Fiscal Cliff

Experts Warn of a Coming Fiscal Crisis as Trump Prepares to Take Charge

By Eric Pianin

With the Republicans’ new national agenda in a state of flux just a month before President-elect Donald Trump takes the oath of office, some budget and tax analysts are warning of a dimming fiscal...
Both Trump and Clinton Would Drive the Federal Budget off a Cliff

By Rob Garver

A new analysis of the major party candidates’ tax and spending plans by the Committee for a Responsible Federal Budget shows that Republican Donald Trump and Hillary Clinton are both advocating...
Trump Policy Advisor Promises an Astounding $7 Trillion Surplus

By Rob Garver

Donald Trump sent Sam Clovis, who identifies himself as Trump’s chief policy advisor and the national co-chair of his presidential campaign, to Washington on Wednesday to talk to an audience of...
Two Year Budget Deal Passes in the House

By Kelsey Snell, The Washington Post

Congress on Wednesday moved a step closer to clearing a bipartisan budget deal that would boost spending for domestic and defense programs over two years while suspending the debt limit into 2017...
Four Political Issues That Could Tank the Markets

By Jeff Cox, CNBC

Donald Trump's raucous presidential campaign won't be the only thing lighting the political fires this fall. A handful of significant deadlines and policy decisions loom for Washington and Wall...

Washington Inches Toward Another Fiscal Cliff

By Eric Pianin

After a long day of partisan finger pointing over the Amtrak train disaster, bickering over the defense budget, and worrying that the government is short-changing vital highway and infrastructure...
Obama’s Spending Spree Could Push Long-Term Deficit over $1 Trillion

By Matthew Sabas, The Fiscal Times

The decrease in the federal budget deficit has been touted as an accomplishment by many—most recently by President Obama during his State of the Union Address—but America’s debt situation is far from...
Will the Dow Cross 18,000 Threshold in the Week Ahead?

By Patti Domm, CNBC

Traders will be searching for any signs the economy and job market are really kicking into higher gear, as Friday's jobs report suggests. November saw the strongest employment gains in 35 months, and...
Lame-Duck Action Could Add $1.5T to Long-Term Debt

By Eric Pianin

Largely under the radar screen, lawmakers are toying with ideas that could add as much as $1.5 trillion to the national debt in the coming decade. Washington is transfixed on President Obama’s new...
$1.5B Over Budget, 10 Years Late: DHS HQ May Be Cut Off

By Jerry Markon, The Washington Post

The Department of Homeland Security’s long-delayed new headquarters is running into trouble in Congress again, with Republican lawmakers seeking to end funding for the troubled project and Democrats...

Obama Budget Hits Millionaires with New Tax Hikes

By Mark Felsenthal and Jeff Mason, Reuters

The White House on Wednesday proposed a budget that sharply trims the U.S. deficit over three years by forcing millionaires to pay more in taxes and enacting spending cuts that replace the "sequester...
5 Things You Must Know About Our National Debt

By Josh Boak, The Fiscal Times

Our political leaders are flying blind on the exact point at which a government’s debt suffocates a private economy.
Why Alzheimer’s Will Be the Fiscal Nightmare of the Century

By Michael Hodin, The Fiscal Times

A new study by the RAND Corporation projects that the cumulative costs of caring for people with dementia could be as high as $215 billion annually in the United States – which would exceed the...
Why Don’t Politicians Care about the Working Class?

By Mark Thoma

If we want to ensure that our children and grandchildren have the brightest possible future, the national debt is not the most important problem to address. Reversing the polarization of the labor...
Oh No! Another Costly Commission on Social Security

By Eric Pianin

For decades, Washington has addressed its most intractable policy deadlocks by appointing blue-ribbon commissions to try to resolve the differences – and almost always with the same disappointing...

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