Taxes
  • Are the Tax Cuts Boosting the Economy? Why It’s Too Soon to Tell

    By Michael Rainey

    The government’s first estimate of economic growth at the beginning of 2018 was better than expected: GDP increased at a 2.3 percent annual rate in the first quarter, the Commerce Department said...

  • Moody's downgrade gives edge to safe-haven banks

    Why $21 Trillion in Debt Doesn't Bother the Credit Agencies

    By The Fiscal Times Staff

    The U.S national debt has surpassed $21 trillion, up 2.8 percent since the start of the year, but two of the leading credit agencies aren’t worried about the country’s ability to keep up with its...

  • Treasury Department Encourages Workers to Check Their Withholding

    By The Fiscal Times Staff

    With the new tax law in place, the Treasury Department is urging taxpayers to take another look at their paychecks and make sure the right amount is being withheld. “We urge taxpayers to visit the...

  • A congressional aide places a placard on a podium for the House Republican's legislation to overhaul the tax code on Capitol Hill in Washington

    Sparring Over the Tax Bill

    By Michael Rainey

    The Senate Finance Committee heard from supporters and critics of the new tax law in a hearing on Tuesday afternoon. There was little agreement to be found, with the Republican witnesses largely...

  • Why the Deficit Outlook Could Be Even Worse Than It Seems

    By The Fiscal Times Staff

    The Congressional Budget Office warned earlier this month that the U.S. will start running $1 trillion deficits in 2020, and that the national debt will be nearly as large as the economy in a decade...

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