Budget

Elizabeth Warren Says Americans Will Spend $11 Trillion on Health Care. Is That True?

By Michael Rainey

Elizabeth Warren says that Americans will spend “about $11 trillion on insurance premiums, copays, deductibles and uncovered medical expenses” over the next 10 years if the current health care system...
Mark Sanford Ends 2020 Presidential Bid Challenging Trump

By Yuval Rosenberg

Former South Carolina Rep. Mark Sanford suspended his longshot presidential bid on Tuesday, 65 days after he announced he would challenge President Trump for the 2020 Republican nomination. A fiscal...
A Third Round of Farm Bailouts?

By Yuval Rosenberg

President Trump’s trade wars are hurting U.S. farmers, but Agriculture Secretary Sonny Perdue is working to keep them from getting more frustrated even as he promotes President Trump’s agenda, The...
A Dam Big Problem

By Yuval Rosenberg

A more than two-year-long investigation by the Associated Press has identified 1,688 dams across 44 states and Puerto Rico that are in poor or unsatisfactory condition and could result in life-...
Sanders, Buttigieg Release Plans for Veterans Affairs

By The Fiscal Times Staff

Bernie Sanders unveiled on Monday a proposal to expand services provided by the Department of Veterans Affairs. Among numerous policy details in the proposal, Sanders said he would: Fill 50,000...

Congress Wants to Push Shutdown Deadline into December

By Yuval Rosenberg

The House will vote the week of November 18 on a short-term spending bill intended to avert a government shutdown later that week, House Majority Leader Steny Hoyer (D-MD) said in a letter to...
Buttigieg’s $1 Trillion Plan for Free Tuition, Child Care and Housing

By Michael Rainey

Democratic presidential contender Pete Buttigieg released on Friday more than $1 trillion worth of proposals that focus on education, housing and child care. The plans include: $700 billion for pre-K...
Democrats Propose New Tax on Millionaires

By Michael Rainey

Two Democratic lawmakers unveiled a plan Thursday that would raise taxes on high-income households. Sen. Chris Van Hollen of Maryland and Rep. Don Beyer of Virginia are proposing a 10-percentage...
Senate Committee Approves Budget Reforms

By The Fiscal Times Staff

The Senate Budget Committee on Wednesday approved a bipartisan bill that aims to reform the federal government’s budget process. The Bipartisan Congressional Budget Reform Act “would provide a more...
Number of the Day: Federal Salaries Lag Private Sector by 27%, Report Says

By Yuval Rosenberg

Salaries for federal employees are nearly 27% lower, on average, than those for their private-sector counterparts, according to figures reported Tuesday by the Federal Salary Council, an advisory...

Trump Food Stamp Rule Could End School Lunches for 500,000

By Michael Rainey

The Trump administration’s effort to tighten the rules for food stamp eligibility could result in a half-million children losing access to free school lunches, according to an unpublished analysis by...
Trump Administration Threatens to Withhold Highway Funds from California

By Yuval Rosenberg

The Trump administration is ramping up it’s war with California . The Washington Post reports that Environmental Protection Agency Administrator Andrew Wheeler sent a letter Monday to the California...
Senate Republicans Back Trump’s Bid for $5 Billion in Border Wall Funding

By Yuval Rosenberg

Senate Republicans are backing President Trump’s request for $5 billion in funding for his proposed border barriers. On Tuesday, Trump’s Republican allies in the Senate unveiled a $71 billion draft...
Get Ready for More Short-Term Spending Bills

By Michael Rainey

We told you last week that lawmakers on Capitol Hill, seeking to avert a fight over President Trump’s border wall, were considering an option to extend funding for the Department of Homeland Security...
Trump Officials Mull Taking Billions More from Military for Border Wall: Report

By Yuval Rosenberg

The Trump administration drew the ire of lawmakers with its controversial move to defy Congress and divert $3.6 billion dollars in military funding toward construction of barriers along the border...