First, the adjustable flat tax. The idea of a flat tax has been around for a long time. It has been proposed as a way to be ...

A version of this article originally appeared in Quartz’s members-only Weekend Brief newsletter. Quartz members get access to ...

The federal debt limit has no practical value. This suggests that ending it would be a good idea. Yet the laws of unintended ...

Extending all of the 2017 tax law could add close to $5 trillion to the national debt. To offset the cost, Trump and ...

The Treasury Secretary’s debt decisions during the pandemic locked in low rates—but only for two years. Now, taxpayers are ...

The arrival of a new presidential administration invokes new beginnings and a break from the past. Still, realities from ...

As 2025 approaches, America’s fiscal health is in serious trouble with a ballooning federal debt exceeding 100% of the GDP.

Lawmakers intend to pursue budget reconciliation legislation in the coming months, which requires passage of a concurrent budget resolution that includes reconciliation instructions in order to ...

The Fiscal Responsibility Act of 2023, which suspended the debt limit until last week, also established binding discretionary ...

The government is not a factory. Standard efficiency models, which usually involve cutting workers and adding capital, may ...

High-interest debt can be identified as debt that charges a rate above the average federal student loan or mortgage rate, according to credit bureau Equifax. Mortgages and federal student loans ...