Budget Battles
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Deficit Owls Say You Shouldn’t Give a Hoot About $1 Trillion Budget Shortfall
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How Congress Cheats with Our Money — and How We Can Stop It
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April Is Financial Literacy Month. Someone Tell Congress.
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When the Budget Won’t Balance, Just Get Rid of the Budget Committee?
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With Recent Laws, Congress Has Added $540 Billion to the 2019 Deficit
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Why Trillion-Dollar Deficits Matter
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Paul Ryan's Fiscal Legacy: Lots of Red Ink
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Why Republicans Won’t Even Try to Pass a Budget for 2019
By The Fiscal Times StaffBudget expert Stan Collender at Forbes slams Republicans for not even attempting to pass a budget for the fiscal year that starts October 1. “The House and Senate Budget Committees only have one job...
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Deficit Owls Say You Shouldn’t Give a Hoot About $1 Trillion Budget Shortfall
As warnings rise about the Congressional Budget Office’s projection that the federal budget deficit is on pace to top $1 trillion in 2020, The Washington Post’s Jeff Stein on Friday highlighted a...
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How Congress Cheats with Our Money — and How We Can Stop It
By Marc Goldwein and Zach MollerThe U.S. is on course to top its record debt levels set after World War II, and permanent trillion-dollar deficits — meaning, forever — are likely to return within two years . And unlike after World...
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Will Work for Food? Republicans Push Stricter Rules for SNAP
By Michael RaineyFunding for the Supplemental Nutrition Assistance Program (SNAP), more commonly known as food stamps, is provided in the farm bill, a massive spending and regulatory package Congress passes every...
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April Is Financial Literacy Month. Someone Tell Congress.
By Joseph J. Minarik and Caroline L. FergusonFebruary is Black History Month, March is National Women’s Month, and April? Well, it’s Financial Literacy Month, of course! The U.S. government gave financial literacy its own month in 2003. April...
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Why All the Warnings About Unsustainable National Debt Could Be Wrong
By Michael RaineyInternational economists are warning about rising global debt levels and deficit hawks in Washington are increasingly worried about what they see as unsustainable debt levels in the U.S., but a new...
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The US Has an Exceptional Debt Outlook – and Not in a Good Way
By Michael RaineyThe International Money Fund’s latest global fiscal survey warns that in five years, the U.S. debt-to-GDP ratio will be higher than Italy’s, a nation not generally known for its exemplary fiscal...
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Why More School Districts Are Holding Class Just Four Days a Week
By Sophie Quinton, StatelineThe public school in Campo, Colorado, hasn’t required all its students to come to class on Fridays for nearly two decades. The 44-student district dropped a weekday to boost attendance and better...
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When the Budget Won’t Balance, Just Get Rid of the Budget Committee?
By Michael RaineyIt may sound like a joke — Erik Sherman of Forbes said it seemed like something “from The Onion or Andy Borowitz at the New Yorker, only with less humor and pith” — but Sen. Mike Enzi (R-WY), chair...
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With Recent Laws, Congress Has Added $540 Billion to the 2019 Deficit
Spending hikes and tax cuts passed since 2015 under the Trump and Obama administrations account for $540 billion of next year’s projected $981 billion budget deficit, or 55 percent, according to...
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The Spending Deal: $1.3 Trillion, 2,232 Pages, One Messy Process
One vote down, one to go. The House on Thursday easily passed a bipartisan $1.3 trillion spending bill, setting the stage for a Senate vote that would avoid a government shutdown after midnight on...
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7 Big Pentagon Numbers in the $1.3 Trillion Spending Deal
By Michael RaineyThe Department of Defense is one of the biggest winners in the $1.3 trillion omnibus spending bill working its way through Congress, with the Pentagon receiving $700 billion for the current fiscal...
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Spending Bill Includes $320 Million for IRS to Implement Tax Law
By Michael RaineyA frequent target of Republican scorn, the IRS has seen its budget cut significantly in recent years. But the spending deal for 2018 boosts the agency’s budget by $196 million compared to 2017, for a...
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Winners and Losers in the $1.3 Trillion Spending Deal
It’s almost done. After weeks of closed-door negotiations and days of extended haggling, congressional leaders said they had all but completed a massive $1.3 trillion spending deal to fund the...
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Pete Peterson Dies at Age 91
Peter G. Peterson, the self-made billionaire businessman and former Secretary of Commerce under President Richard M. Nixon who went on to become a leading voice warning about the dangers of the...
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