President Joe Biden has big, ambitious plans that will continue to ring up unwieldy bills for the federal government. His administration will have to fund a significant — but still undetermined — portion of those bills by raising taxes on affluent Americans. And that won’t go well unless Biden’s team can get ahead of well-heeled taxpayers who are inclined to ...

“Nothing is so permanent as a temporary government program.” The quip is from the late libertarian economists Milton and Rose Friedman, who would not have been surprised that the same is true of war resolutions. But now a bipartisan group of congressmen is trying to change that. The Authorisation for the Use of Military Force Against Iraq Resolution of 2002, ...

Bloomberg The French government is close to finalising a recapitalisation plan for Air France after addressing some antitrust concerns raised by the European Commission, according to people familiar with the matter. The multi-billion-euro package could be announced in coming days following final approval from Brussels and the board of parent Air France-KLM, said the people, who asked not to be ...