Total household debt climbed by $226 billion in the fourth quarter of 2016, rising to $12.58 trillion, according to a report from the Federal Reserve Bank of New York.
A small business owner told lawmakers earlier this week that his company spends $14,000 each year to comply with the federal tax code, representing the largest barrier to entrepreneurship.
Subsidies for health insurance purchased through the marketplaces established under the Affordable Care Act are projected to more than double over the next decade, according to a report from the Congressional Budget Office.
Humana is the first major insurer to announce it will drop out of the Obamacare exchanges in 2018.
According to the Heritage Foundation’s Index of Economic Freedom, economic freedom in the United States has hit a record low in 2017—the nation dropped out of the top 15 countries and declined to 17th place.
Federal Reserve Chair Janet Yellen said on Tuesday that the Fed will begin to shrink its $4.45 trillion balance sheet when the central bank is confident the economy is on a solid course.
Three trust funds are projected to face insolvency during President Donald Trump’s time in office over the next eight years if he is reelected, according to an analysis from the Committee for a Responsible Federal Budget.
The Senate voted on Monday to confirm Steven Mnuchin to be secretary of the Treasury.
One of the co-ops created through the Affordable Care Act will see premiums rise as much as 40 percent, Kaiser Health News reported.
The federal government collected a record $1.08 trillion in taxes in the first four months of fiscal year 2017, but the federal government still ran a $157 billion deficit during that time, according to the latest monthly Treasury Department statement.