Fiscal Cliff

Experts Warn of a Coming Fiscal Crisis as Trump Prepares to Take Charge

By Eric Pianin

With the Republicans’ new national agenda in a state of flux just a month before President-elect Donald Trump takes the oath of office, some budget and tax analysts are warning of a dimming fiscal...
Both Trump and Clinton Would Drive the Federal Budget off a Cliff

By Rob Garver

A new analysis of the major party candidates’ tax and spending plans by the Committee for a Responsible Federal Budget shows that Republican Donald Trump and Hillary Clinton are both advocating...
Trump Policy Advisor Promises an Astounding $7 Trillion Surplus

By Rob Garver

Donald Trump sent Sam Clovis, who identifies himself as Trump’s chief policy advisor and the national co-chair of his presidential campaign, to Washington on Wednesday to talk to an audience of...
Two Year Budget Deal Passes in the House

By Kelsey Snell, The Washington Post

Congress on Wednesday moved a step closer to clearing a bipartisan budget deal that would boost spending for domestic and defense programs over two years while suspending the debt limit into 2017...
Four Political Issues That Could Tank the Markets

By Jeff Cox, CNBC

Donald Trump's raucous presidential campaign won't be the only thing lighting the political fires this fall. A handful of significant deadlines and policy decisions loom for Washington and Wall...

Washington Inches Toward Another Fiscal Cliff

By Eric Pianin

After a long day of partisan finger pointing over the Amtrak train disaster, bickering over the defense budget, and worrying that the government is short-changing vital highway and infrastructure...
Obama’s Spending Spree Could Push Long-Term Deficit over $1 Trillion

By Matthew Sabas, The Fiscal Times

The decrease in the federal budget deficit has been touted as an accomplishment by many—most recently by President Obama during his State of the Union Address—but America’s debt situation is far from...
Will the Dow Cross 18,000 Threshold in the Week Ahead?

By Patti Domm, CNBC

Traders will be searching for any signs the economy and job market are really kicking into higher gear, as Friday's jobs report suggests. November saw the strongest employment gains in 35 months, and...
Lame-Duck Action Could Add $1.5T to Long-Term Debt

By Eric Pianin

Largely under the radar screen, lawmakers are toying with ideas that could add as much as $1.5 trillion to the national debt in the coming decade. Washington is transfixed on President Obama’s new...
$1.5B Over Budget, 10 Years Late: DHS HQ May Be Cut Off

By Jerry Markon, The Washington Post

The Department of Homeland Security’s long-delayed new headquarters is running into trouble in Congress again, with Republican lawmakers seeking to end funding for the troubled project and Democrats...

9 Who May Lead the Fed—Depending on the Election

By Merrill Goozner, The Fiscal Times

It is beginning to look like no matter who wins next Tuesday’s election, the eighth Fed chairman Ben Bernanke, whose second term expires on Jan. 31, 2014, will join the two terms-and-out crowd...
Romney, Not Obama, Can Rappel Down the Fiscal Cliff

By Liz Peek

John Paulson’s $100 million gift to New York’s Central Park Conservancy was a stunning “thank-you” from the hedge fund titan to the city where he made his fortune. It is also yet another example of...
Campaigns on Hold as Obama Mans Emergency Command

By Eric Pianin

With only a week before Election Day, President Obama put his reelection campaign on hold and returned to Washington on Monday to oversee emergency preparedness for Hurricane Sandy, a powerful and...
After Sandy, Will Romney Support Funding for FEMA?

By Josh Boak, The Fiscal Times

Mitt Romney’s comments in the early stages of the presidential campaign about the Federal Emergency Management Agency came back to haunt him Monday, as Hurricane Irene made landfall with a vicious...
6 Big Economic Ideas that Romney Could Embrace

By Josh Boak, The Fiscal Times

On economic policy, Mitt Romney makes his own decisions. The former Massachusetts governor and private equity executive considers the advice from his cadre of economics PhDs but ultimately charts his...

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