Budget
  • Deficit Hit $100 Billion in October

    By The Fiscal Times Staff

    The U.S. government spent $353 billion in October while revenues came in at $253 billion, producing a deficit of $100 billion. Receipts were 7 percent higher than a year ago, but spending was up 18...

  • Congressional Corrosion Prevention Caucus

    The Pentagon's $21 Billion Rust Problem

    By The Fiscal Times Staff

    “Rust costs the Pentagon more money annually than many of its most expensive weapons systems—up to $21 billion per year, according to a Defense Department-commissioned audit released in March,” Next...

  • U.S. President Trump tosses rolls of paper towels to people at a hurricane relief distribution center at Calvary Chapel in San Juan

    Trump Wants to Cut Off Hurricane Maria Relief Funds for Puerto Rico: Report

    By Michael Rainey

    President Donald Trump reportedly wants to stop providing federal relief funds to Puerto Rico for recovery efforts related to Hurricane Maria. Axios’ Jonathan Swan reports that Trump is convinced – “...

  • Chart of the Day: How Taxes and Transfers Affect US Incomes

    By Michael Rainey

    A new analysis of the distribution of household income by the Congressional Budget Office shows how taxes and means-tested transfers such as Medicaid and food stamps affect US incomes. “The combined...

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

    Improving Odds for the Farm Bill

    By The Fiscal Times Staff

    The Farm Bill has been held up by a dispute over new work requirements for the Supplemental Nutrition Assistance Program, or SNAP, among other issues. House Republicans passed a bill that includes...

  • 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.

    Why the Midterms Could Kill Trump's Space Force

    By Michael Rainey

    The fate of President Trump’s new military branch could depend on the outcomes of the midterm elections, says Joe Gould of Defense News. The Pentagon is working on a plan to create the Space Force,...

  • An aerial view of the Pentagon building in Washington, June 15, 2005. [U.S. Defense Secretary Donald..

    Pentagon’s Revolving Door in Full Swing

    By Michael Rainey

    The steady stream of top military officials moving from the Pentagon to defense contractors shows no signs of slowing down, according to a new report from the Project on Government Oversight (POGO),...

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

    How Congress Got So Broken

    The founders of the United States envisioned Congress as a co-equal branch of government, but that model of government “is effectively dead,” a new analysis by The Washington Post and ProPublica...

  • Visualizing the ‘Great Decoupling’

    By Michael Rainey

    The Washington Post’s Catherine Rampell asked economist and data visualization specialist Jonathan Schwabish of the Urban Institute to create a chart that shows how unusual the large and growing...

  • FILE PHOTO: Kudlow gives a press briefing at the White House in Washington

    As Deficit Soars, Trump Advisers Focus on Discretionary Spending Cuts

    National Security Adviser John Bolton, speaking Wednesday at an event hosted by the Alexander Hamilton Society in Washington, warned that the national debt is a societal threat with security...

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