Aug 24 Trump administration acts to stop high-tax states from skirting $10,000 cap By Marcy Gordon, Geoff Mulvihill, Associated Press Four states — Connecticut, Maryland, New Jersey and New York — already have sued the federal government over the deduction cap, asserting it's aimed at hurting a group of Democratic states and tramples on their constitutional budget-making authority. Continue reading
Sep 17 Is the Federal Reserve printing a free lunch? By Terry Burnham The Federal Reserve is nearing the final drawdown of its quantitative easing program, which, in several ways, has helped reduce the budget deficit. But has that really been such a free lunch, asks economist Terry Burnham?… Continue reading
Jul 11 Watch Worries of a Bailout of Mortgage Giants Hit Markets Hard The market value of mortgage giants Freddie Mac and Fannie Mae slumped again Friday, but rebounded after officials downplayed the likelihood of government action. A reporter and analysts discuss the developments. Continue watching