Budget
  • District of Columbia

    Are Tax Cuts or Spending Hikes Driving the Deficit?

    By Michael Rainey

    Republican tax cut enthusiasts are generally unwilling to link the 2017 Tax Cuts and Jobs Act to the rapidly growing federal deficit, preferring instead to point the finger at spending increases that...

  • Germany Mulls a ‘Shadow Budget’ to Add Debt

    By Michael Rainey

    With its economy on the verge of recession and interest rates at historical lows, German officials are looking into ways to evade the strict limits placed on federal spending. Germany’s so-called “...

  • 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...

  • President Donald Trump departs from at Morristown municipal airport

    Trump’s Raid on Pentagon Funds Could Spark Another Shutdown Showdown

    By Michael Rainey

    The Pentagon’s announcement that it will shift $3.6 billion from military construction projects to fund the repair and construction of barriers on the border with Mexico is meeting bipartisan...

  • A worker stands next to a newly built section of the U.S.-Mexico border fence at Sunland Park, U.S. opposite the Mexican border city of Ciudad Juarez

    Trump Diverting $3.6 Billion from Military to Build Border Wall

    By Michael Rainey

    The Department of Defense has approved a plan to divert $3.6 billion to pay for the construction of parts of President Trump’s border wall, Defense Secretary Mark Esper said Tuesday. The money will...

  • A photo illustration shows U.S. Dollar and euro banknotes in Vienna March 16, 2015.     REUTERS/Heinz-Peter Bader

    Chart of the Day: Comparing Debt Costs

    By The Fiscal Times Staff

    The U.S. stands out from other developed countries when it comes to the cost of its government debt. Bloomberg’s Justin Fox says that the interest burden of government debt is both larger in the U.S...

  • A sign marks the U.S Treasury Department in Washington

    Should the US Issue 100-Year Bonds?

    By Michael Rainey

    Treasury Secretary Steven Mnuchin said Wednesday that the U.S. is considering issuing ultra-long U.S. bonds – debt in 50- or 100-year durations. “If the conditions are right, then I would anticipate...

  • Can a Divided Congress Step Up to Fight a Recession?

    The Congressional Budget Office projected last week that the deficit for the current fiscal year will rise to $960 billion, or 4.5% of gross domestic product, up from $779 billion (3.9% of GDP) last...

Budget Directory

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