Budget
  • Deficit Will Grow by $800 Billion More Than Previously Expected Over Next Decade: CBO

    U.S. budget deficits are projected to grow by $809 billion more than previously expected over the next 10 years, primarily as a result of the two-year budget deal passed by Congress last month, the...

  • We May Need ‘Helicopter Money’ to Fight the Next Downturn: Report

    By Michael Rainey

    The next recession will call for unprecedented coordination of fiscal and monetary policy in the U.S. and other advanced economies, according to a new report from the BlackRock Investment Institute...

  • File photo of the Apollo 11 Lunar Module ascent stage, with astronauts Neil A. Armstrong and Edwin E. Aldrin Jr. aboard, is photographed from the Command and Service Modules in lunar orbit

    A Discount Moonshot?

    By Michael Rainey

    NASA is working on a plan to return to the moon by 2024 at a cost that’s expected to exceed $50 billion. But according to Politico’s Bryan Bender, former House Speaker and noted lunar enthusiast Newt...

  • House Minority Leader Nancy Pelosi speaks with reporters during her weekly news conference on Capitol Hill in Washington

    Pelosi Warns Trump on Foreign Aid Cuts

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) said the Trump administration’s reported effort to cancel more than $4 billion in unspent foreign aid funds raises serious legal issues and could jeopardize the two-...

  • District of Columbia

    Spending Up, Revenue Down

    By Michael Rainey

    Politicians argue about whether the U.S. has a revenue problem (taxes too low) or a spending problem (spending too high), but in historical context, it looks like the answer might be “both.” The...