President Donald Trump’s 2020 budget calls for $2.7 trillion in spending cuts over 10 years. And they come from one part of the budget in particular: nondefense discretionary spending. That type of spending supports basic government functions like law enforcement, education and foreign aid. It does not include spending for the military or for mandatory […]
We’re now five days into the partial government shutdown. While the Senate is expected to reconvene Thursday and resume negotiations over how to end the shutdown, odds are that it’ll continue into January. The impasse is already cutting into the supply of something that is essential to just about every market out there: federal economic data. […]