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...

How Congress Became an Incompetent Bureaucracy

By Bruce Bartlett, The Fiscal Times

In 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...
The Real Brains behind the Shutdown Deal: Women

By Eric Pianin

While 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...
Four Lessons from the GOP Shutdown Wars

By Edward Morrissey

After weeks of extended brinksmanship over the debt ceiling and Obamacare and fifteen days of partial government shutdown, the smoke may be clearing. Congress appears ready to pass a bipartisan bill...
Cruz Finally Blinks as Senate Debt Plan Moves Ahead

By Eric Pianin

With the day of reckoning upon us, Congress now appears on track to approve a bipartisan compromise today that would end the two-week old government shutdown and avert a first-ever default on U.S...
Tea Party Finally Trusts Boehner

By Josh Boak, The Fiscal Times

House Speaker John Boehner (R-OH) finally seems to have gained the trust of Tea Party conservatives . All it took was a government shutdown and threat of default threat in a botched attempt to stop...

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