…At the end of each fiscal year, a large university typically reports only a single annual return figure for its endowment portfolio. Figure 1 shows the reported fiscal year 2023…

…of private firms, they also entail a risk of resource misallocation and sizable fiscal costs that can become more apparent over time. Reflecting government capture, such policies tend to be…

…percent and indexed it to keep up with inflation. With these two programs on fiscal autopilot, the entitlement state was born, and the elderly were its prime beneficiaries. When I…

…fiscal year 2024. For 2025, Johnson and the Republicans said they wanted more cuts than the Fiscal Responsibility Act set out, and even still, the extremists filled the appropriations bills…

…financing opportunities. – Industrial policies aim to alter the incentives of private firms. They also entail a risk of resource misallocation and sizable fiscal costs that can become more apparent…

…Any straightforward accounting points to one conclusion: The president’s “One, Big, Beautiful Bill” (as Republicans insist on formally calling it) would make the country’s fiscal situation worse. It would slash…

…the past five years have been higher than at any time since the late 1940s. As of the end of the 2024 fiscal year, debt held by the public stood…

…the 2024 fiscal year debt held by the public stood at almost 98 percent of GDP. The “One Big Beautiful Bill Act,” H.R.1, further increases the government’s debt, largely through increasing…

…included provisions opposed by Senate Democrats, the majority leader crumpled up the document and tossed it into the burning fireplace of his Capitol office. — The fiscal cliff deal that…

Salon writer Natasha Lennard reports that a sticking point around Social Security stalled ‘fiscal cliff’ back and forth rejoinders between the two parties, but also points out that the topic…