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…

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…
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

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.

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You may need to get used to the threat of government shutdown

Jan 18, 2018
This economy has been reduced to getting by on a never-ending series of four week budget stopgaps.
A pedestrian walks past the U.S. Capitol as congressional lawmakers work on a deal to fund the government and avert a shutdown by midnight Friday, on Dec. 21, 2017 in Washington, D.C.
Mark Wilson/Getty Images

Pennsylvania’s budget stalemate threatens in-state tuition discounts

Oct 19, 2017
In Pennsylvania, a budget stalemate — one that’s been going on for more than three months now — is threatening millions of dollars that some universities count on to lower their in-state tuition. The state’s legislature adopted the budget over the…

Senate budget battle likely as vote looms

Oct 17, 2017
The Senate is expected to take up a budget framework this week. If it passes, the GOP will be one step closer to the tax overhaul it so desperately wants. President Donald Trump promised yesterday in a Rose Garden press…