Budget
  • Chart of the Day: How Taxes and Transfers Affect US Incomes

    By Michael Rainey

    A new analysis of the distribution of household income by the Congressional Budget Office shows how taxes and means-tested transfers such as Medicaid and food stamps affect US incomes. “The combined...

  • FILE PHOTO: A combine drives over stalks of soft red winter wheat during the harvest on a farm in Dixon, Illinois

    Improving Odds for the Farm Bill

    By The Fiscal Times Staff

    The Farm Bill has been held up by a dispute over new work requirements for the Supplemental Nutrition Assistance Program, or SNAP, among other issues. House Republicans passed a bill that includes...

  • U.S. President Trump talks to reporters as he departs the White House in Washington

    Build That Wall? The Next Budget Battle Ahead

    By Michael Rainey

    Congress reconvenes for a lame-duck session next week and funding for President Trump’s border wall with Mexico will be front and center as lawmakers turn to unsettled budget items for the current...

  • The U.S. Capitol Building is seen at sunset in Washington, U.S. May 17, 2017. REUTERS/Zach Gibson

    Fiscal Mayhem Ahead in 2019 — and 5 Other Takes on the Election Results

    By The Fiscal Times Staff

    Prepare for budget mayhem: “The budget bottom line is simple: Senate Republicans will have a very different fiscal agenda than House Democrats, and both houses’ tax and spending to-do lists will be...

  • Pelosi leads Democratic members of Congress in a rally at the U.S. Capitol in Washington

    What Should Democrats Do Now That They’ve Won the House?

    By Michael Rainey

    With Democrats winning control of the House Tuesday, political experts are lining up to give advice on what they should do with their new powers. While there’s little chance of enacting significant...

  • FILE PHOTO: Trump meets Congressional leaders in Washington

    3 Areas Where Trump and Democrats Can Maybe, Possibly Work Together

    Will divided government lead to anything beyond more legislative gridlock? President Trump and Democratic leader Nancy Pelosi, the presumptive next speaker of the House, have both spoken...

  • An unidentified voter casts his ballot at a local polling station in Miami

    5 Tax and Spending Takeaways from the Midterm Elections

    By Michael Rainey

    Tuesday’s election results changed the outlook for some key tax and spending proposals. Here are 5 takeaways from the midterm vote: 1. The GOP’s “tax cuts 2.0” effort is dead. The Republican plan to...

  • U.S. President Donald Trump holds a space astronaut toy as he participates in a signing ceremony for Space Policy Directive at the White House in Washington D.C.

    Why the Midterms Could Kill Trump's Space Force

    By Michael Rainey

    The fate of President Trump’s new military branch could depend on the outcomes of the midterm elections, says Joe Gould of Defense News. The Pentagon is working on a plan to create the Space Force,...

  • An aerial view of the Pentagon building in Washington, June 15, 2005. [U.S. Defense Secretary Donald..

    Pentagon’s Revolving Door in Full Swing

    By Michael Rainey

    The steady stream of top military officials moving from the Pentagon to defense contractors shows no signs of slowing down, according to a new report from the Project on Government Oversight (POGO),...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    How Congress Got So Broken

    The founders of the United States envisioned Congress as a co-equal branch of government, but that model of government “is effectively dead,” a new analysis by The Washington Post and ProPublica...

  • FILE PHOTO: A combine drives over stalks of soft red winter wheat during the harvest on a farm in Dixon, Illinois

    Congress Fails to Pass Farm Bill

    By Michael Rainey

    The federal farm bill expired at midnight on Sunday, leaving dozens of programs in limbo until Congress can pass a new spending package or an extension of the old one. Lawmakers were unable to agree...

  • U.S. President Trump arrives to discuss trade deal in the Rose Garden of the White House in Washington

    What’s in Trump’s New NAFTA?

    By Michael Rainey

    President Trump announced a new trade deal with Canada and Mexico Monday that is intended to replace NAFTA, the 24-year-old trade agreement that regulates roughly $1.2 trillion worth of trade between...

  • The US Government’s Biggest Financial Asset: Student Debt

    By Michael Rainey

    We hear a lot about government debt, but what about government assets? Jill Mislinski of Advisor Perspectives looked at the Federal Reserve's financial accounts data and found that student loans make...

  • FILE PHOTO: President Donald Trump hosts a lunch with Senate Majority Leader Mitch McConnell and Speaker of the House Paul Ryan at the White House in Washington

    Trump Signs Spending Bill to Avert Pre-Election Shutdown

    President Trump on Friday signed the $854 billion spending package that had been passed by the House and Senate. The signing, announced by Senate Republicans, averts a partial government shutdown...

  • Is Your State Wasting Taxpayer Money? Why It Can Be So Hard to Find Out

    By Sheila Weinberg

    The end of September is always an interesting time for citizens concerned with government spending, particularly accountants. By the end of this week, all 50 states will have closed out Fiscal Year...

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