Budget
  • District of Columbia

    Are Tax Cuts or Spending Hikes Driving the Deficit?

    By Michael Rainey

    Republican tax cut enthusiasts are generally unwilling to link the 2017 Tax Cuts and Jobs Act to the rapidly growing federal deficit, preferring instead to point the finger at spending increases that...

  • Germany Mulls a ‘Shadow Budget’ to Add Debt

    By Michael Rainey

    With its economy on the verge of recession and interest rates at historical lows, German officials are looking into ways to evade the strict limits placed on federal spending. Germany’s so-called “...

  • Senator Shelby (R-AL) speaks to reporters after a vote in Washington

    Senate Spending Talks Go Off the Rails Amid Disagreements on Abortion, Border Wall

    Senators racing to move appropriations bills for fiscal year 2020 stumbled out of the gate Tuesday, tripped up by disagreements over abortion-related “poison pills” and funding for President Trump’s...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    Deficit Tops $1 Trillion

    By The Fiscal Times Staff

    The annual federal budget deficit rose above $1 trillion in August, the Congressional Budget Office said Monday. The deficit reached $1,067 billion in the first 11 months of the 2019 fiscal year,...

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

    Is Trump’s Farmer Bailout Legal?

    By Michael Rainey

    Senior Trump administration officials are reportedly concerned that the president’s $28 billion bailout for farmers hurt by his trade war exceeds the limits of the Commodity Credit Corporation, the...

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