Budget Battles
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Trump’s Risky Plan to Get $8 Billion for His Wall
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Trump to Sign Border Deal — and Declare a National Emergency, Too
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Trump Likely to Sign Border Deal, Avert Another Shutdown
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Shutdown Makes a Bad Situation Worse at the IRS
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Trump’s ‘Not Happy’ with the Border Deal. Why He’ll Probably Sign It Anyway.
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Lawmakers Scramble to Avert Another Government Shutdown
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Is Trump ‘Trapped’ on the Border Wall Deal?
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Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'
By Michael RaineyPresident Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...
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A Modest Start for the Space Force
By Michael RaineyThe Pentagon is expected to request about $270 million for the Space Force in its 2020 budget, according to a preliminary Department of Defense memo reviewed by Space News’ Sandra Erwin. The funds...
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Trump’s Risky Plan to Get $8 Billion for His Wall
He really did it. President Trump on Friday declared a national emergency in an attempt to bypass Congress and redirect existing funds toward construction of his promised wall along the southern...
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The Great Debt Debate: How Dangerous Is It?
By Michael RaineyMIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...
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Trump to Sign Border Deal — and Declare a National Emergency, Too
Roses are red, Violets are blue, President Trump will sign the spending deal and declare a national emergency too. OK, it’s not the most romantic of gestures, but you could call it a Valentine’s Day...
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Trump’s Exploding Deficit
By The Fiscal Times StaffFederal tax revenues fell by 0.4 percent to $3.33 trillion in 2018, the first year under the new tax law, The Treasury Department said Wednesday. The drop in revenues, combined with a 4.4 percent...
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Trump Likely to Sign Border Deal, Avert Another Shutdown
By The Fiscal Times StaffLawmakers are scrambling to finalize their compromise package on spending and border security — and resolve a few lingering differences — but once they’re done, President Trump is expected to...
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Trump’s ‘Not Happy’ with the Border Deal. Why He’ll Probably Sign It Anyway.
Will he or won’t he? After House and Senate negotiators reached a tentative agreement Monday night on a bipartisan border security deal, the looming question is whether President Trump will veto the...
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Goldman Sachs Projects Deficit Will Top $1 Trillion Next Year
The Congressional Budget Office projected last month that the federal budget deficit for this year would be about $900 billion , up 15 percent from last year but about $84 billion less than it had...
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Lawmakers Scramble to Avert Another Government Shutdown
Collapsed. Derailed. Fell apart. Broke down. Whatever description you choose, the bottom line on the bipartisan congressional negotiations over border security isn’t good: The talks, which had...
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Is Trump ‘Trapped’ on the Border Wall Deal?
Congressional negotiators looking to hammer out a bipartisan border security spending deal and prevent another government shutdown at the end of next week are reportedly closing in on their goal. “We...
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Trump, in Private, Lays Out His Demands for a Border Security Deal
The bipartisan congressional committee working on a border security deal is reportedly getting close to an agreement that would avoid another partial government shutdown at the end of next week. The...
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Democrats Unveil Their ‘Green New Deal.’ Here’s What It Does – and Doesn’t Do
By Michael RaineyRep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA) released their much-anticipated proposal for a Green New Deal Thursday. Framed as a response to the challenges of global warming, the 14...
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Natural Disasters Cost $91 Billion in 2018
By The Fiscal Times StaffThe U.S. experienced 14 natural disasters that cost at least $1 billion each in 2018, the National Oceanic and Atmospheric Administration said Wednesday. Overall, weather and climate disasters did $...
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Are Democrats Really Going ‘Socialist’?
By Michael RaineyPresident Trump earned a rousing cheer from Republican lawmakers during his State of the Union address when he proclaimed, “America will never be a socialist country.” His proud declaration echoed...
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