U.S. Government Starts 2025 Fiscal Year Deep in the Red
U.S. Government Starts 2025 Fiscal Year Deep in the Red
The U.S. government got off to a very bad start for its 2025 fiscal year. The U.S. Treasury Department reported that the federal government spent $257 billion more than it took in as revenue in October 2024. That is the second-worst figure ever recorded for the first month of the fiscal year. Only October 2020...
By Craig Eyermann
The IRS and the Scale of Fraud during the Pandemic
The IRS and the Scale of Fraud during the Pandemic
The scale of fraud against U.S. taxpayers during the coronavirus pandemic amounts to billions, possibly even trillions of dollars. Count the Internal Revenue Service among the government agencies that enabled the frauds that were perpetrated. The numbers aren’t small, as Reason’s J.D. Tucille reports: You can add the Internal Revenue Service to the ranks of...
By Craig Eyermann