Budget Battles
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Trump's ‘Big & Bold’ Idea for the Next Stimulus
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Pelosi Eyes Another Massive Coronavirus Bill
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After Late Drama, Trump Signs $2 Trillion Coronavirus Bill
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What’s in the $2 Trillion Coronavirus Relief Deal
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The Largest Aid Package in US History
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Senate Fails Again on Coronavirus Relief Bill
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A Coronavirus Depression??
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Pelosi Floats Stimulus Idea That Would Benefit High Earners
House Speaker Nancy Pelosi has floated another suggestion for the next round of fiscal stimulus: A retroactive rollback of the 2017 Republican tax law’s limit on state and local tax deductions. In an...
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Trump's ‘Big & Bold’ Idea for the Next Stimulus Bill
As lawmakers set their sights on a fiscal stimulus plan to follow their $2 trillion coronavirus relief package, President Trump on Tuesday said that a $2 trillion infrastructure program should be...
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Chart of the Day: The Massive Response to the Coronavirus
By Michael RaineyThe world has never seen anything like the current fiscal and monetary response to the coronavirus epidemic, says Gavyn Davies of the Financial Times, and the U.S. taking some of the most aggressive...
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What’s After the $2 Trillion Rescue? Pelosi Plans a Big Stimulus
President Trump signed a $2 trillion coronavirus relief bill into law on Friday — the largest such package in U.S. history. Now, officials are already looking ahead to the next phase of emergency...
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After Late Drama, House Passes — and Trump Signs — $2 Trillion Coronavirus Bill
The House of Representatives approved a massive, $2 trillion coronavirus relief package and President Trump signed it into law Friday afternoon, but not without some late drama that threatened to...
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Answers to Your Questions About the Coronavirus Direct Payments
By Michael RaineyMillions of Americans — and many of our readers — are wondering what kind of check they’ll be getting from the Treasury as part of the emergency aid package that is expected to become law as soon as...
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Breaking Down the Costs of the $2 Trillion Coronavirus Rescue Package
The nearly 900-page coronavirus relief package passed by the Senate late Wednesday night includes some $2.3 trillion in costs , according to the The Committee for a Responsible Federal Budget, though...
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What’s in the $2 Trillion Coronavirus Relief Package
By Michael Rainey and Yuval RosenbergCongressional leaders and the Trump administration agreed early Wednesday morning to a massive $2 trillion aid package designed to support individuals and businesses struggling amid the coronavirus...
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Congress Closes In on a $2 Trillion Coronavirus Deal
Congressional negotiators and the Trump administration are nearing a bipartisan agreement on a massive coronavirus relief bill totaling nearly $2 trillion — a spending package that would be far and...
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Senate Fails Again on Coronavirus Relief Bill
They still don’t have a deal. For the second time in two days, Senate Democrats on Monday blocked a nearly $2 trillion coronavirus relief package, as a four-day-long scramble to finalize the...
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US Treasury to Borrow More Than $1.3 Trillion in 2018
By Michael RaineyThe U.S. Treasury said Monday it expects to issue about $425 billion in debt this quarter, raising its 2018 borrowing to more than $1.3 trillion, a 145 percent increase from the $546 billion issued...
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A Balance Sheet for the Pentagon
By The Fiscal Times StaffThe Department of Defense initiated its first financial statement audit last December – “the largest and most complex financial audit ever,” according to a recent DoD report on military spending in...
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US Debt Issuance Headed for a Record High
By Michael RaineyBond traders expect the U.S. Treasury to announce record-setting debt sales at the end of the month, Bloomberg’s Liz McCormick says : “Many strategists at primary-dealer firms predict that the...
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Transfer Payments Hit $3 Trillion Annual Pace
By The Fiscal Times StaffTotal government transfers reached $3 trillion on an annualized basis for the first time in September, according to data released by the Bureau of Economic Analysis Monday. Transfer payments include...
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Defense Firms Don’t Like Competing on Price
By Michael RaineyBoeing has won three big defense contracts in recent weeks, and its competitors aren’t happy about it. According to The Wall Street Journal Thursday, rivals including Lockheed Martin are worried that...