“If not for the Bush tax cuts, their extensions, and then the Trump tax cuts, the U.S. debt-to-GDP ratio would be declining indefinitely,” wrote Sen. Sheldon Whitehouse. The Democratic chair of the Senate Budget Committee rebuked his Republican colleagues on Thursday for demanding action to reduce the U.S. debt after adding roughly $10 trillion to it with […]
“Many large firms, beyond just the commodities sector, are using their power to preserve their profit margins,” said the co-author of a new report. A pair of London-based think tanks released research Thursday showing that corporate profits contributed substantially to the high inflation that the United States, Germany, the United Kingdom, and other major nations experienced amid […]
“A majority of Republicans voted against Santos’ expulsion. That speaks volumes about the state of the Republican Party,” said one observer. The U.S. House voted overwhelmingly to expel Republican Rep. George Santos on Friday, ending a brief tenure in Congress that was engulfed by glaring and often bewildering scandals. Santos—who is facing 23 criminal counts including wire fraud, […]
The Republican-led push for a “fiscal commission” to examine Social Security and other key programs is “specifically designed to avoid accountability from voters,” argued one critic. Survey results out Thursday show that more than 80% of U.S. voters oppose cuts to Social Security and Medicare, a finding released a day after House Republicans and some […]