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...

  • Boeing Picked for $9 Billion Air Force Training Jet Program

    By The Fiscal Times Staff

    Boeing’s T-X trainer has been selected to replace the T-38 Talon jets used to train U.S. Air Force pilots since the early 1960s. The contract for 351 to 475 aircraft could be worth as much as $9.2...

  • Fingers Crossed on Those Killer Asteroids

    By The Fiscal Times Staff

    The Trump administration wants to give NASA more than $100 million to develop new techniques for fending off asteroids hurtling toward Earth, but Congress’s inability to get all of its spending bills...

  • U.S. President Trump participates in tour of U.S.-Mexico border wall prototypes near Otay Mesa Port of Entry in San Diego, California

    Bye-Bye to Trump’s Border Wall?

    President Trump indicated Wednesday that he won’t seek to shut down the government at the end of the month and would sign the spending bills sent to his desk by Congress. By doing so, he might be...

  • U.S. President Trump and Italy's Prime Minister Conte hold joint news conference at the White House in Washington

    Plenty of DC Drama, Just Not About a Shutdown

    The intensifying D.C. dramas this week over Brett Kavanaugh’s Supreme Court nomination and Deputy Attorney General Rod Rosenstein’s fate — both likely to crescendo on Thursday — are overshadowing a...

  • F-35 Bravo Lightning II stand ready on the deck of amphibious assault ship USS Wasp for day two of the first phase operational testing in the Atlantic Ocean

    US F-35s Could See Combat Soon

    By The Fiscal Times Staff

    The U.S. may send its most expensive weapon system into combat in the coming weeks, according to Pentagon officials who spoke to CNN . The Marine Corps version of the stealth Lightning II – the F-35B...

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