Budget
  • U.S. Treasury Secretary Steven Mnuchin in Washington, U.S., May 23, 2017. REUTERS/Jim Bourg

    Mnuchin Spins a False Claim About Tax Cuts and the Deficit

    The Congressional Budget Office projected last week that the federal government’s fiscal 2018 deficit would total $782 billion. The final numbers will be released by the Treasury Department, but...

  • Pentagon Grounds All F-35s

    By Michael Rainey

    The U.S. Defense Department grounded all F-35 jets on Thursday, on the heels of a crash on September 28 in South Carolina. Investigators examining the loss of an F-35B, the Marine Corps’ version of...

  • FILE PHOTO: President Donald Trump hosts a lunch with Senate Majority Leader Mitch McConnell and Speaker of the House Paul Ryan at the White House in Washington

    Trump’s Border Wall: A Christmastime Clash Is Coming

    There won’t be much holiday cheer on Capitol Hill this year, Politico’s Playbook warns : “Over the last few days, we’ve seen a massive ramp-up of the ‘build-the-wall’ rhetoric from key Hill...

  • How GOP Rhetoric on Entitlements Has Changed

    By The Fiscal Times Staff

    The Washington Post’s David Weigel describes how Republicans have changed their tune on Medicare and, for this year at least, largely abandoned the idea of entitlement reform: “[O]ver eight years,...

  • How the Army ‘Found’ $25 Billion

    By Michael Rainey

    The U.S. Army has been combing through its existing programs to identify potential sources of funding that can be applied to its ambitious modernization program, and according to Army Secretary Mark...

  • The Cost of War Since 9/11

    By Michael Rainey

    The wars in Afghanistan, Iraq and Syria have cost the U.S. more than $1.5 trillion, according to Department of Defense data reported by CNCB Monday. The Pentagon report covers war-related operational...

  • Brady Ryan GOP Tax Plan

    Tax Cuts 2.0: What’s in the GOP Plan and Why It Matters

    With an eye toward November’s midterm elections, House Republicans on Monday unveiled legislation to make permanent the individual tax cuts and pass-through business deductions that were set to...

  • FILE PHOTO: The Team MIT Atlas robot "Helios" built by Boston Dynamics opens a door during the finals of the Defense Advanced Research Projects Agency (DARPA) Robotic Challenge in Pomona, California

    Pentagon Investing Billions in Next-Generation AI

    By Michael Rainey

    The Defense Advanced Research Projects Agency, known as DARPA, plans to spend more than $2 billion over the next five years to develop artificial intelligence technologies for military use. DARPA...

  • Former U.S. President Barack Obama speaks at the University of Illinois Urbana-Champaign

    Obama: 'Suddenly Deficits Do Not Matter'

    Former President Barack Obama stepped back into the political fray on Friday, delivering a blistering rebuke of President Trump and the Republican Party while signaling how he plans to campaign on...

  • Rep. Meadows, House Freedom Caucus Chairman, speaks to reporters on Capitol Hill in Washington

    Freedom Caucus Divided on Shutdown

    By Michael Rainey

    Members of the hardline conservative Freedom Caucus in the House are debating the desirability of a government shutdown ahead of the midterm elections, Politico reported Thursday. Caucus chair Mark...

Budget Directory

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