Biden Administration Quietly Extended the Unnecessary COVID Bailout for States and Local Governments
Republican senators say the change is "mind-bending and deeply concerning."
Bailouts
Nikki Haley Opposed Boeing Subsidies at Tonight's GOP Debate. As Governor, She Gave Boeing Millions.
The former South Carolina governor can't decide whether she likes corporate subsidies or opposes them on principle.
The COVID Bailout of State and Local Governments Was Unnecessary
Well over half of those funds remain unspent, according to a new Government Accountability Office report.
Yellow Corporation To Close, Lay Off 30,000 Employees, and Likely Default on $700 Million Pandemic Aid Loan
The company blames much of its problems on the Teamsters trucking union's "intransigence," while the Teamsters say Yellow is delinquent on benefit payments.
Trucking Company on the Hook for $700 Million Federal Loan Files for Bankruptcy
Reason reported last month that with less than two years left on its loan, Yellow Corporation owed more than it originally borrowed and had repaid only $230 in principal.
Trucking Company, Careening Toward Bankruptcy, Could Default on $700 Million Federal Bailout Loan
After losing more than $100 million in a single year, Yellow Corporation got a $700 million pandemic assistance loan from the government. It has only paid $230 on the principal.
The Federal Reserve Was Supposed To Ease Economic Instability. Instead, It's Made It Worse.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
Nobel Prize–Winning Economist: Democrats Are Committed 'To Spending Other People's Money'
Vernon Smith weighs in on Biden's budget, how government causes inflation, and why bailing out Silicon Valley Bank was a bad idea.
Of Course, the Trump Indictment Is Political
Plus: A listener asks the editors if the nation is indeed unraveling or if she is just one of "The Olds" now.
Blame the Government for the New Banking Crisis? Live With Lyn Alden, Arnold Kling and Zach Weissmueller
Join Reason on YouTube and Facebook Thursday at 1 p.m. Eastern for a discussion of the Silicon Valley Bank meltdown and bailout of depositors with economist Arnold Kling.
Bailouts Should Not Be the Norm
During the pandemic, the U.S. mortgage market avoided collapse without any bailouts. Here's how.
Yes, There Are Libertarians During Bank Runs
Plus: The editors recommend the best books for sparking interest in free market principles.
How the Fed Broke Silicon Valley Bank
The Fed's anti-inflation measures had to hurt someone.
Everyone Is Learning the Wrong Lessons From the Silicon Valley Bank Collapse
Plus: Fox News troubles, junk statistics about illicit economies, and more...
America Needs a Better Kind of Capitalism
Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power.
What the Southwest Meltdown Means for Airline Policy
Re-regulating the airline industry won’t help prevent massive service disruptions in the future.
Politicians Who Supported $54 Billion in Airline Bailouts Now Pose as Industry Critics
Political criticism of Southwest's mass flight cancelations mask a cronyist relationship between government and the passenger airline industry.
Great Moments in Unintended Consequences: Antwerp Siege, Hearth Taxes, Cash for Clunkers (Vol. 9)
Good intentions, bad results.
No, PPP Doesn't Justify Biden's Student Loan Bailout
The proper response to one failed bailout is not another bailout of a different group.
The Disappearing Differences Between Republicans and Democrats on Federal Family Spending
Many conservatives no longer appear to care much for fiscal conservatism.
After a $54 Billion Airline Bailout, Elizabeth Warren Thinks She Gets To Make the Rules
More airline workers and more flights—not bailouts and restrictions on mergers—is the better policy.
Biden Celebrates $90 Billion Bailout of Private Union Pension Plans
Plus: Don't cry for the failure of Homeland Security's disinformation board, states discover supply-side solutions to labor shortages, and more...
Federal COVID Aid to States and Localities Cost $855,000 Per Job Saved
A new paper reveals that the state and local bailout was not only unnecessary but incredibly wasteful.
The American Rescue Plan Bailed Out Unprofitable Government-Owned Golf Courses
Perhaps the government shouldn't be running golf courses in the first place?
Government Employees Got $872 Million in Bonuses Out of COVID Aid Cash
The federal bailout of state and local governments padded the paychecks of many public employees.
The Restaurant Industry Doesn't Need Another Bailout
The Restaurant Revitalization Fund Replenishment Act would give restaurants another $42 billion in grants to cover the lingering costs of the pandemic.
Great Moments in Unintended Consequences: Driving Days, Boat Taxes, Ghost Flights (Vol. 6)
Good intentions, bad results
Congress Wants Taxpayers To Bail Out the Postal Service
The House passed the bill this week with little fanfare and broad bipartisan support.
State Governments Didn't Need Coronavirus Bailouts. They Got Billions of Dollars Anyway.
As it turns out, state and local tax revenues hardly collapsed.
Broadway Hit Hamilton Could Get Up to $50 Million Federal Bailout
It must be nice to have Washington's pile of taxpayer cash on your side.
The $1.9 Trillion American Recovery Act Could Have Huge Implications for State Tax Policies
Six different states are already suing over a broad prohibition on tax cuts that was slipped into March's $1.9 trillion COVID relief bill.
An $86 Billion Moral Hazard
Nestled in the $1.9 trillion emergency spending bill passed in March was a bailout for unions' private pension funds.
Federal COVID-19 Bailout Prohibits States From Cutting Taxes
The measure could also make it illegal for states to create new tax credit programs, such as those used for expanding school choice.
$75 Billion in Band-Aids Won't Cure Ailing Airlines
Airlines keep claiming they need a second bailout to bring back 35,000 furloughed employees. Don't buy their argument.
The Head of D.C.'s Long-Troubled Metro System Says Another Federal Bailout Is Needed To Stave Off Apocalyptic Service Cuts
D.C.'s public transit agency has already received close to $1 billion in federal coronavirus relief funds.
$75 Billion in Band-Aids Won't Cure Ailing Airlines
The grants and loans Congress has approved for the airline industry aren't about saving jobs.
As Airlines Begin Layoffs, Nancy Pelosi Promises Bailout
House Democrats are working to extend another round of emergency aid to airlines in a stand-alone bill after the passage of a larger coronavirus relief package stalled in the Senate.
Federal Payments to Farmers Have Tripled Since 2017, and Trump Just Promised Even More
Trump's farm bailouts have cost taxpayers more than $28 billion already, and he just announced another $14 billion in payments as part of his reelection pitch to farm-heavy states.
A Second Round of Airline Bailouts Would be Bad for the Industry and Consumers
Passenger airlines are demanding another $25 billion in taxpayer support to prevent mass layoffs.
Airlines Are Asking for a Second Bailout. Congress Should Say No.
The federal government has already made $32 billion available to distressed airlines. The industry wants another $25 billion.
A Coronavirus Bailout Won't Save (or Fix) the USPS
The postal service stands to lose $13 billion this year. But this is an ongoing trend, not a new problem created by the coronavirus pandemic.
The COVID-19 Pandemic Is Crushing State Budgets. A Federal Bailout Is Still a Bad Idea.
There is no state that will weather the COVID-19 pandemic without making difficult decisions. But the revenue hit will be less severe in places that were being thrifty and vigilant.
Don't Bail Out Bars, Let Them Reopen
So long as governments view lockdowns as their primary tool for combating COVID-19, they are in effect sentencing bars and other shuttered businesses to a likely death.
The Paycheck Protection Program Is a Mess. Here's Who Is Benefitting From the Dysfunction.
A program designed to keep workers on payrolls showered benefits on lobbyists, advocacy groups, and even members of Congress.