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 $28 Billion Bailout Paying Farmers Too Much?

    By Michael Rainey

    The Trump administration is spending $28 billion to bail out farmers hurt by the president’s trade war with China – a huge sum that some experts say overestimates the economic losses inflicted by the...

  • New Trump Food Stamp Rule Will Cut 700,000 from Program

    By Michael Rainey

    The White House said Wednesday that it has finalized a rule that will tighten work requirements for participants in the Supplemental Nutrition Assistance Program, or SNAP. The new rule could result...

  • The Ohio-class ballistic missile submarine USS Tennessee returns to Naval Submarine Base Kings Bay, Georgia in this handout photo

    Navy Awards Largest Shipbuilding Contract Ever

    By Michael Rainey

    The U.S. Navy awarded a contract Monday worth more than $22 billion to build nine new attack submarines. The agreement with General Dynamics Electric Boat includes an option for a 10 th sub, which...

  • Dome of the U.S. Capitol Building

    On Congress’s To-Do List: Prevent a Shutdown in 18 Days

    Congressional appropriators back from their Thanksgiving recess have just three weeks to hammer out details on dozens of policy differences over federal funding for fiscal year 2020, which started on...

  • A homeless woman sits on a bench few blocks away from the White House in downtown Washington

    Chart of the Day: Record Low Poverty Rate

    By Michael Rainey

    The extensive array of government assistance programs — including Social Security, unemployment insurance, veterans’ benefits, nutritional aid, rental assistance and the Earned Income Tax Credit —...

  • Boomers vs. Kids: Federal Spending on Children Is Falling

    “The future depends on what we do in the present,” Mahatma Gandhi once said (at least according to the Internet). If so, a new report suggests we’re headed for some trouble, as the federal government...

  • People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken in  Warsaw September 27, 2013. REUTERS/Kacper Pempel

    Are Democrats the Party of Fiscal Responsibility? A Debate

    By Michael Rainey

    Talking to CNBC on Tuesday about his concerns that Democrats are going too far left with policy proposals such as a job guarantee and single-payer health care, Starbucks founder Howard Schultz said...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    Why We Can’t Have Nice Things

    By Michael Rainey

    The federal budget is on an unstable path in the long run and the Trump administration has made things worse with its tax cuts and spending increases, warn C. Eugene Steuerle and Caleb Quakenbush of...

  • Watchdog Says Pentagon Should Hold Off on Full F-35 Production

    By Michael Rainey

    The Department of Defense and Lockheed Martin are eager to ramp up production of the F-35 Joint Strike Fighter, but a congressional watchdog is warning that full production should wait until hundreds...

  • New Government Spending Tool from the Census

    By The Fiscal Times Staff

    How much do your state and local governments spend on education, recreation and health care? The U.S. Census has created a new tool that allows users to sift through reams of government data to...

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