Newsletter

  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    Number of the Day: $213 Million

    That’s how much the private debt collection program at the IRS collected in the 2019 fiscal year. In the black for the second year in a row, the program cleared nearly $148 million after commissions...

  • The Fiscal Challenge for the Next Recession

    The federal budget deficit for fiscal year 2019 was nearly $1 trillion. “In the next downturn, don’t be surprised if this number hits $2 trillion,” writes Nick Timiraos, The Wall Street Journal’s...