• 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...

  • Trump Wants to Cut $4.3 Billion in Foreign Aid

    By Michael Rainey

    The Trump administration is proposing to eliminate more than $4 billion in unspent foreign assistance funds, Politico reported late Thursday. The White House budget office reportedly sent a proposal...

  • Obama administration proposes new limits on tax-exempt political groups

    IRS Budget Cuts Led to Billions in Lost Corporate Tax Revenue: Study

    IRS budget cuts are costing the U.S. government substantially more in tax collections than they save, according to a new study highlighted by USA Today . Researchers at the Indiana University Kelley...

  • Why the US Should ‘Borrow Gobs of Cash’ Right Now

    Investors worried about the health of the global economy continued to scramble to the safety of U.S. bonds on Thursday, driving the yield on 30-year U.S. Treasury bonds below 2% for the first time...

  • Congress Needs Some Fiscal Rules

    By Veronique de Rugy and Jack Salmon

    Approval ratings for Congress are slumming at 17%. This is nothing new. With the exception of a short-lived patriotic spike following 9/11, it has been going on for decades . Yet this already failing...

  • An F/A-18F Super Hornet jet flies over the USS Gerald R. Ford as the U.S. Navy aircraft carrier tests its new launch and flight arrest systems

    Navy’s $13 Billion Carrier Can’t Move Munitions to Its Deck

    By Michael Rainey

    The $13 billion USS Ford, the first in a new class of high-tech aircraft carriers, has experienced well-publicized issues with its magnetic launching system, propulsion system and weapons elevators...

  • Taxes

    Raise Taxes on the Rich? Why Dems May Need to Think Bigger

    As they head into their second round of primary debates tonight, Democrats are having the wrong argument about taxes, argues Monica Prasad, a sociology professor at Northwestern University’s...

  • U.S. President Trump speaks while meeting with NATO Secretary General Stoltenberg in the Cabinet Room at the White House in Washington

    The 2020 Budget Fight Isn’t Over Yet

    The Senate this week is expected to approve the $2.7 trillion deal on spending caps and the debt ceiling passed last Thursday by the House, and President Trump will sign it , his acting chief of...

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

    Treasury Plans Big Jump in Debt Sales

    By The Fiscal Times Staff

    The U.S. Treasury announced Monday that it plans to borrow more – a lot more – than previously projected in the third quarter. Total borrowing is expected to hit $433 billion in the July-to-September...

Budget Directory

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