Budget
  • Deficit Hit $100 Billion in October

    By The Fiscal Times Staff

    The U.S. government spent $353 billion in October while revenues came in at $253 billion, producing a deficit of $100 billion. Receipts were 7 percent higher than a year ago, but spending was up 18...

  • Congressional Corrosion Prevention Caucus

    The Pentagon's $21 Billion Rust Problem

    By The Fiscal Times Staff

    “Rust costs the Pentagon more money annually than many of its most expensive weapons systems—up to $21 billion per year, according to a Defense Department-commissioned audit released in March,” Next...

  • U.S. President Trump tosses rolls of paper towels to people at a hurricane relief distribution center at Calvary Chapel in San Juan

    Trump Wants to Cut Off Hurricane Maria Relief Funds for Puerto Rico: Report

    By Michael Rainey

    President Donald Trump reportedly wants to stop providing federal relief funds to Puerto Rico for recovery efforts related to Hurricane Maria. Axios’ Jonathan Swan reports that Trump is convinced – “...

  • Chart of the Day: How Taxes and Transfers Affect US Incomes

    By Michael Rainey

    A new analysis of the distribution of household income by the Congressional Budget Office shows how taxes and means-tested transfers such as Medicaid and food stamps affect US incomes. “The combined...

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

    Improving Odds for the Farm Bill

    By The Fiscal Times Staff

    The Farm Bill has been held up by a dispute over new work requirements for the Supplemental Nutrition Assistance Program, or SNAP, among other issues. House Republicans passed a bill that includes...

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

    Bye-Bye to Trump’s Border Wall?

    President Trump indicated Wednesday that he won’t seek to shut down the government at the end of the month and would sign the spending bills sent to his desk by Congress. By doing so, he might be...

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

    Plenty of DC Drama, Just Not About a Shutdown

    The intensifying D.C. dramas this week over Brett Kavanaugh’s Supreme Court nomination and Deputy Attorney General Rod Rosenstein’s fate — both likely to crescendo on Thursday — are overshadowing a...

  • 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

    US F-35s Could See Combat Soon

    By The Fiscal Times Staff

    The U.S. may send its most expensive weapon system into combat in the coming weeks, according to Pentagon officials who spoke to CNN . The Marine Corps version of the stealth Lightning II – the F-35B...

  • FILE PHOTO: California Governor Brown speaks in Sacramento

    Four States That Will Founder When the Next Recession Hits

    By Orphe Divounguy

    While the U.S. is enjoying stock market highs and steady GDP growth, the current economic expansion — which is currently in year 10 — can’t last forever. Many economists predict the next recession...

  • FILE PHOTO:  U.S. President Trump displays signature after signing tax bill into law at the White House in Washington

    Column of the Day: ‘Why Are Republican Policy Ideas Falling So Flat?’

    By The Fiscal Times Staff

    New York Times columnist Paul Krugman argues that “Republicans have decisively lost the battle of ideas” given that “their major policy moves, on health care, taxes and tariffs, are playing badly...

Budget Directory

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