The Fiscal Times |

Newsletter

Chart of the Day: Deficits Rising

Budget deficits normally rise during recessions and fall when the economy is growing, but that’s not the case today. Deficits are rising sharply despite robust economic growth, increasing from $666...
4.2 Million Uninsured People Could Get Free Obamacare Plans

About 4.2 million uninsured people could sign up for a bronze-level Obamacare health plan and pay nothing for it after tax credits are applied, the Kaiser Family Foundation said Tuesday. That means...

$733 Billion? $700? $750? Trump Sows Confusion on Defense Spending

President Trump has offered significantly different opinions on future defense spending in the last few weeks, indicating in October that next year’s budget would be cut amid rising deficits and then...
Number of Uninsured Americans Rose by 700,000 in 2017

The number of uninsured people in the United States rose by nearly 700,000 to 27.4 million in 2017, the first increase since 2010, according to an analysis by the Kaiser Family Foundation. The...
Deficit Climbs to $303 Billion Over First Two Months of Fiscal 2019

The U.S. budget deficit jumped to $303 billion in October and November, the first two months of the 2019 fiscal year, according to data released by the Congressional Budget Office Monday. Here are...
Inside the Remarkable — and Costly — Decline of the IRS

Weighed down by budget cuts and staff reductions, the number of audits performed by the Internal Revenue Service has been dropping for years. A new report from ProPublica and The Atlantic takes a...
Taking the Sting Out of a New Tax on Nonprofits

Under the 2017 tax law, some churches, charities and other nonprofit organizations are being hit with a new tax on the value of transportation benefits provided to employees, including free parking...