Budget Battles
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Supreme Court Slaps Down Challenge to Consumer Watchdog
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Inflation Eases in April, Lifting Hopes for a Soft Landing
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Biden Jacks Up Tariffs on $18 Billion in Chinese Imports
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Trump Promises New Tax Cuts for Everyone
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Biden White House Lays Out Plan for Coming Tax Showdown
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Trump Tax Cut Extension Would Cost $4.6 Trillion: CBO
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House Kills Greene Motion to Oust Speaker Johnson
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Here’s What Happens If Congress Fails to Raise the Debt Ceiling
By Michael RaineyWhat happens if Congress fails to raise the debt limit? A new report from the Bipartisan Policy Center examines that question in detail, and the results aren’t pretty. Here are some highlights — or...
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Why Raising the Debt Ceiling Won’t Be a Problem This Year
By Rob GarverThe final wall of resistance to a “clean” increase of the federal debt ceiling, necessary to avoid a potentially catastrophic government default later this year, appears to have fallen, with White...
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Top GOP Conservative: We Won’t Play Around With the Debt Ceiling
By Rob GarverWhen it comes to the perennial fight to raise the federal debt ceiling, it’s usually best to assume that the struggle to give the Treasury Department clearance to actually pay the debts that the...
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Raise the Debt Ceiling Now, or Face Another Post-Summer Crisis: Meadows
By Eric PianinRep. Mark Meadows, R-NC, one of the most influential conservatives in the House, said Monday he favors quick action this summer to raise the debt ceiling, taking a stand on an issue that is...
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Here’s a Solution for the Annual Debt Ceiling Crisis: Get Rid of It
By Eric PianinWith another debt ceiling crisis looming that threatens a first-ever default by the Treasury and another government shutdown, there is a growing school of thought in the Senate that lawmakers should...
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The National Debt Is a Bigger Problem Than You Think
By Lawrence GoodmanThe U.S. debt situation is worse than commonly realized. Unaddressed, the surge in Treasury borrowing over the last 10 years represents an accident in the offing.
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Mulvaney’s Debt Ceiling Ploy Protects Treasurys, Not Social Security Checks
By Rob GarverThe Trump administration appears to be considering a plan to pay some government debts but not others if the debt ceiling isn’t raised on time. It’s a plan economists and financial markets experts...
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White House’s Debt Ceiling Battle Could Trigger a Shutdown — and a Recession
By Eric PianinAt a time when worldwide confidence in the U.S. has already been badly shaken by President Trump’s go-it-alone, “America First” approach to trade, NATO and climate change, a White House riven by...
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New Debt Ceiling Deadline Could Ruin Lawmakers' Summer Vacations
By Rob GarverThe federal debt limit, previously thought to be an issue that could be postponed to the fall, may need to be raised prior to the August recess, complicating the lives of top Republicans in Congress.
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The Great Risk Shift Is Back
By Mark ThomaThe vote in the House of Representatives to dismantle Obamacare was not the only attempt to undo key legislation from the Obama years that occurred last Thursday.
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House GOP Suffers Epic Collapse in Public Support
By Josh Boak, The Fiscal TimesCNN released a new poll on Monday with terrible news for the GOP—54 percent of Americans think it’s “bad for the country” that Republicans control the House of Representatives. Only 38 percent...
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GOP on the Losing End of 4 Fiscal Crises
By DAVID A. FAHRENTHOLD, The Washington PostThere was so much more they wanted to do. Three years ago, Republicans retook the House with a fire-eating confidence and an ambitious plan to remake the U.S. government. They wanted to cut spending...
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How the Government Shutdown Shook Up the U.S. Economy
By Brianna Ehley, The Fiscal TimesThough Congress finally put an end to the 16-day government shutdown late Wednesday night, economists say the standoff has drained billions of dollars from the U.S. economy, with effects extending...
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How Congress Became an Incompetent Bureaucracy
By Bruce Bartlett, The Fiscal TimesIn recent years, ideology, especially right-wing ideology, has been the dominant factor in congressional elections. But historically this has not been the case. Voters mostly looked for simple...
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The Real Brains behind the Shutdown Deal: Women
By Eric PianinWhile Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell are getting much of the credit for forging the deal to end the government shutdown and avoid a first ever default of U.S...