The economic slowdown from the COVID-19 pandemic initially raised concerns within states that general revenue collections would be lower than anticipated and, as a result, create shortfalls in maintaining a balanced budget. Although revenue collections from certain sectors of the economy, such as hospitality and tourism, were lower, overall revenue shortfalls from the pandemic did […]
Even by Washington’s standards, the level of political theater surrounding President Joe Biden’s domestic agenda on infrastructure, climate and expansion of government social spending programs has been extraordinary. The same can be said about the ongoing debate over raising the nation’s debt ceiling, with even more serious implications for the global economy if Congress fails […]