Budget

Medicaid Work Rules Approved for South Carolina

By Michael Rainey

The Trump administration on Thursday approved South Carolina’s request to impose work requirements on Medicaid recipients. Seema Verma, administrator of the Centers for Medicare & Medicaid...
Watchdog Questions $6.7 Billion in Medicare Payments

By Michael Rainey

Health insurance companies in the Medicare Advantage program have received billions in extra payments after making adjustments to their patient charts – changes that the Department of Health and...
Congressional Negotiators Strike Spending Deal to Avoid a Pre-Christmas Shutdown

By Yuval Rosenberg

Congressional appropriators have reportedly reached a deal “in principle” to fund the federal government for the rest of the fiscal year and avert a potential shutdown at the end of next week. The...
Judge Blocks Trump Plan to Divert $3.6 Billion in Military Funds to Border Wall

By Yuval Rosenberg

A federal judge in Texas on Tuesday blocked the Trump administration’s plan to divert $3.6 billion in military funds toward construction of barriers along the border with Mexico. District Court Judge...
$738 Billion Defense Bill Authorizes Space Force and New Benefits for Federal Workers

By Michael Rainey

It looks like Space Force has earned its wings. The leaders of the House and Senate Armed Services Committees announced late Monday an agreement on the 2020 National Defense Authorization Act, which...

The Terrible Cost of the War in Afghanistan

By Yuval Rosenberg

The war in Afghanistan is the longest armed conflict in U.S. history, and throughout the 18 years of fighting, U.S. officials have publicly said they were making progress. Yet a new investigative...
The Fiscal Challenge for the Next Recession

By Yuval Rosenberg

The federal budget deficit for fiscal year 2019 was nearly $1 trillion. “In the next downturn, don’t be surprised if this number hits $2 trillion,” writes Nick Timiraos, The Wall Street Journal’s...
Is Trump's $28 Billion Bailout Paying Farmers Too Much?

By Michael Rainey

The Trump administration is spending $28 billion to bail out farmers hurt by the president’s trade war with China – a huge sum that some experts say overestimates the economic losses inflicted by the...
New Trump Food Stamp Rule Will Cut 700,000 from Program

By Michael Rainey

The White House said Wednesday that it has finalized a rule that will tighten work requirements for participants in the Supplemental Nutrition Assistance Program, or SNAP. The new rule could result...
Navy Awards Largest Shipbuilding Contract Ever

By Michael Rainey

The U.S. Navy awarded a contract Monday worth more than $22 billion to build nine new attack submarines. The agreement with General Dynamics Electric Boat includes an option for a 10 th sub, which...

Senate Passes Spending Package, but Stalemate Over Border Wall Persists

By Yuval Rosenberg

It’s progress, sort of. The Senate on Thursday passed its first spending bills for fiscal 2020, which started at the beginning of this month. The bundle of four bills covers funding for the...
Time’s Running Out for Government Financial Reports

By Sheila Weinberg

Fall is often described as a frenzied time in Washington, D.C. lore. After racing to spend any leftover appropriations before the start of a new budget calendar, federal number crunchers are now...
Two Takes on Republican Debt Hypocrisy

By Yuval Rosenberg

The federal deficit for fiscal 2019 was nearly $1 trillion, and the national debt is going to hit $23 trillion within a matter of days. President Trump once said he would eliminate the national debt...
Biggest Contract Yet for the F-35

By The Fiscal Times Staff

The Pentagon is close to a final agreement with Lockheed Martin for the largest batch of F-35 stealth jets, Bloomberg’s Julie Johnsson and Anthony Capaccio reported Monday. The contract for 478 jets...
US Navy Can’t Afford a 355-Ship Fleet: Admiral

By Michael Rainey

In 2016, the U.S. Navy set a goal of growing its fleet to 355 ships, but a high-ranking admiral said Friday that there isn’t enough money in the budget to reach that target. “Will we get to 355-ships...