• The Air Force’s $1,280 Coffee Cup

    By Michael Rainey

    Keeping a cup of coffee hot can be a pricey proposition if you happen to serve on a U.S. Air Force transport jet. Crew members on more than 300 KC-10, C-5 and C-17 aircraft use specially designed...

  • Spain in recession as austerity bites deep

    Bond Traders Shrug Off Massive Debt Auctions

    By Michael Rainey

    The U.S. Treasury is issuing $276 billion in debt this week as the deficit continues to soar in the wake of the tax cuts and higher government spending this year, with some specific bills and notes...

  • Senators Warn Against Bringing Back Earmarks

    A group of nine Republican senators and one Democrat is pushing back against the potential return of congressional “earmarks,” those spending items or tax and tariff benefits targeted to a specific...

  • 3) California

    Kansas or California as a Model for America’s Future Growth?

    By The Fiscal Times Staff

    If you had to choose either Kansas or California to serve as a model for America’s future growth, which would it be, Bloomberg’s Barry Ritholtz asks . The answer, he argues, is obvious — yet...

  • Senator Harris questions DHS Secretary Nielsen during Senate Homeland Security and Governmental Affairs Committee hearing in Washington

    Kamala Harris' Trillion-Dollar Tax Plan

    By Michael Rainey

    Republicans aren’t the only ones coming up with trillion-dollar tax plans. California’s Kamala Harris, a rising Democratic star in the Senate, released a proposal Thursday to repeal the $1.9 trillion...

  • 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...

  • 529 Plans Are Growing — and So Is Their Cost to the Government

    Education savings accounts called 529 plans have grown dramatically since 2010, both in terms of the number of accounts and total assets, according to research by The Pew Charitable Trusts . And they...

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