Budget

Will Republicans Defy Trump on His National Emergency?

By Yuval Rosenberg

House Speaker Nancy Pelosi said she would move swiftly to block President Trump’s declaration of a national emergency on the southern border, and she is. The House will vote Tuesday on a disapproval...
Pelosi Prepares a Trump Smackdown

By Yuval Rosenberg

House Speaker Nancy Pelosi said Wednesday night that the House will “move swiftly” to vote on a resolution to terminate President Trump’s declaration of a national emergency on the border with Mexico...
16 States Sue Trump: The Court Battles Over His ‘Emergency’ Are Just Getting Started

By Yuval Rosenberg

A coalition of 16 states filed a lawsuit in federal court Monday challenging President Trump’s move to invoke emergency powers to redirect billions of dollars for construction of a border wall. The...
Elizabeth Warren Proposes Universal Child Care, Paid for by Taxing Millionaires

By Yuval Rosenberg

Sen. Elizabeth Warren (D-MA), who’s running for the 2020 Democratic presidential nomination, on Tuesday unveiled a universal child care plan that would cap families’ expenses at 7 percent of income...
Klobuchar Pitches Herself as Pragmatic Alternative to Progressive Dems

By Yuval Rosenberg

In a CNN town hall in New Hampshire Monday night, Sen. Amy Klobuchar (D-MN) drew some clear distinctions between herself and some of the most progressive Democratic presidential candidates in the...

A Modest Start for the Space Force

By Michael Rainey

The Pentagon is expected to request about $270 million for the Space Force in its 2020 budget, according to a preliminary Department of Defense memo reviewed by Space News’ Sandra Erwin. The funds...
Trump’s Risky Plan to Get $8 Billion for His Wall

By Yuval Rosenberg

He really did it. President Trump on Friday declared a national emergency in an attempt to bypass Congress and redirect existing funds toward construction of his promised wall along the southern...
Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'

By Michael Rainey

President Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...
The Great Debt Debate: How Dangerous Is It?

By Michael Rainey

MIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...
Trump to Sign Border Deal — and Declare a National Emergency, Too

By Yuval Rosenberg

Roses are red, Violets are blue, President Trump will sign the spending deal and declare a national emergency too. OK, it’s not the most romantic of gestures, but you could call it a Valentine’s Day...

A Faint Glimmer of Hope for an End to the Shutdown?

By Yuval Rosenberg

Day 32 of the partial government shutdown brought a tiny, faint glimmer of hope that the impasse could be resolved, even as Republicans and Democrats prepare for the next round of legislative volleys...
How Alexandria Ocasio-Cortez Is Already Shifting the Debate on Taxes and Deficits

By Yuval Rosenberg

Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, has wasted no time in making waves in Congress, emerging as a focal point for the national press — and social media powerhouse...
28 Days Later: The Government Shutdown Horror Story Continues

By Yuval Rosenberg

If the partial government shutdown was a horror movie, it could now be called “28 Days Later.” We’re rapidly closing in on the one-month mark for the partial government shutdown, and developments...
Shutdown Could Be a Hint of Things to Come

By Michael Rainey

As long as the current government shutdown ends within the next few weeks, the cost to the overall economy should be relatively modest, says Andrew Hunter of Capital Economics. Much of the lost...
Trump Strikes Back at Pelosi, Blocking Her Overseas Trip

By Yuval Rosenberg

Friday will be day 28 of the partial government shutdown, but Thursday’s developments offered little hope that closed federal departments and agencies would be reopening soon — and little to allay...