The Fiscal Times Staff
Recent Stories By The Fiscal Times Staff:
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Social Security Benefits to Rise 2.5% in 2025October 10, 2024
Social Security recipients will receive a 2.5% cost of living adjustment in 2025, the Social Security Administration announced Thursday. It’s the smallest increase in four years, reflecting the...
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Budget Deficit Tops $500 Billion in the First QuarterJanuary 11, 2024
The federal budget deficit was $129 billion in December, the Treasury Department reported Thursday. That brings the deficit for the first quarter of the 2024 fiscal year, which began in October, to $...
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Number of the Day: $61.17November 22, 2023
The American Farm Bureau estimates that the cost of a Thanksgiving dinner for ten people will be $61.17 this year, down 4.5% from last year’s record-high cost of $64.05. The dinner includes a 16-...
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US Health Care System: High Cost, Poor PerformanceFebruary 1, 2023
You may already know this sad fact about US health care: We spend more than any other high-income country but get worse outcomes. That shocking truth is no longer surprising, but a new report by The...
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First-Quarter Budget Deficit Rose to $418 Billion: CBOJanuary 10, 2023
The federal budget deficit was an estimated $82 billion in December, the Congressional Budget Office reported Tuesday, bringing the total deficit for the first quarter of the 2023 fiscal year, which...
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IRS Chief Pushes Back on GOP Audit ClaimsAugust 25, 2022
“As the nation’s tax administrator, the IRS plays a unique role in our nation. It can be a difficult job. After all, does anyone really like paying taxes? Of course not. But they’re essential to fund...
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As Social Security Turns 87, Democrats Warn GOP Wants to ‘Put It on the Chopping Block’August 16, 2022
President Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1935, and Democratic leaders on Monday celebrated the 87th anniversary of that monumental event – while warning...
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Does the Supreme Court Leak Upend Democrats’ Agenda?May 3, 2022
News that the Supreme Court likely plans to overturn Roe v. Wade overwhelmed just about everything else in Washington today, and the uproar raises the question of whether the abortion rights issue...
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'There Will Have to Be a Fiscal Correction': S&P’s US Credit Downgrade, 10 Years LaterMarch 18, 2021
John Chambers, former chairman of the sovereign rating committee at Standard & Poor’s, is one of the analysts who stripped the U.S. of its AAA credit rating in 2011, reducing it one notch to AA+...
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Deficit Tops $1 Trillion in Five Months: CBOMarch 9, 2021
The federal budget deficit topped $1 trillion in the first five months of the 2021 fiscal year, the Congressional Budget Office announced Monday. The deficit from the beginning of October through...
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Chart of the Day: $10,269 in Covid Relief Per PersonFebruary 12, 2021
The U.S. has enacted about $3.4 trillion in Covid relief and stimulus over the last year, and Democrats are currently working to pass President Biden’s proposal to provide another $1.9 trillion. The...
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Deficit Jumps to $163 Billion in JanuaryFebruary 11, 2021
The federal budget deficit rose sharply to $163 billion in January, the Treasury Department announced Wednesday, as the government pumped more money into an economy still suffering from the effects...