Budget

16 States Sue Trump: The Court Battles Over His ‘Emergency’ Are Just Getting Started

By Yuval Rosenberg

A coalition of 16 states filed a lawsuit in federal court Monday challenging President Trump’s move to invoke emergency powers to redirect billions of dollars for construction of a border wall. The...
Elizabeth Warren Proposes Universal Child Care, Paid for by Taxing Millionaires

By Yuval Rosenberg

Sen. Elizabeth Warren (D-MA), who’s running for the 2020 Democratic presidential nomination, on Tuesday unveiled a universal child care plan that would cap families’ expenses at 7 percent of income...
Klobuchar Pitches Herself as Pragmatic Alternative to Progressive Dems

By Yuval Rosenberg

In a CNN town hall in New Hampshire Monday night, Sen. Amy Klobuchar (D-MN) drew some clear distinctions between herself and some of the most progressive Democratic presidential candidates in the...
Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'

By Michael Rainey

President 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...
A Modest Start for the Space Force

By Michael Rainey

The 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...

Trump’s Risky Plan to Get $8 Billion for His Wall

By Yuval Rosenberg

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...
The Great Debt Debate: How Dangerous Is It?

By Michael Rainey

MIT 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...
Trump to Sign Border Deal — and Declare a National Emergency, Too

By Yuval Rosenberg

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...
Trump’s Exploding Deficit

By The Fiscal Times Staff

Federal 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...
Trump Likely to Sign Border Deal, Avert Another Shutdown

By The Fiscal Times Staff

Lawmakers 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...

Aviation Unions Warn of ‘Serious Safety Concerns Due to Shutdown’

By The Fiscal Times Staff

In a joint statement issued Wednesday, the presidents of unions representing air-traffic controllers, airline pilots and flight attendants said that they are increasingly concerned about the safety...
Trump Says He’s Open to a New Shutdown Deal

By Yuval Rosenberg

The Senate on Thursday failed to pass either of two competing plans to end the government shutdown, now heading for a 35th day. "White House officials aren’t sure of their next move," Politico...
Former Trump Chief of Staff John Kelly Joins Call for End to DHS Shutdown

By The Fiscal Times Staff

Five former secretaries of homeland security, including former Trump Chief of Staff John Kelly, sent a letter to the president and Congress on Wednesday calling on them to restore funding for the...
Shutdown Could Wipe Out Tax Cut and Spending Hike Stimulus

By Michael Rainey

We told you yesterday that the White House’s top economist said the partial government shutdown could wipe out GDP growth in the first quarter if it lasts through March. On Thursday, the Committee...
Trump Officials Keep Making Tone-Deaf Comments About the Shutdown

By Yuval Rosenberg

Two senior Trump administration officials made comments Thursday that opened them up to criticism that they were displaying Marie Antoinette-style callousness to the plight of federal workers...