Budget

Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'

By Michael Rainey

President Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...
A Modest Start for the Space Force

By Michael Rainey

The Pentagon is expected to request about $270 million for the Space Force in its 2020 budget, according to a preliminary Department of Defense memo reviewed by Space News’ Sandra Erwin. The funds...
Trump’s Risky Plan to Get $8 Billion for His Wall

By Yuval Rosenberg

He really did it. President Trump on Friday declared a national emergency in an attempt to bypass Congress and redirect existing funds toward construction of his promised wall along the southern...
The Great Debt Debate: How Dangerous Is It?

By Michael Rainey

MIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...
Trump to Sign Border Deal — and Declare a National Emergency, Too

By Yuval Rosenberg

Roses are red, Violets are blue, President Trump will sign the spending deal and declare a national emergency too. OK, it’s not the most romantic of gestures, but you could call it a Valentine’s Day...

Trump’s Exploding Deficit

By The Fiscal Times Staff

Federal tax revenues fell by 0.4 percent to $3.33 trillion in 2018, the first year under the new tax law, The Treasury Department said Wednesday. The drop in revenues, combined with a 4.4 percent...
Trump Likely to Sign Border Deal, Avert Another Shutdown

By The Fiscal Times Staff

Lawmakers are scrambling to finalize their compromise package on spending and border security — and resolve a few lingering differences — but once they’re done, President Trump is expected to...
Trump’s ‘Not Happy’ with the Border Deal. Why He’ll Probably Sign It Anyway.

By Yuval Rosenberg

Will he or won’t he? After House and Senate negotiators reached a tentative agreement Monday night on a bipartisan border security deal, the looming question is whether President Trump will veto the...
Goldman Sachs Projects Deficit Will Top $1 Trillion Next Year

By Yuval Rosenberg

The Congressional Budget Office projected last month that the federal budget deficit for this year would be about $900 billion , up 15 percent from last year but about $84 billion less than it had...
Lawmakers Scramble to Avert Another Government Shutdown

By Yuval Rosenberg

Collapsed. Derailed. Fell apart. Broke down. Whatever description you choose, the bottom line on the bipartisan congressional negotiations over border security isn’t good: The talks, which had...

The Great Debt Debate

By Michael Rainey

We told you last week about a new paper from economist Olivier Blanchard that caused a stir by suggesting that government debt may be less problematic than many experts have believed. Blanchard found...
Federal Workers Have Missed an Average $5,000 in Pay So Far

By Michael Rainey

Government employees who are not receiving paychecks during the shutdown have lost about $5,000 each on average so far, according to an analysis by The New York Times. In total, the missing pay comes...
Bipartisan Group of Senators Pushes for Trump to Reopen Government

By Yuval Rosenberg

A bipartisan group of senators is urging President Trump to agree to a three-week stopgap funding measure that would end the government shutdown, now heading for its 27th day, while they negotiate a...
Pelosi’s Shutdown Power Play Against Trump

By Yuval Rosenberg

The state of our union is … on hold? House Speaker Nancy Pelosi sent a letter to President Trump Wednesday morning asking him to postpone his State of the Union address, scheduled for January 29, or...
Why Some Conservatives Love the Shutdown

By The Fiscal Times Staff

The Washington Post reports that the prolonged shutdown is giving some small-government conservatives who have the president’s ear just what they’ve long wanted: a smaller government and a chance to...

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