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

No-deal Brexit could cost Japanese carmakers in UK $1bn a year

A no-deal Brexit would cost Japanese carmakers in Britain more than $1bn a year if 10% tariffs were imposed on trade between the UK and EU, new analysis suggests. Nissan, Toyota and Honda together account… 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

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

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

The politics of Trump nightmares

by Brent Budowsky The single most important fact in American political life is the degree that so many Americans believe, with a deep sentiment of dread and foreboding, that the Trump presidency has become a… Read More