Budget

Why Trump’s Space Force May Have Trouble Getting Off the Ground

By Michael Rainey

President Trump’s surprise announcement about the creation of a new “Space Force” branch of the military is already meeting resistance in Congress and the Pentagon. According to The Hill , senators...
Trump’s Plan to Overhaul the Government

By Yuval Rosenberg

The Trump administration on Thursday unveiled a sweeping proposal to reorganize the federal government by merging departments, shrinking agencies, consolidating social safety net programs, selling...
Everything You Need to Know About the New GOP Budget

By Yuval Rosenberg

House Republicans released a 2019 budget proposal Tuesday that, though it stands little chance of advancing, signals the party’s priorities: The blueprint would balance the budget in nine years by...
The High Cost of Trump's Border Crisis

By Michael Rainey

In an abrupt reversal in the face of mounting political and public pressure, President Trump on Wednesday signed an executive order to end the separation of migrant children from their parents at the...
Trump Again Threatens a Government Shutdown Over Border Wall Funding

By Yuval Rosenberg

Angry over the lack of full, upfront funding for his border wall with Mexico, President Trump reportedly threatened to shut down the government in September. Politico reports that Trump “fumed to...

The Politics Behind Permanent Trillion-Dollar Deficits

By Yuval Rosenberg

Budget Guy Stan Collender writes that budget deficits under the Trump administration are projected to hit $1 trillion in 2020 — and keep rising to $1.5 trillion in fiscal 2028. “But what’s most...
House Committee to Mark Up Doomed 2019 Budget

By Yuval Rosenberg

House Budget Committee Chairman Steve Womack (R-AR) announced Monday that his panel will hold a two-day markup of the fiscal 2019 budget resolution on Wednesday and Thursday. The resolution...
Another Way Trump’s Trade War Could Hurt the US

By Yuval Rosenberg

Peter Boockvar, chief investment officer at the Bleakley Advisory Group, adds another wrinkle to the dangers of an emerging trade war. In a Monday morning email, Boockvar notes that foreigners were...
Trump Calls for the Military to Add a Space Force

By Michael Rainey

President Trump ordered the Defense Department on Monday to take steps toward creating a new branch of the military focused on space. "I am hereby directing the Department of Defense and Pentagon to...
Is Trump Really Saving Money by Canceling ‘War Games’ in South Korea?

By Michael Rainey

President Trump announced Tuesday that the extensive joint military exercises the U.S. regularly holds with South Korea will cease as he seeks to improve relations with North Korea. In addition to...

Does This Mean No More Infrastructure Weeks?

By Michael Rainey

It looks like the Trump administration is throwing in the shovel on its infrastructure plans this year. White House Legislative Affairs Director Marc Short told reporters Friday that the White House’...
Appropriations Watch 2019: Rev Up the Minibuses

By Yuval Rosenberg

Forget the omnibus. The Senate this year is opting for minibuses. Senate Majority Leader Mitch McConnell (R-KY) said Thursday that he’ll look to pass fiscal 2019 spending bills in groups of “minibus...
Trump’s 2019 Budget Underestimated New Debt by $2.3 Trillion, CBO Says

By Yuval Rosenberg

Remember President Trump’s 2019 budget — that big document released in February and then immediately dismissed or ignored? Well, a new analysis released Thursday by the nonpartisan Congressional...
Health Subsidies Will Cost More Than $1 Trillion by 2028: CBO

By Yuval Rosenberg

The Congressional Budget on Wednesday put out a new report looking on the health care market for Americans under age 65. Some key points: The number of insured and uninsured: On average this year,...
Why Some Republicans Are Resisting Trump's Spending Cuts

By Yuval Rosenberg

Democrats have taken issue with President Trump’s proposed spending cuts, and some Republicans have serious concerns as well. “We never anticipated the kind of pushback we would have in our own...