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The Politics Behind Permanent Trillion-Dollar Deficits

Budget Guy Stan Collender writes that budget deficits under the Trump administration are projected to hit $1 trillion in 2020 — and keep rising to $1.5 trillion in fiscal 2028. “But what’s most...
Map of the Day: Affordable Care Act Premiums Since 2014

Axios breaks down how monthly premiums on benchmark Affordable Care Act policies have risen state by state since 2014. The average increase: $481.

House Committee to Mark Up Doomed 2019 Budget

House Budget Committee Chairman Steve Womack (R-AR) announced Monday that his panel will hold a two-day markup of the fiscal 2019 budget resolution on Wednesday and Thursday. The resolution...
Another Way Trump’s Trade War Could Hurt the US

Peter Boockvar, chief investment officer at the Bleakley Advisory Group, adds another wrinkle to the dangers of an emerging trade war. In a Monday morning email, Boockvar notes that foreigners were...
Trump Calls for the Military to Add a Space Force

President Trump ordered the Defense Department on Monday to take steps toward creating a new branch of the military focused on space. "I am hereby directing the Department of Defense and Pentagon to...
Cities and States Beat the Bushes in Search of New Tax Revenues

Howard Gleckman of the Tax Policy Center notes that state and local authorities have developed a range of “unconventional state and local taxes” to supplement the revenues from the usual income,...
Obamacare Repeal Would Lead to 17.1 Million More Uninsured in 2019: Study

A new analysis by the Urban Institute finds that if the Affordable Care Act were eliminated entirely, the number of uninsured would rise by 17.1 million — or 50 percent — in 2019. The study also...