Budget
  • 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...

  • House Minority Leader Nancy Pelosi speaks with reporters during her weekly news conference on Capitol Hill in Washington

    Pelosi Accuses Trump of ‘Stealing’ Relief Funds

    By Michael Rainey

    House Speaker Nancy Pelosi said the Trump administration’s effort to shift $271 million within the Department of Homeland Security to support activities at the border is a “brazen assault” on the...

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