U.S. Treasury

Education

Governor Ducey Takes Action To Curb Federal Overreach

Governor Doug Ducey is suing the federal government over the Biden administration’s attempt to take away funding for critical education programs aimed at keeping Arizona kids in the classroom. The suit, filed Friday in U.S. District Court, seeks to protect federal funding granted to Arizona by Congress through the American Rescue Plan Act of 2021. Governor

Taxes

Judge blocks tax cut rule in American Rescue Plan

A federal judge has blocked the U.S. Treasury from enforcing a provision of the American Rescue Plan Act that prohibited states from using the pandemic relief funds to offset new tax cuts. U.S. District Judge L. Scott Coogler ruled Monday in Alabama that Congress exceeded its power in putting the so-called tax mandate on states.

American Rescue Plan

AP: States and cities slow to spend federal pandemic money

As Congress considered a massive COVID-19 relief package earlier this year, hundreds of mayors from across the U.S. pleaded for “immediate action” on billions of dollars targeted to shore up their finances and revive their communities. Now that they’ve received it, local officials are taking their time before actually spending the windfall. As of this

Financial

Awaiting Yellen at Treasury: Yet another daunting crisis

Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden’s apparent choice for treasury secretary, served on the Federal Reserve’s policymaking committee during the 2008-2009 financial crisis that nearly toppled the banking system. She became Fed chair in 2014 when the

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