Budget
  • U.S. Treasury Secretary Steven Mnuchin in Washington, U.S., May 23, 2017. REUTERS/Jim Bourg

    Mnuchin Spins a False Claim About Tax Cuts and the Deficit

    The Congressional Budget Office projected last week that the federal government’s fiscal 2018 deficit would total $782 billion. The final numbers will be released by the Treasury Department, but...

  • Pentagon Grounds All F-35s

    By Michael Rainey

    The U.S. Defense Department grounded all F-35 jets on Thursday, on the heels of a crash on September 28 in South Carolina. Investigators examining the loss of an F-35B, the Marine Corps’ version of...

  • FILE PHOTO: President Donald Trump hosts a lunch with Senate Majority Leader Mitch McConnell and Speaker of the House Paul Ryan at the White House in Washington

    Trump’s Border Wall: A Christmastime Clash Is Coming

    There won’t be much holiday cheer on Capitol Hill this year, Politico’s Playbook warns : “Over the last few days, we’ve seen a massive ramp-up of the ‘build-the-wall’ rhetoric from key Hill...

  • How GOP Rhetoric on Entitlements Has Changed

    By The Fiscal Times Staff

    The Washington Post’s David Weigel describes how Republicans have changed their tune on Medicare and, for this year at least, largely abandoned the idea of entitlement reform: “[O]ver eight years,...

  • How the Army ‘Found’ $25 Billion

    By Michael Rainey

    The U.S. Army has been combing through its existing programs to identify potential sources of funding that can be applied to its ambitious modernization program, and according to Army Secretary Mark...

  • White House economic adviser Larry Kudlow speaks during a meeting of the Economic Club of New York in New York

    Larry Kudlow Wants to Put a ‘Big Dent’ in Government Spending

    Larry Kudlow, the director of President Trump’s National Economic Council, is once again talking up the economy and talking down the threat posed by rising debt and deficits. And once again, he’s...

  • Price Drops for Next Batch of F-35s

    By Michael Rainey

    The Pentagon and Lockheed Martin have reached an agreement on the financial terms for the next batch of F-35 Lightning IIs. The so-called Lot 11 production will include 141 stealth jets, with 91...

  • One Key Way the US Lags Behind Finland (and Denmark and Taiwan)

    By The Fiscal Times Staff

    The U.S. ranks 27th in a new study that ranks 195 countries based on “expected human capital” — the population’s overall level of survival, health and education, considered a key determinant of...

  • FILE PHOTO: A combine drives over stalks of soft red winter wheat during the harvest on a farm in Dixon, Illinois

    Congress Fails to Pass Farm Bill

    By Michael Rainey

    The federal farm bill expired at midnight on Sunday, leaving dozens of programs in limbo until Congress can pass a new spending package or an extension of the old one. Lawmakers were unable to agree...

  • U.S. President Trump arrives to discuss trade deal in the Rose Garden of the White House in Washington

    What’s in Trump’s New NAFTA?

    By Michael Rainey

    President Trump announced a new trade deal with Canada and Mexico Monday that is intended to replace NAFTA, the 24-year-old trade agreement that regulates roughly $1.2 trillion worth of trade between...

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