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  • Jim Tankersley

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Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits

The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.

Debt Default Would Cripple U.S. Economy, New Analysis Warns

As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap...

Republican Votes Helped Washington Pile Up Debt

As they escalate a debt-limit standoff, House Republicans blame President Biden’s spending bills for an increase in deficits. Voting records show otherwise.

To Tap Federal Funds, Chip Makers Will Need to Provide Child Care

The move seeks to help more women join the work force as industry leaders complain of labor shortages.

As Lawmakers Spar Over Social Security, Its Costs Are Rising Fast

New budget projections are expected to show that the program’s spending is outpacing tax revenues as an aging population claims benefits.

President Biden Is Not Backing Off His Big-Government Agenda

In his first appearance before a Republican House, the president renewed calls for large new economic programs and offered no concessions on federal spending.

Biden Weighs State of the Union Focus on His Unfinished Agenda

As the president prepares for his national address, his aides debate an emphasis on his still-unrealized plans for child care, prekindergarten and more.

Brian Deese, Top Economic Aide to Biden, Will Step Down

Brian Deese, the director of the National Economic Council, played a pivotal role in negotiating economic legislation the president signed in his first two years...

Black Americans Are Much More Likely to Face Tax Audits, Study Finds

A new report documents systemic discrimination in how the I.R.S. selects taxpayers to be audited, with implications for a debate on the agency’s funding.

Biden Demands Details on Budget Cuts From McCarthy

Ahead of a meeting at the White House on Wednesday, administration officials demanded that Republicans commit to avoiding a default on federal debt.