Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Activists in Seattle gather signatures to put a social housing initiative on the ballot. In early 2025, voters passed the measure, which implements a payroll tax on high incomes to fund the program.

The gap between the number of eligible Americans and those who actually receive public assistance benefits often comes down to the administrative burdens posed by state and federal bureaucracies.

Amid the fractious debate over the federal budget, Speaker of the House Kevin McCarthy (R–Calif.) has outlined plans for cutting several prominent welfare programs in order to save about $150 billion ...