Budget
  • GOP Lawmakers Push Back on Trump’s Federal Pay Freeze

    By Michael Rainey

    Contradicting a plan announced by President Trump, Republican lawmakers have tentatively agreed to give roughly 2 million federal workers a pay 1.9 percent pay hike next year, The Washington Post...

  • 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...

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