Budget Battles
-
28 Days Later: The Government Shutdown Horror Story Continues
-
Shutdown Could Be a Hint of Things to Come
-
Trump Strikes Back at Pelosi, Blocking Her Overseas Trip
-
Federal Workers Have Missed an Average $5,000 in Pay So Far
-
Bipartisan Group of Senators Pushes for Trump to Reopen Government
-
Pelosi’s Shutdown Power Play Against Trump
-
Why Some Conservatives Love the Shutdown
-
How Alexandria Ocasio-Cortez Is Already Shifting the Debate on Taxes and Deficits
Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, has wasted no time in making waves in Congress, emerging as a focal point for the national press — and social media powerhouse...
-
The Great Debt Debate
By Michael RaineyWe told you last week about a new paper from economist Olivier Blanchard that caused a stir by suggesting that government debt may be less problematic than many experts have believed. Blanchard found...
-
Leading Economist Says Government Debt Might Not Be So Bad After All
By Michael RaineyRenowned macroeconomist Olivier Blanchard says that policymakers may need to fundamentally revise their views on the long-term cost of government debt. Delivering the presidential address at last...
-
Why the Next Fiscal Fight Could Be Much More Dangerous
By Michael RaineyThe partial government shutdown has had a limited impact so far, but the dysfunction currently on display in Washington doesn’t bode well for another fiscal fight on the horizon, says Chris Krueger...
-
CBO Offers 121 Ways to Shrink the Deficit
By The Fiscal Times StaffThe Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...
-
Moody’s Warns of Declining US Fiscal Strength
By The Fiscal Times StaffTrump’s tax cuts combined with a slowing economy will diminish the United States’ “fiscal strength” over the next 10 years, Moody’s Investor Service said Wednesday. The gradual decline could pressure...
-
Trump Says National Debt Is Not His Problem: Report
By Michael Rainey and Yuval RosenbergAs a candidate, Donald Trump said he could eliminate the national debt in eight years, largely by focusing on better trade deals. But in office, Trump has presided over a considerable increase in red...
-
Paul Ryan Says the National Debt Is His Biggest Regret. See How It Grew Under His Watch.
Outgoing House Speaker Paul Ryan said Thursday that the ballooning national debt is his biggest regret. In an interview with The Washington Post , Ryan named the debt and immigration as the two...
-
Flood of US Debt Overwhelms Bond Funds
By Michael RaineyThe U.S. government will issue $129 billion of debt this week, a 28 percent increase over the same time last year, and the surge in borrowing is so great that it’s “beginning to warp bond indexes,”...
-
Is Trump Serious About Tackling the Deficit? Obviously Not
President Trump is demanding that his advisers come up with a plan to reduce the deficit, The Washington Post’s Josh Dawsey and Damian Paletta report . Oh, and President Trump is also pushing new...
-
Congress Added $2.4 Trillion to the National Debt in 2018: Report
By The Fiscal Times StaffFiscal 2018 ends on Monday, and the Committee for a Responsible Federal Budget calculates that lawmakers added $2.423 trillion to the national debt through 2027 through legislation enacted over the...
-
The Deficit Is Heading to $1 Trillion. How Worried Should We Be?
By Michael RaineyShould we be worried about the rising federal deficit? If not, when should we start worrying – when it hits $1 trillion a year? $2 trillion? Never? That’s the topic of debate in a Bloomberg piece...
-
‘Beware Trillion-Dollar Deficits,’ Barron’s Says
In the latest Barron’s cover story, Jack Hough warns of the long-term risks of rising U.S. public debt. While noting that there’s little chance of hitting debt-related turbulence anytime soon and...
-
Are Deficit Hawks Dead or Just Playing Possum?
“The deficits hawks are dead,” declared Paul Kane, The Washington Post’s senior congressional correspondent and columnist, in a piece over the weekend. It’s easy to see why Kane says that, and there’...
-
Why the Markets Aren’t Freaking Out About Soaring US Debt
Does the high and rising level of U.S. public debt matter? If so, how concerned should we be? Goldman Sachs asks those questions in a new research piece, noting that the “fiscal outlook for both...