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Federal deficit rises to six-year high following last year's tax cut

Oct 16, 2018
The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]

Critics of FAA reauthorization bill say it fails to address major upgrades to air traffic control system

Sep 19, 2018
Congress has pushed off deadlines for the reauthorization bill, but the next one is at the end of September.
A jet makes an evening landing June 21, 2001 at Los Angeles International Airport. 
David McNew/Getty Images

Another government shutdown might be around the corner

Jun 21, 2018
Elected officials have a lot of work to do by the end of the year.
The Indian Health Service requires its budget to be approved by Congress every year. Short-term funding and government shutdowns can throw that into chaos.
Win McNamee/Getty Images

CBO: Tax cuts, spending to raise deficit to $1 trillion by 2019

Apr 9, 2018
The Congressional Budget Office says the tax and spending bills will increase the budget deficit by billions.
Brendan Hoffman/Getty Images

Why budgets of federal agencies are “use-it-or-lose-it”

Mar 27, 2018
Federal agencies are now trying to figure out how to spend billions of dollars in the next six months. President Donald Trump signed the $1.3 trillion spending bill Congress sent him last week, unleashing funding for fiscal year 2018, which is already half over. It’s a use-it-or-lose it situation for federal agencies. Click the audio player […]

As President Trump heads to California, an update on money for the border wall he wants with Mexico

Mar 12, 2018
President Donald Trump plans to visit California this week. He’s expected to stop in San Diego to take a look at prototypes for a border wall with Mexico. But the big question still looms: How much will it cost, and will Congress fund it? Click the audio player above to hear the full story. 
The International Space Station and the docked space shuttle Endeavour orbit Earth during Endeavour's final sortie on May 23, 2011.
Paolo Nespoli - European Space Agency/NASA via Getty Images

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U.S. government shuts down for the second time in 2018

Feb 8, 2018
The shutdown came after Kentucky Senator Rand Paul blocked a vote on the budget plan.
SAUL LOEB/AFP/Getty Images

Behind all this market volatility, there’s another storm brewing

Feb 6, 2018
How does fiscal policy play into what's happening in the markets?
“I'm not concerned about market volatility. The fundamentals are quite strong,” Treasury Secretary Steven Mnuchin said today during testimony before the House Financial Services Committee after two days of historic losses in the stock markets.
Chip Somodevilla/Getty Images

U.S. Government shuts down

Jan 19, 2018
Last-minute negotiations crumbled as Dems and GOP blame each other.
Capitol building at night. 
Capitol building at night by M.Fitzsimmons is licensed under the Creative Commons Attribution ShareAlike 3.0.