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...

Romney to Roll Out Details of Economic Plan

By Philip Rucker and David Nakamura, The Washington Post

Republican Mitt Romney, who last week struggled with his responses to a major foreign-policy crisis in the Middle East, will now turn his focus back to the economy with a new offensive aimed at...
QE3: Will the Fed’s New Plan Really Help Housing?

By Yuval Rosenberg

While Wall Street was cheering the Fed action, Bernanke and Co. made clear that they are more concerned with other markets, particularly those for labor and homes.
Policy Bigwigs Sound the Alarm over 'Fiscal Cliff'

By Josh Boak and Eric Pianin, The Fiscal Times

With Congress back in session, two competing views have emerged about the impact of the looming fiscal cliff—it’s either the jolt needed for politicians to finally rise above their philosophical...
Nuclear Arsenal Set to Undergo Costliest Overhaul

By Dana Priest, The Washington Post

The U.S. nuclear arsenal, the most powerful but indiscriminate class of weapons ever created, is set to undergo the costliest overhaul in its history, even as the military faces spending cuts to its...
The Real Nightmare: An Election That Changes Nothing

By Maureen Mackey, The Fiscal Times

Bob Woodward told The Fiscal Times, in an interview about his new book, that “getting this country’s financial house in order should be one of the main topics” of this year’s presidential election.

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