Apr 8, 2017

Betsy DeVos' security detail could cost millions

Evan Vucci / AP

Additional security detail for Betsy DeVos, Trump's education secretary, could cost up to $7.8 million through September, government officials said Friday, per AP.

The details: After protestors blocked DeVos from entering a public high school in Washington, D.C., in February, she was put under additional security protection, according to a statement from the U.S. Marshals Service. Past education secretaries have had security detail as well.

Why it matters: The Department of Education is reportedly footing the bill through a reimbursement to the Marshals Service, AP noted.

Don't forget: Trump's proposed budget plan for 2018 called for a $9 billion cut to the Education Department.

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Buttigieg and Delaney: Different approaches to public service

Illustration: Aïda Amer/Axios

Several Democratic presidential candidates are advocating to expand public service programs in America.

Why it matters: Proponents, such as former Rep. John Delaney (D-Md.) and South Bend Mayor Pete Buttigieg (D-Ind.), say public service builds morale and is a means of developing shared values. Their programs also claim to provide opportunities for those at the start of their careers to build skills, resumes and networks. But their approaches have an important difference.

Go deeperArrowDec 1, 2019

Federal deficit sees 12% increase in two months, topping $342 billion

U.S. Treasury Secretary Steve Mnuchin. Photo: Chip Somodevilla/Getty Images

The federal deficit hit $342 billion for the first two months of fiscal year 2020, according to new Congressional Budget Office estimates.

The big picture: The annual deficit is forecast to average $1.2 trillion a year between 2020 and 2029, about 4.4% to 4.8% of gross domestic product, according to the CBO. Meanwhile, the national debt exceeded $23 trillion in November.

Go deeperArrowDec 10, 2019

Audit report: Tokyo Olympics likely to cost more than $12.6 billion

The National Stadium, venue for the upcoming Tokyo 2020 Olympic Games. Photo: Behrouz Mehri/AFP via Getty Images

Japan's National Audit Board released a report on Friday suggesting the Tokyo Olympics is likely to cost $9.7 billion in addition to the $12.6 billion that organizers are claiming the event's price tag will be, AP reports.

Why it matters: Only $5.6 billion in private money is allocated to fund the Olympics. The remainder of the funds will come from taxpayers across the country, the city of Tokyo and other government bodies, according to AP.

Go deeperArrowDec 21, 2019