Budget
  • FILE PHOTO: California Governor Brown speaks in Sacramento

    Four States That Will Founder When the Next Recession Hits

    By Orphe Divounguy

    While the U.S. is enjoying stock market highs and steady GDP growth, the current economic expansion — which is currently in year 10 — can’t last forever. Many economists predict the next recession...

  • FILE PHOTO:  U.S. President Trump displays signature after signing tax bill into law at the White House in Washington

    Column of the Day: ‘Why Are Republican Policy Ideas Falling So Flat?’

    By The Fiscal Times Staff

    New York Times columnist Paul Krugman argues that “Republicans have decisively lost the battle of ideas” given that “their major policy moves, on health care, taxes and tariffs, are playing badly...

  • A $24,000 Generic Drug Bargain?

    By The Fiscal Times Staff

    Gilead Sciences said it will start offering generic versions of its hepatitis C drugs Harvoni and Epclusa next year at a cost $24,000 for a full course of treatment. Gilead introduced Harvoni in 2014...

  • Senator Elizabeth Warren delivers a major policy speech  in Washington

    Elizabeth Warren’s $500 Billion Housing Plan

    By Michael Rainey

    Sen. Elizabeth Warren (D-MA) introduced an ambitious bill Tuesday that targets the growing problem facing millions of Americans: soaring rents and unaffordable home prices. The American Housing and...

  • The Deficit Is Heading to $1 Trillion. How Worried Should We Be?

    By Michael Rainey

    Should we be worried about the rising federal deficit? If not, when should we start worrying – when it hits $1 trillion a year? $2 trillion? Never? That’s the topic of debate in a Bloomberg piece...

  • 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 Coming Government Spending Spree

    The end of the U.S. government’s fiscal year is less than two months away, and as Frank Konkel lays out at Nextgov , that means federal agencies will be on a mad dash to spend a big chunk of their...

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

    The Deficit Is Up 20% This Year

    By The Fiscal Times Staff

    The federal deficit was 20 percent larger in the first 10 months of fiscal year 2018 than it was during the same time last year, the Congressional Budget Office announced Wednesday. Revenues rose 1...

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