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

    Senate Spending Talks Go Off the Rails Amid Disagreements on Abortion, Border Wall

    Senators racing to move appropriations bills for fiscal year 2020 stumbled out of the gate Tuesday, tripped up by disagreements over abortion-related “poison pills” and funding for President Trump’s...

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

    Deficit Tops $1 Trillion

    By The Fiscal Times Staff

    The annual federal budget deficit rose above $1 trillion in August, the Congressional Budget Office said Monday. The deficit reached $1,067 billion in the first 11 months of the 2019 fiscal year,...

  • 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...

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