lawmakers. The Senate’s earlier passage of a budget resolution, which some describe as an imposition rather than a logical extension of
As the economic landscape shifts under the weight of the Trump administration’s latest policies on tariffs, immigration, and government spending, the Federal Reserve’s cautiously stagnant response raises eyebrows. Fed Chair Jerome Powell recently reflected the central bank’s hands-off approach, suggesting that it’s too early to determine the impact of changing policies. While a wait-and-see method
When former President Donald Trump launched his ambitious plan to impose tariffs as a means of reinvigorating American manufacturing, many applauded his fervent focus on domestic jobs and industry. The promise of restoring lost jobs was music to the ears of working-class Americans anxious for revitalization. However, the harsh reality of these policies has begun
The budgetary landscape in Washington state has shifted dramatically, with Governor Bob Ferguson issuing a stern warning about the impending fiscal storm. The recent negotiations within the state legislature were met with optimism but quickly dashed by the reality that a severe deficit looms on the horizon. The projected $16 billion shortfall over the next
In the ever-evolving landscape of American finance, especially in relation to local governance, the future of tax-exempt municipal bonds hangs in the balance. A recent push from Nebraska Representative Don Bacon has sparked a critical conversation about the necessity of preserving these bonds. As the government seeks new revenue sources to fund ambitious tax policies,
The suggestion to eliminate tax exemptions for municipal bonds, as floated by some congressional Republicans, threatens to upend essential public services across America. By increasing the financial burdens on municipal utilities, this policy proposal risks driving up utility bills for average citizens and creating insurmountable operational hurdles for local governments. Public utilities, tasked with delivering