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: California Governor Brown speaks in Sacramento

    Four States That Will Founder When the Next Recession Hits

    By Orphe Divounguy

    While the U.S. is enjoying stock market highs and steady GDP growth, the current economic expansion — which is currently in year 10 — can’t last forever. Many economists predict the next recession...

  • FILE PHOTO:  U.S. President Trump displays signature after signing tax bill into law at the White House in Washington

    Column of the Day: ‘Why Are Republican Policy Ideas Falling So Flat?’

    By The Fiscal Times Staff

    New York Times columnist Paul Krugman argues that “Republicans have decisively lost the battle of ideas” given that “their major policy moves, on health care, taxes and tariffs, are playing badly...

  • A $24,000 Generic Drug Bargain?

    By The Fiscal Times Staff

    Gilead Sciences said it will start offering generic versions of its hepatitis C drugs Harvoni and Epclusa next year at a cost $24,000 for a full course of treatment. Gilead introduced Harvoni in 2014...

  • Senator Elizabeth Warren delivers a major policy speech  in Washington

    Elizabeth Warren’s $500 Billion Housing Plan

    By Michael Rainey

    Sen. Elizabeth Warren (D-MA) introduced an ambitious bill Tuesday that targets the growing problem facing millions of Americans: soaring rents and unaffordable home prices. The American Housing and...

  • The Deficit Is Heading to $1 Trillion. How Worried Should We Be?

    By Michael Rainey

    Should we be worried about the rising federal deficit? If not, when should we start worrying – when it hits $1 trillion a year? $2 trillion? Never? That’s the topic of debate in a Bloomberg piece...

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