Budget Battles
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How Congress Cheats with Our Money — and How We Can Stop It
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April Is Financial Literacy Month. Someone Tell Congress.
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When the Budget Won’t Balance, Just Get Rid of the Budget Committee?
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With Recent Laws, Congress Has Added $540 Billion to the 2019 Deficit
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Why Trillion-Dollar Deficits Matter
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Paul Ryan's Fiscal Legacy: Lots of Red Ink
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Why Almost No One Is Happy About This Week's Balanced Budget Amendment Vote
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How Congress Cheats with Our Money — and How We Can Stop It
By Marc Goldwein and Zach MollerThe U.S. is on course to top its record debt levels set after World War II, and permanent trillion-dollar deficits — meaning, forever — are likely to return within two years . And unlike after World...
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Will Work for Food? Republicans Push Stricter Rules for SNAP
By Michael RaineyFunding for the Supplemental Nutrition Assistance Program (SNAP), more commonly known as food stamps, is provided in the farm bill, a massive spending and regulatory package Congress passes every...
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April Is Financial Literacy Month. Someone Tell Congress.
By Joseph J. Minarik and Caroline L. FergusonFebruary is Black History Month, March is National Women’s Month, and April? Well, it’s Financial Literacy Month, of course! The U.S. government gave financial literacy its own month in 2003. April...
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Why All the Warnings About Unsustainable National Debt Could Be Wrong
By Michael RaineyInternational economists are warning about rising global debt levels and deficit hawks in Washington are increasingly worried about what they see as unsustainable debt levels in the U.S., but a new...
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The US Has an Exceptional Debt Outlook – and Not in a Good Way
By Michael RaineyThe International Money Fund’s latest global fiscal survey warns that in five years, the U.S. debt-to-GDP ratio will be higher than Italy’s, a nation not generally known for its exemplary fiscal...
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Why More School Districts Are Holding Class Just Four Days a Week
By Sophie Quinton, StatelineThe public school in Campo, Colorado, hasn’t required all its students to come to class on Fridays for nearly two decades. The 44-student district dropped a weekday to boost attendance and better...
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When the Budget Won’t Balance, Just Get Rid of the Budget Committee?
By Michael RaineyIt may sound like a joke — Erik Sherman of Forbes said it seemed like something “from The Onion or Andy Borowitz at the New Yorker, only with less humor and pith” — but Sen. Mike Enzi (R-WY), chair...
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With Recent Laws, Congress Has Added $540 Billion to the 2019 Deficit
Spending hikes and tax cuts passed since 2015 under the Trump and Obama administrations account for $540 billion of next year’s projected $981 billion budget deficit, or 55 percent, according to...
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F-35 Deliveries Halted Over Repair Bill
By Michael RaineyThe F-35 Lightning II has yet to fire a shot in anger but the Pentagon is already arguing with manufacturer Lockheed Martin over a big repair bill. The Defense Department has stopped accepting most...
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This State's a Big Winner When It Comes to Defense Spending
By Michael RaineySpending on huge weapons programs like the F-35, which has an estimated lifetime cost of more than $1 trillion, is carefully spread around the country to maximize its economic impact – and to make it...
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The Problem a Balanced Budget Amendment Can’t Fix
By Michael RaineyAs reports filtered out Wednesday that House Speaker Paul Ryan plans to bring a balanced budget amendment to the House floor for a vote, in fulfillment of a pledge to Rep. Mark Walker, chair of the...
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Air Force May Have to Slash Its F-35 Order
By Michael RaineyThe U.S. Air Force plans to order 1,763 F-35 Lightning II jets from Lockheed Martin, but rapidly increasing operating costs could reduce that number significantly. According to an internal analysis...
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Republicans to Push for More Tax Cuts, Balanced Budget Amendment
By Michael RaineyThe Hill reports that Congress, having passed a $1.5 trillion tax cut in December and a $1.3 trillion spending package just last week, isn’t sure what to do next. Lawmakers may turn to infrastructure...
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Trump Wants Pentagon to Pay for Border Wall
By Michael RaineyPresident Trump is pushing for the Department of Defense to help build the border wall with Mexico, according to a report Tuesday in The Washington Post . Trump is reportedly upset about the low...
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US Borrowing Nearly $300 Billion This Week
By Michael RaineyThe Treasury Department plans to sell a record $294 billion worth of bills and notes this week, according to Bloomberg . The tax cuts signed into law by President Trump are causing a decline in...
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