Budget
  • 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 —...

  • NATO and U.S. flags fly at the entrance of the Alliance's headquarters during a NATO foreign ministers meeting in Brussels, Belgium March 31, 2017. REUTERS/Yves Herman

    Trump Scores a Win From NATO, but Fireworks Ahead

    By Michael Rainey

    Ahead of NATO’s 70th-anniversary meeting in London this week, Secretary-General Jens Stoltenberg announced last Thursday that the U.S. will contribute less to the alliance’s relatively small central...

  • The entrance and logo of a Social Security Office in Pasadena

    Chart of the Day: Americans Using Government Programs

    The federal welfare program called Temporary Assistance for Needy Families delivers cash aid to about 2.5 million people, or less than 1 percent of the U.S. population — “far smaller than the share...

  • U.S. President Trump participates in tour of U.S.-Mexico border wall prototypes near Otay Mesa Port of Entry in San Diego, California

    Why Trump’s Border Wall Could Cost More Than $25 Billion

    By Michael Rainey

    U.S. Customs and Border Protection has analyzed several types of barriers for use on the Southwestern border but has failed to estimate the costs of building those barriers in all relevant locations...

  • A firefighter watches the flames of the Carr Fire advance as it burns west of Redding

    Is Congress Headed for a Disaster Relief Showdown?

    By Michael Rainey

    Deficit hawks warn that soaring budget shortfalls and rising national debt will leave less fiscal space — or at least the perception of less fiscal space — for lawmakers to respond to the next...

  • Fiscal Policy Gives the Economy a Boost

    By Michael Rainey

    Federal, state and local fiscal policies boosted GDP growth by 0.6 percentage points in the second quarter, according to an analysis by the Hutchins Center on Fiscal & Monetary Policy at the...

  • 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...

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