Budget

16 States Sue Trump: The Court Battles Over His ‘Emergency’ Are Just Getting Started

By Yuval Rosenberg

A coalition of 16 states filed a lawsuit in federal court Monday challenging President Trump’s move to invoke emergency powers to redirect billions of dollars for construction of a border wall. The...
Elizabeth Warren Proposes Universal Child Care, Paid for by Taxing Millionaires

By Yuval Rosenberg

Sen. Elizabeth Warren (D-MA), who’s running for the 2020 Democratic presidential nomination, on Tuesday unveiled a universal child care plan that would cap families’ expenses at 7 percent of income...
Klobuchar Pitches Herself as Pragmatic Alternative to Progressive Dems

By Yuval Rosenberg

In a CNN town hall in New Hampshire Monday night, Sen. Amy Klobuchar (D-MN) drew some clear distinctions between herself and some of the most progressive Democratic presidential candidates in the...
Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'

By Michael Rainey

President Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...
A Modest Start for the Space Force

By Michael Rainey

The Pentagon is expected to request about $270 million for the Space Force in its 2020 budget, according to a preliminary Department of Defense memo reviewed by Space News’ Sandra Erwin. The funds...

Trump’s Risky Plan to Get $8 Billion for His Wall

By Yuval Rosenberg

He really did it. President Trump on Friday declared a national emergency in an attempt to bypass Congress and redirect existing funds toward construction of his promised wall along the southern...
The Great Debt Debate: How Dangerous Is It?

By Michael Rainey

MIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...
Trump to Sign Border Deal — and Declare a National Emergency, Too

By Yuval Rosenberg

Roses are red, Violets are blue, President Trump will sign the spending deal and declare a national emergency too. OK, it’s not the most romantic of gestures, but you could call it a Valentine’s Day...
Trump’s Exploding Deficit

By The Fiscal Times Staff

Federal tax revenues fell by 0.4 percent to $3.33 trillion in 2018, the first year under the new tax law, The Treasury Department said Wednesday. The drop in revenues, combined with a 4.4 percent...
Trump Likely to Sign Border Deal, Avert Another Shutdown

By The Fiscal Times Staff

Lawmakers are scrambling to finalize their compromise package on spending and border security — and resolve a few lingering differences — but once they’re done, President Trump is expected to...

Democrats Unveil Their ‘Green New Deal.’ Here’s What It Does – and Doesn’t Do

By Michael Rainey

Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA) released their much-anticipated proposal for a Green New Deal Thursday. Framed as a response to the challenges of global warming, the 14...
Natural Disasters Cost $91 Billion in 2018

By The Fiscal Times Staff

The U.S. experienced 14 natural disasters that cost at least $1 billion each in 2018, the National Oceanic and Atmospheric Administration said Wednesday. Overall, weather and climate disasters did $...
Are Democrats Really Going ‘Socialist’?

By Michael Rainey

President Trump earned a rousing cheer from Republican lawmakers during his State of the Union address when he proclaimed, “America will never be a socialist country.” His proud declaration echoed...
Foreign Ownership of US Debt Continues to Decline

By Michael Rainey

Foreign demand for U.S. government debt has been declining in recent years but domestic investors have picked up the slack, The Wall Street Journal’s Daniel Kruger and Kate Davidson reported...
SOTU 2019: 3 Important Things Trump Said, and 1 Big Thing He Didn’t

By Yuval Rosenberg

President Trump’s 82-minute-long State of the Union address Tuesday night put a uniquely Trumpian spin on the usual recipe for the address: a healthy helping of rah-rah patriotism and legislative...