Budget Battles
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Trump’s Risky Plan to Get $8 Billion for His Wall
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Trump to Sign Border Deal — and Declare a National Emergency, Too
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Trump Likely to Sign Border Deal, Avert Another Shutdown
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Shutdown Makes a Bad Situation Worse at the IRS
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Trump’s ‘Not Happy’ with the Border Deal. Why He’ll Probably Sign It Anyway.
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Lawmakers Scramble to Avert Another Government Shutdown
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Is Trump ‘Trapped’ on the Border Wall Deal?
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House Democrats Introduce Bill to Expand Social Security
By Michael RaineyBacked by more than 200 House Democrats, Reps. John Larson (D-CT), Conor Lamb (D-PA) and Jahana Hayes (D-CT) introduced a bill Wednesday that would increase Social Security benefits. The bill would...
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‘Greatest Threat’ to the US? Two Top Democratic Economists Aren’t So Worried About the Debt
By Michael RaineyStarbucks founder Howard Schultz told “60 Minutes” Sunday that he is considering a run for president in 2020, possibly as a “centrist independent,” and one of his top issues is the growing national...
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CBO Offers 121 Ways to Shrink the Deficit
By The Fiscal Times StaffThe Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...
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Moody’s Warns of Declining US Fiscal Strength
By The Fiscal Times StaffTrump’s tax cuts combined with a slowing economy will diminish the United States’ “fiscal strength” over the next 10 years, Moody’s Investor Service said Wednesday. The gradual decline could pressure...
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3 Ideas for Fixing Social Security
Social Security’s trustees reported earlier this year that the program will spend more than it collects in 2018 , requiring it to tap into its $2.9 trillion trust fund to cover benefit payments. It’s...
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Transfer Payments Hit $3 Trillion Annual Pace
By The Fiscal Times StaffTotal government transfers reached $3 trillion on an annualized basis for the first time in September, according to data released by the Bureau of Economic Analysis Monday. Transfer payments include...
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Democrats Take Aim at Republicans on Entitlement Cuts
By Michael RaineyDemocrats have a new sledgehammer of a study they can use in trying to link Republican tax cuts and proposed cuts to Medicare, Social Security and other social welfare programs. A report released...
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McConnell: Entitlement Cuts Probably Won’t Happen Under Trump
Senate Majority Leader Mitch McConnell (R-KY) unleashed a storm of Democratic criticism earlier this week by telling Bloomberg News that rising deficits and debt are driven by Social Security,...
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Mitch McConnell on Rising Deficit: ‘It’s Not a Republican Problem'
The quotes: “It’s disappointing, but it’s not a Republican problem. It’s a bipartisan problem: unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the...
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A Fiscal Hawk’s New Plan to ‘Avert a Debt Crisis’
The national debt rose by more than $1 trillion in fiscal 2018, and yet lawmakers have evinced little concern about it ahead of this year’s elections, instead pushing tax cuts and spending increases...
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Election Ad Wars 2018: GOP Focuses on Immigration, Dems on Health Care
The 2018 elections are 160 days away, but the campaign ad wars are already well under way, with Republicans and Democrats focusing on very different issues so far — though the election is clearly...
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The Unintended Consequence of Letting Workers Take Social Security at Age 62
By Michael RaineyWith the Social Security system facing insolvency by 2034, one option to address the program’s fiscal shortfall is to raise the early retirement age of 62. While little is known about the effects...
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US Fertility Just Hit a 30-Year Low. Why That's a Problem for Social Security
By Michael RaineyBirths in the U.S. fell to a multi-decade low last year, according to data from the National Center for Health Statistics released Tuesday. The provisional estimate shows 3.85 million births in the U...
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Here’s How Much Americans Rely on Social Security
Social Security once again tops the list of major income sources for U.S. retirees — just as it has every year since 2001, according to a new Gallup survey . Almost six in 10 U.S. retirees surveyed...
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Is Social Security a ‘Good Investment’?
By Michael RaineySocial Security is a pay-as-you-go social insurance program, not an investment fund, but Monique Morrissey of the Economic Policy Institute says that its return on contributions is actually quite...
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