Budget
  • Military Parade at Trump Inauguration

    Trump Cancels His Military Parade as Costs Soar

    By Michael Rainey

    President Trump said Friday that he has canceled plans for a military parade in Washington this fall amid reports of rapidly rising costs. On Thursday, an unnamed source at the Pentagon told CNBC...

  • Top White House economic adviser Larry Kudlow speaks at the White House in Washington

    Is This an Economic Boom or Just a Blip?

    By Michael Rainey

    Most mainstream economists think the booming GDP growth recorded in the fourth quarter will ease toward the end of the year, but President Donald Trump’s chief economic adviser Larry Kudlow says...

  • Why Children Lose Out in the Federal Budget

    By Michael Rainey

    The federal government spends much less on children than it does the elderly, with the latter claiming roughly 35 percent of the annual budget. The disparity is driven in part by the government’s...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    Spending Caps Could Come Roaring Back in 2020

    By Michael Rainey

    Congress has busted through its self-imposed spending caps for this year and next, enabling the government to spend billions more that the limits imposed by the Budget Control Act of 2011. The...

  • U.S. President Trump talks with U.S. Army Major General Piatt during demonstration at Fort Drum, New York

    Cost of Trump’s Military Parade Rising Fast

    By Michael Rainey

    It looks like President Trump’s military parade is going to cost a lot more than the initial estimate suggested – about $80 million more. The Department of Defense pegged the cost of the parade at...

  • A cyclist passes the U.S. Capitol in Washington

    Congress Puts Spending Bills in Gear

    By Michael Rainey

    Congress is on pace to do something it hasn’t done in more than 20 years: pass all of its spending bills before the fiscal year begins on October 1. How they’re doing it: In order to move the...

  • U.S. President Donald Trump holds a space astronaut toy as he participates in a signing ceremony for Space Policy Directive at the White House in Washington D.C.

    Trump Wants $8 Billion to Build the Space Force

    By Michael Rainey

    The Trump administration wants to spend $8 billion over the next five years to establish the U.S. Space Force as a sixth branch of the military, Vice President Mike Pence said Thursday. In a speech...

  • The Coming Government Spending Spree

    The end of the U.S. government’s fiscal year is less than two months away, and as Frank Konkel lays out at Nextgov , that means federal agencies will be on a mad dash to spend a big chunk of their...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    The Deficit Is Up 20% This Year

    By The Fiscal Times Staff

    The federal deficit was 20 percent larger in the first 10 months of fiscal year 2018 than it was during the same time last year, the Congressional Budget Office announced Wednesday. Revenues rose 1...

  • Senator Bernie Sanders (I-VT) speaks during an event to introduce the "Medicare for All Act of 2017\

    Putting a Price Tag on the Democratic Socialist Agenda

    By Michael Rainey

    A number of policy proposals associated with the “democratic socialist” agenda of Bernie Sanders and Alexandria Ocasio-Cortez are gaining ground in the Democratic Party and will likely play a role in...

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