Budget | The Fiscal Times

House Passes $400 Billion ‘Minibus’ Funding Bill

The House on Wednesday voted 220-207 to pass a legislative package containing six funding bills for the 2023 fiscal year. The package includes the...

Senate Advances Scaled-Back Chips Bill to Compete With China

The U.S. Capitol dome is seen in Washington

The Senate on Tuesday evening voted 64-34 to advance legislation to provide billions of dollars in assistance to the U.S. semiconductor industry....

Biden Considers Declaring National Emergency on Climate: Reports

U.S. President Joe Biden announces proposed budget for fiscal year 2023 at the White House in Washington

President Joe Biden and his advisers have reportedly been debating whether he should declare climate change a national emergency. Biden is set to...

Senate Adds $13 Billion to Defense Bill to Cover the Cost of Inflation

A Marine Corps pilot prepares for a vertical landing of Lockheed Martin F-35B stealth fighter aboard the USS Wasp amphibious assault carrier off Japan's southernmost island of Okinawa

The Senate Armed Services Committee on Monday filed its version of the 2023 National Defense Authorization Act, which would provide $847 billion for...

The Fallout From Manchin’s Big Balk

Wreath-laying at WWII Memorial by family of last surviving WWII Medal of Honor recipient

President Joe Biden and Senate Democratic leaders are prepared to take whatever win they can get and move on. When Sen. Joe Manchin (D-WV) pulled the...

Manchin Dashes Democrats’ Plans … Again

U.S. President Joe Biden's State of the Union address at the U.S. Capitol in Washington

Seven months ago, Sen. Joe Manchin (D-WV) dashed Democrats’ hopes of passing a sweeping package of climate change and economic programs, forcing them...

House Passes $840 Billion Defense Bill for 2023

F-35 Bravo Lightning II stand ready on the deck of amphibious assault ship USS Wasp for day two of the first phase operational testing in the Atlantic Ocean

In a 329-101 vote, the House on Thursday evening approved the annual National Defense Authorization Act, which would provide $840 billion for defense...

Pentagon Got $58 Billion More Than It Asked For This Year

An aerial view of the Pentagon building in Washington, June 15, 2005. [U.S. Defense Secretary Donald..

One of the more profligate rituals in Washington in recent years involves lawmakers giving the Department of Defense even more money than it asks for...

Taxes Hikes — and Inflation — Could Sink Dems’ Economic Plan

U.S. Senator Joe Manchin attends Senate Armed Services Committee hearing on Afghanistan, in Washington

Senate Majority Leader Chuck Schumer (D-NY) is still trying to hash out an agreement on a budget reconciliation bill with Sen. Joe Manchin, the...

Democrats Race to Finalize a Scaled-Back Economic Plan

Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho

It’s crunch time for Democrats as they look to finalize their budget reconciliation bill with Sen. Joe Manchin (D-WV). Democrats have made progress on...

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