Budget

Will Republicans Defy Trump on His National Emergency?

By Yuval Rosenberg

House Speaker Nancy Pelosi said she would move swiftly to block President Trump’s declaration of a national emergency on the southern border, and she is. The House will vote Tuesday on a disapproval...
Pelosi Prepares a Trump Smackdown

By Yuval Rosenberg

House Speaker Nancy Pelosi said Wednesday night that the House will “move swiftly” to vote on a resolution to terminate President Trump’s declaration of a national emergency on the border with Mexico...
16 States Sue Trump: The Court Battles Over His ‘Emergency’ Are Just Getting Started

By Yuval Rosenberg

A coalition of 16 states filed a lawsuit in federal court Monday challenging President Trump’s move to invoke emergency powers to redirect billions of dollars for construction of a border wall. The...
Elizabeth Warren Proposes Universal Child Care, Paid for by Taxing Millionaires

By Yuval Rosenberg

Sen. Elizabeth Warren (D-MA), who’s running for the 2020 Democratic presidential nomination, on Tuesday unveiled a universal child care plan that would cap families’ expenses at 7 percent of income...
Klobuchar Pitches Herself as Pragmatic Alternative to Progressive Dems

By Yuval Rosenberg

In a CNN town hall in New Hampshire Monday night, Sen. Amy Klobuchar (D-MN) drew some clear distinctions between herself and some of the most progressive Democratic presidential candidates in the...

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...
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...
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...