Budget
  • U.S. Treasury Secretary Steven Mnuchin in Washington, U.S., May 23, 2017. REUTERS/Jim Bourg

    US Treasury to Borrow More Than $1.3 Trillion in 2018

    By Michael Rainey

    The 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...

  • A Balance Sheet for the Pentagon

    By The Fiscal Times Staff

    The 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...

  • US Debt Issuance Headed for a Record High

    By Michael Rainey

    Bond 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...

  • Transfer Payments Hit $3 Trillion Annual Pace

    By The Fiscal Times Staff

    Total 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...

  • Defense Firms Don’t Like Competing on Price

    By Michael Rainey

    Boeing 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...