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...

Voters, Clueless about Fiscal Cliff, In for a Shock

By Eric Pianin

The nation may be barreling towards a fiscal cliff at the end of the year, but members of Congress returning from a five-week recess say their constituents seem more focused on jobs, the deficit and...
117,000 Americans Get Jobless and Disability Benefits

By Josh Boak, The Fiscal Times

Roughly 117,000 Americans double-dipped by cashing unemployment and Social Security disability checks during the height of the jobs crisis, costing taxpayers a combined $856 million in fiscal 2010...
Obama’s Jobs Act—Not Just a Failure but a Fraud

By Liz Peek

If President Obama wins reelection, it will be because he has snookered the American public and outwitted the GOP. It will not be because his policies have succeeded. As he campaigns for a second...
If 2013 Budget Talks Fail, Top Credit Rating May Fall

By Steven C Johnson and DANIEL BASES, Reuters

The United States may lose its top credit rating if next year's budget talks do not produce policies that gradually decrease the country's debt, Moody's Investors Service said on Tuesday. The warning...
GOP Lawmakers Can Swing the Vote...to Obama

By Eric Pianin and Josh Boak

Congress returns to a transformed landscape since the August recess and political conventions, with President Obama enjoying a bounce after the Democrats' gathering in Charlotte and Republican Mitt...

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