Budget Battles
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Harris Faces Her Next Big Test
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Harris Launches Ad Blitz Hitting Trump Over Project 2025
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Trump Economic Plans Would Cost More Than $4 Trillion: Analysis
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Fed’s Powell Says ‘Time Has Come’ to Cut Rates
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Kamala Harris's High-Stakes Moment
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US Job Growth Revised Sharply Lower
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Harris Allies Push Back on Critics of Price Gouging Proposal
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Here’s What Happens If Congress Fails to Raise the Debt Ceiling
By Michael RaineyWhat happens if Congress fails to raise the debt limit? A new report from the Bipartisan Policy Center examines that question in detail, and the results aren’t pretty. Here are some highlights — or...
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Why Raising the Debt Ceiling Won’t Be a Problem This Year
By Rob GarverThe final wall of resistance to a “clean” increase of the federal debt ceiling, necessary to avoid a potentially catastrophic government default later this year, appears to have fallen, with White...
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Top GOP Conservative: We Won’t Play Around With the Debt Ceiling
By Rob GarverWhen it comes to the perennial fight to raise the federal debt ceiling, it’s usually best to assume that the struggle to give the Treasury Department clearance to actually pay the debts that the...
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Raise the Debt Ceiling Now, or Face Another Post-Summer Crisis: Meadows
By Eric PianinRep. Mark Meadows, R-NC, one of the most influential conservatives in the House, said Monday he favors quick action this summer to raise the debt ceiling, taking a stand on an issue that is...
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Here’s a Solution for the Annual Debt Ceiling Crisis: Get Rid of It
By Eric PianinWith another debt ceiling crisis looming that threatens a first-ever default by the Treasury and another government shutdown, there is a growing school of thought in the Senate that lawmakers should...
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The National Debt Is a Bigger Problem Than You Think
By Lawrence GoodmanThe U.S. debt situation is worse than commonly realized. Unaddressed, the surge in Treasury borrowing over the last 10 years represents an accident in the offing.
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Mulvaney’s Debt Ceiling Ploy Protects Treasurys, Not Social Security Checks
By Rob GarverThe Trump administration appears to be considering a plan to pay some government debts but not others if the debt ceiling isn’t raised on time. It’s a plan economists and financial markets experts...
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White House’s Debt Ceiling Battle Could Trigger a Shutdown — and a Recession
By Eric PianinAt a time when worldwide confidence in the U.S. has already been badly shaken by President Trump’s go-it-alone, “America First” approach to trade, NATO and climate change, a White House riven by...
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New Debt Ceiling Deadline Could Ruin Lawmakers' Summer Vacations
By Rob GarverThe federal debt limit, previously thought to be an issue that could be postponed to the fall, may need to be raised prior to the August recess, complicating the lives of top Republicans in Congress.
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The Great Risk Shift Is Back
By Mark ThomaThe vote in the House of Representatives to dismantle Obamacare was not the only attempt to undo key legislation from the Obama years that occurred last Thursday.
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As the Debt Hits $19 Trillion, Has the US Reached a Tipping Point?
By Rob Garver and Eric PianinFor several years, the growing federal debt was ignored as the economic recovery chipped away at once massive spending shortfalls of $1 trillion or more. Now, there’s an uneasy feeling among many...
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Tea Party Revolts Against Obama’s Budget as Debt Exceeds $19 Trillion
By Eric PianinIn what appears to be an extraordinary snub of White House budget director Shaun Donovan, the Republican chairs of the House and Senate Budget Committees announced on Thursday they would not host...
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House Report Says Treasury Secretary Misled Congress Over Debt Ceiling Risks
By Eric PianinDuring an October 2013 appearance before the Senate Finance Committee, Lew warned Congress against a “manufactured crisis” over the debt ceiling in Washington. He added that prioritization was “...
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CBO Predicts First Deficit Spike Since 2009
By Rob GarverDriven in large part by legislation that renewed a number of expired tax breaks and made them permanent, the Congressional Budget Office says that fiscal year 2016 will be the first in which the...
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Let’s Finally Debate the Greatest Threat to America: Our $18.9 Trillion in Debt
By Mark Sanford, The Fiscal TimesThere have been debates, bluster, TV coverage, and more, but you know what’s been lacking in this Presidential race…a serious discussion of the debt, deficit, and government spending. It’s been...