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For the 12 months that ended in January, the deficit shrank 34 percent from the same period year earlier, continuing a decline that began in June.

Deputy Treasury Secretary Wally Adeyemo sat down with MM for a Q&A.

The argument has been a relatively standard one for Fed officials over the years.

Republicans on the Senate Banking Committee are weighing sending virtually all of the president’s nominees under the panel’s purview back to the White House.

RUBICON DAY: Polish Prime Minister Mateusz Morawiecki is in town for dinner with European Commission President Ursula von der Leyen tonight. Whether they meet on the same bank of the Rubicon will depend on Poland’s Constitutional Court — or what’s left of it: Its judges will decide as early as today whether the government can point to domestic case law to claim it can disregard EU legislation and European Court of Justice rulings. Hard to imagine that von der Leyen and Morawiecki will discuss the Green Deal and other policy issues as if nothing has happened, should the Polish judges gre...