Budget
  • FILE PHOTO: A combine drives over stalks of soft red winter wheat during the harvest on a farm in Dixon, Illinois

    Is Trump’s Farmer Bailout Legal?

    By Michael Rainey

    Senior Trump administration officials are reportedly concerned that the president’s $28 billion bailout for farmers hurt by his trade war exceeds the limits of the Commodity Credit Corporation, the...

  • Mark Sanford speaks at the LPAC conference in Chantilly, Virginia

    Trump Gets a Fiscally Focused Challenger

    By Michael Rainey

    Mark Sanford announced Sunday that he is running for president, becoming the third Republican to challenge President Trump for the nomination in 2020. The former South Carolina congressman said he...

  • Damage caused by Hurricane Michael is seen in Mexico Beach

    Billions in Disaster Aid Still Waiting to Be Spent

    By Michael Rainey

    The U.S. has allocated more than $100 billion since 2017 to help cities and states rebuild after natural disasters, but most of the money remains unspent. “As of June 30, the government had spent...

  • Op-Ed of the Day: Fighting the Next Recession Now

    By The Fiscal Times Staff

    Jason Furman, the former chairman of the White House Council of Economic Advisers under President Obama, has some advice for Congress: Start preparing for the next recession now. In a Wall Street...

  • Senator Shelby (R-AL) speaks to reporters after a vote in Washington

    With Shutdown Deadline Approaching, Congress Has Lots of Budget Work to Do

    The Senate’s sprint to the end of September will start next week. When lawmakers return from their recess, they’ll have a long to-do list, and relatively little time to deal with some key items —...

  • 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...

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