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For those on Capitol Hill who would threaten a default as a means to compel concessions on policy, the destructive power of default is what makes it makes attractive as a tactic.

Why we have a debt ceiling, and why this trip to the brink may be different

We have been here before. But this time the House's new Republican majority is largely driven by a faction that says it will hold the debt limit vote as a hostage to win policy changes.

Matt Baker, chef and owner of Gravitas, poses for a portrait Feb. 14 inside the restaurant in Washington. Gravitas has a subscription service offering a monthly meal for two.

Arby's+? More restaurants try subscription programs to keep eaters coming back

Large chains like Panera and P.F. Chang's as well as neighborhood hangouts are increasingly experimenting with the subscription model as a way to ensure steady revenue and customer visits.

California Gov. Gavin Newsom is pictured in an April 2020 photograph.

California faces budget deficit of $22.5B, governor says

California Gov. Gavin Newsom has projected a $22.5 billion budget deficit for the upcoming fiscal year.

NPR announced it would cease posting to Twitter after the social media platform labeled the nonprofit "Government-funded Media."

NPR quits Twitter after being falsely labeled as 'state-affiliated media'

NPR's official Twitter feeds have gone silent. The news organization cites the social media platform's decision to question NPR's editorial independence through a series of inaccurate labels.

Ivonne Sonato-Vega says expanding child tax credits would help families like hers. In this undated image, she and her children have breakfast in their home in Santa Rosa.

$24 billion projected budget deficit may test California’s resolve to grow safety net amid recession

Advocates warn now is not the time to cut programs that help the poor. The state has reserves to weather a tough year but a recession could deepen the deficit.

Former President Donald Trump, pictured here at the Conservative Political Action Conference in August, was indicted by a Manhattan grand jury on Thursday.

5 key takeaways from the Trump indictment news

Former President Donald Trump has been indicted by a New York grand jury. Trump's arraignment hearing is scheduled to take place on Tuesday afternoon in a Manhattan criminal court.

Is Brexit at the roots of British Prime Minister Liz Truss' quick exit?

NPR's Sacha Pfeiffer talks with Financial Times political editor George Parker about the continuing effects Brexit has had on U.K. politics and the economy.

People shop in a Manhattan store on Oct. 26, 2022 in New York City. Inflation, in the form of higher prices for gas, food and other consumer goods is weighing on U.S. economic growth.

New GDP report shows an economic turnaround, but don't be fooled

Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.

A flag bearing the Treasury Department's seal flies at the Internal Revenue Service headquarters in Washington. The average refund for U.S. taxpayers is $2,910 — a 9.8% drop from 2022, the IRS says.

The tax deadline is Tuesday. So far, refunds are 10% smaller than last year

Have you filed your tax return? The 2023 deadline is Tuesday, April 18. Most taxpayers are getting hundreds of dollars less in refunds than they did last year.

MacKenzie Scott, billionaire philanthropist. Last month she announced that her donations since 2019 have totaled more than $14 billion and helped fund around 1,600 nonprofits. But as much as the scale, it is her untraditional style of giving that is causing a stir.

MacKenzie Scott is shaking up philanthropy's traditions. Is that a good thing?

Donations often come with rigorous applications and reporting requirements. Billionaire MacKenzie Scott, who divorced Jeff Bezos in 2019 and vowed to give away most of her fortune, does it her way.

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