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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

It's use-it-or-lose-it season in Washington

Sep 18, 2018
Every year at this time, federal agencies scramble to spend down their budgets.
It's September, spendathon time in Washington, D.C.
NICHOLAS KAMM/AFP/Getty Images

Defense authorization act would boost military spending, but can it be sustained?

Aug 13, 2018
President Donald Trump heads to upstate New York on Monday to sign one of the largest military budgets in the nation’s history. The $716 billion John S. McCain National Defense Authorization Act  pours money into pay, training and equipment maintenance, among other things. But some point out it adds to the fast-rising federal deficit and […]
President Donald Trump speaks to members of the military at Joint Andrews Air Force base, Maryland, on Sept. 15, 2017.
MANDEL NGAN/AFP/Getty Images

We dodged another government shutdown

Mar 23, 2018
It was a busy week in Washington.
President Donald Trump gestures to the $1.3 trillion spending bill passed by Congress early Friday, with Vice President Mike Pence, center, and Defense Secretary Jim Mattis, left, at the White House.
Mark Wilson/Getty Images

Congress votes to reopen government, passes budget deal

Feb 9, 2018
The budget deal amounts to $400 billion.
Sen. James Risch (R-ID) (L) and Sen. Lamar Alexander (R-TN) leave the U.S. Capitol following early morning votes on Friday in Washington, D.C. Despite an attempt by Sen. Rand Paul (R-KY) to slow down the process, the Senate passed bipartisan legislation to continue to fund the government and lift strict budget caps.
Chip Somodevilla/Getty Images

Two-year Senate budget deal provides certainty and busts spending caps

Feb 7, 2018
Of course, the Senate deal has to be approved by the House and signed by President Donald Trump. But, assuming that happens, we wouldn’t have to worry about shutdowns or continuing resolutions until the end of fiscal 2019. So what then would a two-year spending plan mean for the federal government?  Click the audio player […]

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Big cuts ahead for energy innovation programs

Jul 10, 2017
Funding for the much-lauded ARPA-E innovation program, which funds energy projects with serious potential, will be removed.
Aaron Palumbo looks into a furnace he helped develop in a lab on the University of Colorado campus in Boulder. His company, Big Blue Technologies, received a $3.6 million ARPA-E grant in 2014.
Dan Boyce for Marketplace

For advocacy groups, the federal budget is mainly a blueprint for battle

May 23, 2017
The federal budget released today is pretty much a fantasy document that will be dead on arrival when it gets to Congress, economists say. But even scaled back, proposed budget cuts to Medicaid, food assistance and other programs for the poor are likely to tear a hole in the safety net the likes of which […]

Video: The envelope, please?

Feb 27, 2017
On our weekly Facebook Live video, Kai and Molly talk about the Oscars historic snafu, the president's upcoming budget and more.