Social Security's annual cost-of-living adjustment (COLA) for 2025 is projected to be 2.5%, which would be the smallest benefit boost since 2021 as the pace of inflation slows. Read More.
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress. Read More.
This is the title of an article by Veronique de Rugy, the George Gibbs Chair in Political Economy and a senior research fellow at the Mercatus Center at George Mason University. Read More.
Inflation declined in August to the lowest level since 2021, as prices rose 2.5% from last year. The data boosts the Federal Reserve's case for an interest rate cut next week. Read More.
In a speech to the Economic Club of New York, former President Donald Trump on Thursday promised to create a government efficiency commission if he’s elected to another term, embracing an idea proposed to him by billionaire Elon Musk. Read More.
Last week, we analyzed former President Trump’s proposal to eliminate the income tax on tips. This week, we examine another Trump idea: replacing the income tax with tariffs. And we have a better idea.
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Arthur Laffer, a prominent American economist, developed a bell-curved analysis that showed the relationship between income tax rates and the total tax revenue the Treasury receives. Read More.
Homeland Security Secretary Alejandro Mayorkas has given so much extra time off to department employees that one of his agencies has had to create an internal system to help employees keep track of it. Read More.
The Biden-Harris administration is allowing households that aren't poor to qualify for broadband assistance through the school meals program. Read More.