Budget

Senate Approves Spending Bill, Reducing Chances of a Shutdown

By Yuval Rosenberg

In a 93-7 vote, the Senate on Tuesday passed a package of spending bills that would boost fiscal 2019 funding for the Defense Department and provide full-year funding for the departments of Education...
‘Beware Trillion-Dollar Deficits,’ Barron’s Says

By Yuval Rosenberg

In the latest Barron’s cover story, Jack Hough warns of the long-term risks of rising U.S. public debt. While noting that there’s little chance of hitting debt-related turbulence anytime soon and...
The Air Force Wants More Planes – and a Lot More Money

By Michael Rainey

The Air Force is 71 years old today, and its birthday wish list is a doozy. Saying that growing threats from China and Russia call for a substantial increase in U.S. air power, Air Force Secretary...
Kudlow: ‘I Don’t Buy’ That Tax Cuts Boosted Deficit

By Yuval Rosenberg

Larry Kudlow is at it again. Speaking at the Economic Club of New York, the top economic adviser to President Trump said that, while the administration is looking to cut federal spending — including...
Are Deficit Hawks Dead or Just Playing Possum?

By Yuval Rosenberg

“The deficits hawks are dead,” declared Paul Kane, The Washington Post’s senior congressional correspondent and columnist, in a piece over the weekend. It’s easy to see why Kane says that, and there’...

Social Security Pulled 27 Million People Out of Poverty in 2017

By Michael Rainey

Since 2011, the U.S. Census Bureau has produced a more sophisticated measure of poverty that, among other things, includes the income effects of government assistance programs such as Social Security...
Arkansas Drops Thousands from Medicaid

By Michael Rainey

More than 4,000 people will lose their Medicaid coverage in Arkansas for failing to meet the state’s new work requirements. Earlier this year, the Trump administration approved the new work rules,...
Why Democrats Want to Bring Back Earmarks

By Michael Rainey

Minority Whip Steny Hoyer (D-MD) wants to restore earmarks as part of Democrats’ effort to “ fix government ” should the party win control of the House in November. The use of earmarks — funds for...
Congress Reaches Spending Deal to Avoid Shutdown. Will Trump Go Along?

By Yuval Rosenberg

Congressional leaders have struck a bipartisan deal to avoid a government shutdown at the end of the month and put off a divisive fight over funding for President Trump’s border wall with Mexico...
Is Joe Scarborough Right About the GOP and the National Debt?

By The Fiscal Times Staff

Former GOP congressman and current Trump antagonist Joe Scarborough laid into the president and his party this week, finding fault with, among other things, their track record on deficit spending. "...

Pentagon Plans Liftoff for Space Force

By Michael Rainey

Congress failed to provide funding for President Trump’s “Space Force” in its 2019 defense spending bill , but that hasn’t stopped the Pentagon from working on a plan for the new military agency. The...
How to Interpret Trump's Surprise Government Shutdown Threat

By Yuval Rosenberg

Surprise! President Donald Trump is once again threatening to shut down the government over his desire for stricter immigration policies and funding for a border wall with Mexico. “I would be willing...
$Senator Bernie Sanders (I-VT) speaks during an event to introduce the "Medicare for All Act of 2017\$

Putting a Price Tag on Medicare for All

By Michael Rainey

Sen. Bernie Sanders’ “Medicare for all” proposal would increase federal spending by $32.6 trillion over 10 years, according to a new analysis of the proposed legislation by a libertarian think tank...
The Economy Is Booming. Will It Last?

By Yuval Rosenberg and Michael Rainey

The U.S. economy is humming. Gross domestic product grew at an annualized 4.1 percent rate in the second quarter, the Commerce Department said Friday in its initial estimate for the period. The surge...
A Hefty Price Tag for Republicans' 3 Health Care Bills

By Michael Rainey

Driven by concern that they’ll be held responsible for rising costs and other problems with the health care system, House Republicans passed bills this week that would, among other things, eliminate...