Liz Truss' resignation as Prime Minister is being blamed on a faulty economic plan. But her fate should serve as a warning to other countries that may have to grapple with an inconceivable choice.
Democrats will try the same budgetary process from four decades ago when first-year President Ronald Reagan used reconciliation to achieve his "revolution" in federal fiscal policy.
Art Laffer received the Presidential Medal of Freedom Wednesday. For decades, Laffer has promoted the idea that tax cuts pay for themselves, against all evidence to the contrary.
Tax refunds so far have been smaller than last year's. Some taxpayers kept a bigger share of their income, but for others it reflects an overhaul that rewarded high earners the most.
At the midpoint of his four-year term, President Trump has delivered on some campaign promises and ignored others, while many are still works in progress.
President Trump has been keeping fact-checkers busy with his campaign claims of Middle Eastern migrants and a 10 percent middle-class tax cut.
The federal deficit ballooned to $779 billion in the fiscal year just ended — a remarkable tide of red ink for a country not mired in recession or war.
Democrats want to push a health care message; Republicans had been planning to talk about tax cuts. But not much is breaking through, except Trump, who is top of everyone's minds.