Budget
  • FILE PHOTO: A combine drives over stalks of soft red winter wheat during the harvest on a farm in Dixon, Illinois

    Is Trump's $28 Billion Bailout Paying Farmers Too Much?

    By Michael Rainey

    The Trump administration is spending $28 billion to bail out farmers hurt by the president’s trade war with China – a huge sum that some experts say overestimates the economic losses inflicted by the...

  • New Trump Food Stamp Rule Will Cut 700,000 from Program

    By Michael Rainey

    The White House said Wednesday that it has finalized a rule that will tighten work requirements for participants in the Supplemental Nutrition Assistance Program, or SNAP. The new rule could result...

  • The Ohio-class ballistic missile submarine USS Tennessee returns to Naval Submarine Base Kings Bay, Georgia in this handout photo

    Navy Awards Largest Shipbuilding Contract Ever

    By Michael Rainey

    The U.S. Navy awarded a contract Monday worth more than $22 billion to build nine new attack submarines. The agreement with General Dynamics Electric Boat includes an option for a 10 th sub, which...

  • Dome of the U.S. Capitol Building

    On Congress’s To-Do List: Prevent a Shutdown in 18 Days

    Congressional appropriators back from their Thanksgiving recess have just three weeks to hammer out details on dozens of policy differences over federal funding for fiscal year 2020, which started on...

  • A homeless woman sits on a bench few blocks away from the White House in downtown Washington

    Chart of the Day: Record Low Poverty Rate

    By Michael Rainey

    The extensive array of government assistance programs — including Social Security, unemployment insurance, veterans’ benefits, nutritional aid, rental assistance and the Earned Income Tax Credit —...

  • Public Pensions Face a $5 Trillion Hole

    By The Fiscal Times Staff

    “Many cities and states can no longer afford the unsustainable retirement promises made to millions of public workers over many years,” writes The Wall Street Journal’s Sarah Krouse . “By one...

  • An artist's concept of a Space Laser Satellite Defense System.

    Pentagon Plans Liftoff for Space Force

    By Michael Rainey

    Congress failed to provide funding for President Trump’s “Space Force” in its 2019 defense spending bill , but that hasn’t stopped the Pentagon from working on a plan for the new military agency. The...

  • U.S. President Trump and Italy's Prime Minister Conte hold joint news conference at the White House in Washington

    How to Interpret Trump's Surprise Government Shutdown Threat

    Surprise! President Donald Trump is once again threatening to shut down the government over his desire for stricter immigration policies and funding for a border wall with Mexico. “I would be willing...

  • Senator Bernie Sanders (I-VT) speaks during an event to introduce the "Medicare for All Act of 2017\

    Putting a Price Tag on Medicare for All

    By Michael Rainey

    Sen. Bernie Sanders’ “Medicare for all” proposal would increase federal spending by $32.6 trillion over 10 years, according to a new analysis of the proposed legislation by a libertarian think tank...

  • December 16, 2015

    The Economy Is Booming. Will It Last?

    By Yuval Rosenberg and Michael Rainey

    The U.S. economy is humming. Gross domestic product grew at an annualized 4.1 percent rate in the second quarter, the Commerce Department said Friday in its initial estimate for the period. The surge...

Budget Directory

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