Justin Fox

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Healthcare Spending Is Sinking The Federal Budget

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High medical expenditures contribute significantly to the country's fiscal challenges. Curbing them is the key to cutting the deficit.

Who Are These Federal Workers Trump Wants To Fire?

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The civilian workforce has barely grown in recent decades, is scattered across the country and accounts for a small fraction of U.S. spending.

California Is Becoming A Minimum-Wage Laboratory

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How high is too high? Economists don't know exactly, but state lawmakers and voters might help them figure it out.

You're Probably Better Off Than You Were Four Years Ago

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The answer to the classic presidential-election-year question appears to be yes (though the numbers are noisy).

Illegal U.S. Border Crossings Aren't Really Breaking Records

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Most of the people crossing the border illegally turn themselves in and apply for asylum.

California Mints Millionaires Faster Than They Can Leave

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New IRS data show the state's share of U.S. taxpayers making $1 million or more rose from 2019 to 2021.

U.S. Productivity Is On The Upswing Again. Will AI Supercharge It?

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Three straight quarters of strong growth have put productivity either back on trend or well above it.

Black Americans Gain No Ground On Income And Wealth

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Employment and life expectancy paint a more encouraging picture, but the racial quality-of-life gap remains immense.

Hooray, Connecticut Is No Longer The Richest State

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The the Nutmeg State has slipped into second--which may signal a welcome decline in regional inequality.

Low Taxes And High Spending Are A Rich Country Anomaly

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The potential role of tax revenue in closing federal budget deficits deserves more attention.

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