Budget Battles
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‘A Good Day for America’: Biden Signs $95 Billion Foreign Aid Bill
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Senate Advances $95 Billion Foreign Aid Package
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GOP Infighting Continues as Senate Heads for Aid Vote
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News Alert: House Approves $95 Billion Aid Package for Ukraine, Israel and Taiwan
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Dems Help Save Johnson's Aid Package for Israel, Ukraine
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Johnson Rejects a Plan to Save His Speakership
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Johnson Defies Hardliners, Pushes Ahead With Foreign Aid Plan
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Experts Warn of a Coming Fiscal Crisis as Trump Prepares to Take Charge
By Eric PianinWith 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...
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Both Trump and Clinton Would Drive the Federal Budget off a Cliff
By Rob GarverA 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...
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Trump Policy Advisor Promises an Astounding $7 Trillion Surplus
By Rob GarverDonald 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...
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Two Year Budget Deal Passes in the House
By Kelsey Snell, The Washington PostCongress 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...
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Four Political Issues That Could Tank the Markets
By Jeff Cox, CNBCDonald 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...
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Washington Inches Toward Another Fiscal Cliff
By Eric PianinAfter 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...
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Obama’s Spending Spree Could Push Long-Term Deficit over $1 Trillion
By Matthew Sabas, The Fiscal TimesThe 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...
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Will the Dow Cross 18,000 Threshold in the Week Ahead?
By Patti Domm, CNBCTraders 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...
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Lame-Duck Action Could Add $1.5T to Long-Term Debt
By Eric PianinLargely 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...
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$1.5B Over Budget, 10 Years Late: DHS HQ May Be Cut Off
By Jerry Markon, The Washington PostThe 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...
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Debt Limit Crisis Just Hit the 2 Minute Warning
By Josh Boak, The Fiscal TimesAs the NFL dug into its sixth week of action on Sunday, the Senate reached the equivalent of the two-minute warning on the debt limit. In just four days without a debt ceiling increase, the...
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Deal or No Deal, the U.S. Has Its Eye off the Ball
By Lawrence Summers, ReutersThis month Washington is consumed by the impasse over reopening the government and raising the debt limit. It seems likely that this episode, like the 1995-96 government shutdowns and the 2011 debt...
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Senate Negotiation on Shutdown Ends in Stalemate
By PAUL KANE and LORI MONTGOMERY, The Washington PostSenate leaders began negotiations Saturday aimed at reopening federal agencies and avoiding a government default after every other effort to end Congress’s impasse crumbled in the previous 48 hours...
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No Deal Yet: Obama Rejected the GOP's 6-week Proposal
By LORI MONTGOMERY and ROSALIND S. HELDERMAN and WILLIAM BRANIGIN, The Washington PostPresident Obama is rejecting a key element of House Republicans’ latest proposal to extend the federal debt ceiling, opposing a linkage between a short-term increase and negotiations on the budget,...
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Down to the Wire: Will There Be a Deal This Weekend?
By Josh Boak, The Fiscal TimesThe state of the government shutdown (and possible default) is in limbo, as pessimism began to give way on Friday to that rare combination of hope and uncertainty . After weeks of a tense showdown,...