The Yuge Republican Lie About the Deficit

by Robert Reich When asked about America’s soaring debt and deficits, Senate Majority Leader Mitch McConnell lamented “It’s disappointing, but it’s not a Republican problem,” and he blames Social Security, Medicare and Medicaid. Rubbish. It’s… Read More

Trump to seek $8.6 billion to finish border wall before 2020 election

President Donald Trump will ask Congress for another $8.6 billion to complete a 722-mile wall along the U.S.-Mexico border, a senior administration official told POLITICO on Sunday, part of a cost-cutting opening budget offer that… Read More

Senators Urge IRS to Focus on Big-Time Tax Cheats, Citing ProPublica Stories

Bernie Sanders, Elizabeth Warren and three fellow senators say the agency should do more to tackle financial crimes, even in the face of crippling budget cuts. by Paul Kiel and Jesse Eisinger In a letter… Read More

As budget deficit balloons, few in Washington seem to care

The federal budget deficit is ballooning on President Donald Trump’s watch and few in Washington seem to care. And even if they did, the political dynamics that enabled bipartisan deficit-cutting deals decades ago has disappeared,… Read More

One third of UK billionaires have moved to tax havens

A third of British billionaires have moved to tax havens over the past decade, it has been reported. An investigation by The Times found that 28 out of 93 British billionaires – 30% – have moved to… Read More

In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

America’s trade deficit in goods with the rest of the world rose to its highest level in history last year as the United States imported a record number of products, including from China, widening the… Read More