• 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...

  • Fiscal Policy Gives the Economy a Boost

    By Michael Rainey

    Federal, state and local fiscal policies boosted GDP growth by 0.6 percentage points in the second quarter, according to an analysis by the Hutchins Center on Fiscal & Monetary Policy at the...

  • Public Pensions Face a $5 Trillion Hole

    By The Fiscal Times Staff

    “Many cities and states can no longer afford the unsustainable retirement promises made to millions of public workers over many years,” writes The Wall Street Journal’s Sarah Krouse . “By one...

  • An artist's concept of a Space Laser Satellite Defense System.

    Pentagon Plans Liftoff for Space Force

    By Michael Rainey

    Congress failed to provide funding for President Trump’s “Space Force” in its 2019 defense spending bill , but that hasn’t stopped the Pentagon from working on a plan for the new military agency. The...

  • U.S. President Trump and Italy's Prime Minister Conte hold joint news conference at the White House in Washington

    How to Interpret Trump's Surprise Government Shutdown Threat

    Surprise! President Donald Trump is once again threatening to shut down the government over his desire for stricter immigration policies and funding for a border wall with Mexico. “I would be willing...

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

    Putting a Price Tag on Medicare for All

    By Michael Rainey

    Sen. Bernie Sanders’ “Medicare for all” proposal would increase federal spending by $32.6 trillion over 10 years, according to a new analysis of the proposed legislation by a libertarian think tank...

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