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...

  • White House economic adviser Larry Kudlow speaks during a meeting of the Economic Club of New York in New York

    Larry Kudlow Wants to Put a ‘Big Dent’ in Government Spending

    Larry Kudlow, the director of President Trump’s National Economic Council, is once again talking up the economy and talking down the threat posed by rising debt and deficits. And once again, he’s...

  • Price Drops for Next Batch of F-35s

    By Michael Rainey

    The Pentagon and Lockheed Martin have reached an agreement on the financial terms for the next batch of F-35 Lightning IIs. The so-called Lot 11 production will include 141 stealth jets, with 91...

  • One Key Way the US Lags Behind Finland (and Denmark and Taiwan)

    By The Fiscal Times Staff

    The U.S. ranks 27th in a new study that ranks 195 countries based on “expected human capital” — the population’s overall level of survival, health and education, considered a key determinant of...

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

    Congress Fails to Pass Farm Bill

    By Michael Rainey

    The federal farm bill expired at midnight on Sunday, leaving dozens of programs in limbo until Congress can pass a new spending package or an extension of the old one. Lawmakers were unable to agree...

  • U.S. President Trump arrives to discuss trade deal in the Rose Garden of the White House in Washington

    What’s in Trump’s New NAFTA?

    By Michael Rainey

    President Trump announced a new trade deal with Canada and Mexico Monday that is intended to replace NAFTA, the 24-year-old trade agreement that regulates roughly $1.2 trillion worth of trade between...

Budget Directory

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