Budget Battles
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Mike Bloomberg's Plan to Boost Social Security
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Court Strikes Down Trump Admin’s Medicaid Work Rules
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Pete Buttigieg’s Deficit Talk Scares the Left
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Deficit Soars 25% Over First Four Months of Fiscal 2020
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The $844 Billion Mystery in Trump’s Budget
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Trump’s $4.8 Trillion Fiscal Fantasy
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Trump’s Company Charged Secret Service Hefty Rates
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Point-Counterpoint: Bernie Sanders’ Big Spending Plans
Sen. Bernie Sanders, the current frontrunner for the Democratic presidential nomination, has proposed ambitious plans — most notably, a transition to a Medicare-for-All system — that would...
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Court Strikes Down Trump Administration’s Medicaid Work Requirements
By Michael RaineyA federal appeals court on Friday struck down the Trump administration’s approval of work requirements in the Arkansas Medicaid program, delivering a serious blow to the effort to impose more...
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Pentagon to Divert Another $3.8 Billion to Pay for Trump’s Border Wall
By Michael RaineyThe Trump administration plans to use billions of dollars intended to purchase combat equipment – including F-35 stealth jets, transport aircraft and an amphibious assault ship – to fund construction...
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Which States Rely Most on Federal Money?
By Michael RaineyAbout 23% of total state revenues came from federal grants in the 2017 fiscal year, contributing to programs that touch on a range of issues including health care, education and infrastructure. This...
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Deficit Soars 25% Over First Four Months of Fiscal 2020
The federal budget deficit over the first four months of fiscal year 2020 totaled $389 billion, up more than 25% from the same period last year, according to data released Wednesday by the Treasury...
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The $844 Billion Mystery in Trump’s Budget
Unlike in previous years, the White House budget proposal released Monday didn’t include a detailed plan to replace major portions of Obamacare. It did include what Ricardo Alonso-Zaldivar of the...
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In Search of the ‘Disappearing Corporate Income Tax’
By Michael RaineyLawmakers clashed on Tuesday over the performance of the 2017 Tax Cuts and Jobs Act in a House Ways and Means Committee hearing titled “The Disappearing Corporate Income Tax,” with Democrats arguing...
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Trump’s $4.8 Trillion Fiscal Fantasy
By Yuval Rosenberg and Michael RaineyThe Trump White House on Monday released a $4.8 trillion budget for 2021 that calls for steep reductions in spending on safety net programs including Medicaid while proposing greater outlays for the...
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Cut Red Tape to Help Rein in Federal Deficits
By James Broughel and Jack SalmonThe Budget and Economic Outlook report published late last month by the Congressional Budget Office (CBO) should set off alarm bells, as it predicts trillion-dollar annual deficits for the...
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Trump’s Company Charged Secret Service Hefty Rates for Stays: Report
The Secret Service paid President Trump’s company rates as high as $650 a night for rooms used by agents protecting the president, The Washington Post reports based on documents obtained under the...
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What to Look For in Trump’s 2021 Budget: CBPP
By Michael RaineyPresident Trump’s agenda for a possible second term is still on the drawing board, according to The Wall Street Journal’s Andrew Restucci, and aides are reportedly in the early stages of drafting...
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Pentagon Wants to Shift Billions in Funding
By The Fiscal Times StaffThe Trump administration is scheduled to release its 2021 fiscal budget request on Monday, and it’s expected to propose about $740 billion for defense. That’s an increase of just $2 billion over...
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Iraq War Has Cost Nearly $2 Trillion So Far: Analysis
By Michael RaineyThe bill for the 16-year war in Iraq comes to about $1.92 trillion through the end of 2019, says Neta C. Crawford, a political scientist who helps run the Cost of Wars project at Brown University...
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Fiscal Policy Still Boosting the Economy, but Not For Long
By Michael RaineyTax and spending policies at the local, state and federal level boosted economic growth in the fourth quarter of 2019, according to the newly updated Hutchins Center Fiscal Impact Measure from the...
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Medicare Could Save Billions on Insulin If It Were Allowed to Negotiate Prices: Report
By Michael RaineyMedicare spent nearly $8 billion on insulin in 2017, but it could have cut that bill by more than half if it had been allowed to negotiate with drugmakers in the same way the U.S. Department of...