Featured - The Fiscal Times
WEBMoody’s Warns Growing Deficits Could Take a Toll on US Credit Rating. Former President Donald Trump is piling up the tax cut proposals as he seeks to win votes from the likes of service workers ...
What's in the $1.7 Trillion Spending Bill — and What Got Cut
WEBDec 20, 2022 · Just before 1:30 a.m. Tuesday, congressional appropriators released the text of a massive, $1.65 trillion spending bill for the fiscal year that runs through September. Now lawmakers are racing to ...
A New Verdict on the Trump Tax Cuts | The Fiscal Times
WEBMar 5, 2024 · That increase translates to a pay bump of about $750 per year for the average worker — far short of the $4,000 to $9,000 increase cited by Republican lawmakers and conservative policy experts ...
News and Views - The Fiscal Times
WEB4 days ago · Fiscal News Roundup. Divided House GOP Struggles to Avoid a Government Shutdown — NBC News. Why House Republicans Still Can't Manage to Fund the Government — Washington Post. White House's Brainard Says US Inflation at Turning Point, Focus Should Shift to Jobs — Reuters. Fed Enters Tricky Terrain: Rate Cuts in a Decent Economy — Wall ...
Budget - The Fiscal Times
WEBBy Michael Rainey. The federal budget deficit was $1.5 trillion in the first 10 months of the 2024 fiscal year, according to an initial estimate released by the Congressional Budget Office released Thursday.
News and Views - The Fiscal Times
WEB3 days ago · Views and Analysis. A $28 Trillion Problem Is About to Get Much Worse. Harris and Trump Are Ignoring It — Elisabeth Buchwald, CNN. Trump's Big Ideas Would Stunt U.S. Growth and Spur Inflation ...
IMF Warns of ‘Pressing Need’ to Address U.S. Debt
WEBJun 27, 2024 · The IMF report warns that U.S. deficits and debt now present “a growing risk to the U.S. and global economy” and should be “urgently addressed.”. It called for the government to run a surplus excluding interest costs of about 1% of GDP, compared with a current baseline deficit of about 3 percent of GDP. To accomplish that shift over the ...
Congress' New Tax Deal Clears a Big Hurdle | The Fiscal Times
WEBJan 19, 2024 · House Panel Overwhelmingly Advances Bipartisan Tax Deal. The House Ways and Means Committee voted 40-3 on Friday to advance a bipartisan, $78 billion plan to expand the child tax credit and ...
A New Plan to Save America’s Fiscal Future | The Fiscal Times
WEBMay 20, 2022 · The $10 Million a Minute Tour covered 10,000 miles and resulted in 77% to 97% agreement among representative groups of voters on a series of specific budget, tax, spending and other reforms that ...
Taxes - The Fiscal Times
WEBDonald Trump suggested Tuesday that he would restore the full tax write-off for state and local taxes, a deduction that was limited to $10,000 in the tax package he signed into law during his time in...
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