The Congressional Budget Office has released new estimates. Federal government spending jumped from $4.5 trillion in fiscal 2019 to $6.6 trillion in fiscal 2020, as shown in the chart below. That huge increase was financed by borrowing, the costs of which will land on taxpayers down the road.

I testified today to the Congressional Oversight Commission regarding federal and Federal Reserve aid to state and local governments.

California leaders are in the news for passing a misguided law that requires most independent contractors to be treated as employees, and then realizing how harmful that is and passing another law exempting dozens of politically important industries from the mandate.

Another week, another news story about supposedly imploding state‐local government budgets.

The restaurant industry has been hit hard by the health crisis and recession.

The Trump administration is threatening to cut federal aid to cities that do not follow its approach to policing and civil unrest.

The Wall Street Journal published a news story suggesting that public schools face ruin without more federal aid.

The Wall Street Journal has published a biased news story regarding state budgets.

In response to the crisis, federal policymakers have passed a series of aid packages providing hundreds of billions of dollars to state and local governments.

Congress is debating legislation meant to address police misconduct along with a further aid package for state and local governments struggling with budget deficits.