Budget Battles
-
Harris Tries to Flip Trump’s Biggest Advantages
-
US Economy Stronger Than Previously Thought
-
Harris Slams Trump’s Economic Plans, Pledges to Grow the Middle Class
-
Trump’s Tax Cut Wish List Tops $11 Trillion
-
Harris Prepares a New Economic Pitch
-
Republicans Defy Trump on Shutdown Threat
-
Speaker Johnson Scrambles for Plan B to Avoid a Shutdown
-
Trump Economic Plans Would Cost More Than $4 Trillion: Analysis
By Michael RaineyAn array of tax and spending proposals put forth by former President Donald Trump would raise the federal budget deficit by more than $4 trillion over the next 10 years, according to an analysis by...
-
Trump’s Social Security Tax Plan Would Cost $1.5 Trillion: Analysis
By Michael RaineyFormer President Donald Trump suggested this week that he wants to repeal the income tax on Social Security benefits. “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” he posted on his social media...
-
Trump’s Republican Platform Drops Any Mention of National Debt
Ahead of the Republican National Convention in Milwaukee next week, the GOP on Monday published its 2024 platform — a 16-page outline of the party’s policy positions for a second Trump term. The...
-
Social Security, Medicare Get Modest Boost From Strong Economy
By Michael RaineySolid economic growth in the wake of the pandemic has strengthened some of the nation’s leading social safety net programs, as robust employment increases the flow of payments into the Social...
-
BlackRock CEO Warns of a Retirement Crisis
Larry Fink, the billionaire chairman and CEO of investing giant BlackRock, warns in a newly published annual letter to shareholders that it’s time to rethink retirement savings in aging countries...
-
House Republican Caucus Calls for Raising the Social Security Retirement Age
By Michael RaineyThe Republican Study Committee, the largest conservative caucus in the House, released on Wednesday a 2025 budget proposal that would slash healthcare spending, raise the Social Security retirement...
-
Biden Proposes a $7.3 Trillion Budget for 2025
President Biden on Monday proposed a $7.3 trillion budget for fiscal year 2025 that seeks to lower the costs of prescription drugs, child care and housing while also cutting the deficit by $3...
-
House Budget Committee Approves Bill to Create Bipartisan Fiscal Commission
The House Budget Committee on Thursday approved a landmark bill to create a bipartisan fiscal commission that would make recommendations on how to address the rising national debt. The commission has...
-
Romney and Manchin Call for Commission to Stabilize US Debt
By Michael RaineySens. Mitt Romney of Utah and Joe Manchin of West Virginia introduced a bill Thursday that would create a commission tasked with stabilizing the national debt. Warning that the nation’s finances are...
-
US Retirement System Gets a C+
By Michael RaineyWith a mix of mandatory public and private pension programs, the Netherlands has the world’s best retirement system, according to a new ranking from the consulting firm Mercer. The European nation...
-
McCarthy Rolls Out a Republican Agenda
By Michael RaineyHouse Minority Leader Kevin McCarthy (D-CA) on Friday unveiled a conservative populist agenda ahead of the midterm elections, giving voters a sense of what Republicans hope to accomplish if they can...
-
Some Republicans Keep Floating Social Security and Medicare Privatization
Politico’s Natalie Allison reports that some Republicans keep floating the idea of privatizing Social Security and Medicare, despite the political perils involved in raising the idea — and despite...
-
Social Security Benefits Headed for Biggest Bump in 40 Years
With inflation running at an 8.3% annual rate as of August, Social Security beneficiaries are set to receive the largest cost-of-living adjustment in four decades. Based on government data released...
-
As Social Security Turns 87, Democrats Warn GOP Wants to ‘Put It on the Chopping Block’
By The Fiscal Times StaffPresident Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1935, and Democratic leaders on Monday celebrated the 87th anniversary of that monumental event – while warning...
-
Social Security Benefits Set for a Huge Boost in 2023: Analysis
Social Security’s annual cost of living adjustment for 2023 will be the highest in four decades, according to projections from the Committee for a Responsible Federal Budget. While benefits this year...