Budget
  • We May Need ‘Helicopter Money’ to Fight the Next Downturn: Report

    By Michael Rainey

    The next recession will call for unprecedented coordination of fiscal and monetary policy in the U.S. and other advanced economies, according to a new report from the BlackRock Investment Institute...

  • File photo of the Apollo 11 Lunar Module ascent stage, with astronauts Neil A. Armstrong and Edwin E. Aldrin Jr. aboard, is photographed from the Command and Service Modules in lunar orbit

    A Discount Moonshot?

    By Michael Rainey

    NASA is working on a plan to return to the moon by 2024 at a cost that’s expected to exceed $50 billion. But according to Politico’s Bryan Bender, former House Speaker and noted lunar enthusiast Newt...

  • House Minority Leader Nancy Pelosi speaks with reporters during her weekly news conference on Capitol Hill in Washington

    Pelosi Warns Trump on Foreign Aid Cuts

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) said the Trump administration’s reported effort to cancel more than $4 billion in unspent foreign aid funds raises serious legal issues and could jeopardize the two-...

  • District of Columbia

    Spending Up, Revenue Down

    By Michael Rainey

    Politicians argue about whether the U.S. has a revenue problem (taxes too low) or a spending problem (spending too high), but in historical context, it looks like the answer might be “both.” The...

  • FILE PHOTO: Greenland's residents grapple with global warming

    Trump Reportedly Wants to Buy ... Greenland?

    By The Fiscal Times Staff

    $100 Million: That’s how much President Harry Truman offered Denmark to purchase Greenland back in 1946, a deal the Danes turned down. According to a Wall Street Journal report Thursday, President...

  • U.S. President Trump participates in tour of U.S.-Mexico border wall prototypes near Otay Mesa Port of Entry in San Diego, California

    The Border Wall Fight Is Coming Back

    The fight over funding for President Trump’s border wall looks set to resume. As lawmakers work on allocating federal funding for fiscal 2020, Senate Republicans are reportedly looking to divert...

  • January 9, 2015

    The Soaring Cost of Trump’s Air Force One

    By Michael Rainey

    A few weeks before taking office, President-elect Donald Trump publicly criticized the effort to build new Air Force One jets, declaring that the program’s high projected costs were a problem that he...

  • The President and Congress Are Fiscal Swamp Monsters

    By Ivan Eland

    All the recent talk in the political media has been about ideological division and partisan rancor, yet the results when progressives and nationalists and Democrats and Republicans agree should also...

  • U.S. President Trump speaks about shootings in El Paso and Dayton at the White House in Washington

    Trump Cut Funding to Fight Domestic Terrorism: Reports

    The mass shootings in El Paso and Dayton that left at least 31 dead have raised questions among lawmakers and former officials about the Trump administration’s efforts to thwart domestic terrorism,...

  • When the Social Safety Net Is a Smart Investment

    By Michael Rainey

    Social welfare programs in the U.S. are sometimes seen as expenses that lawmakers should attempt to minimize, but a new paper from two economists at Harvard University shows that some programs...

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