• Why Children Lose Out in the Federal Budget

    By Michael Rainey

    The federal government spends much less on children than it does the elderly, with the latter claiming roughly 35 percent of the annual budget. The disparity is driven in part by the government’s...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    Spending Caps Could Come Roaring Back in 2020

    By Michael Rainey

    Congress has busted through its self-imposed spending caps for this year and next, enabling the government to spend billions more that the limits imposed by the Budget Control Act of 2011. The...

  • U.S. President Trump talks with U.S. Army Major General Piatt during demonstration at Fort Drum, New York

    Cost of Trump’s Military Parade Rising Fast

    By Michael Rainey

    It looks like President Trump’s military parade is going to cost a lot more than the initial estimate suggested – about $80 million more. The Department of Defense pegged the cost of the parade at...

  • 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 entrance and logo of a Social Security Office in Pasadena

    Chart of the Day: Americans Using Government Programs

    The federal welfare program called Temporary Assistance for Needy Families delivers cash aid to about 2.5 million people, or less than 1 percent of the U.S. population — “far smaller than the share...

  • U.S. President Trump participates in tour of U.S.-Mexico border wall prototypes near Otay Mesa Port of Entry in San Diego, California

    Why Trump’s Border Wall Could Cost More Than $25 Billion

    By Michael Rainey

    U.S. Customs and Border Protection has analyzed several types of barriers for use on the Southwestern border but has failed to estimate the costs of building those barriers in all relevant locations...

  • A firefighter watches the flames of the Carr Fire advance as it burns west of Redding

    Is Congress Headed for a Disaster Relief Showdown?

    By Michael Rainey

    Deficit hawks warn that soaring budget shortfalls and rising national debt will leave less fiscal space — or at least the perception of less fiscal space — for lawmakers to respond to the next...

  • 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...

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