Budget Battles
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The Rising Tide of Health Care Costs
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The Healthiest — and Unhealthiest — US States
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Health Spending Hits Record High, Even With 1 Million Fewer Insured
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A White House Report Slams Pelosi’s Drug Plan. Experts Call Its Claims ‘Nonsense’
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Hospitals Sue to Protect Secret Prices
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How a Public Option Would Affect the Insurance Market
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Joe Biden Says Pete Buttigieg ‘Stole’ His Health Care Plan
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Is Trump's $28 Billion Bailout Paying Farmers Too Much?
By Michael RaineyThe 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...
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New Trump Food Stamp Rule Will Cut 700,000 from Program
By Michael RaineyThe 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...
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Navy Awards Largest Shipbuilding Contract Ever
By Michael RaineyThe 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...
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On Congress’s To-Do List: Prevent a Shutdown in 18 Days
Congressional appropriators back from their Thanksgiving recess have just three weeks to hammer out details on dozens of policy differences over federal funding for fiscal year 2020, which started on...
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Chart of the Day: Record Low Poverty Rate
By Michael RaineyThe extensive array of government assistance programs — including Social Security, unemployment insurance, veterans’ benefits, nutritional aid, rental assistance and the Earned Income Tax Credit —...
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Trump Scores a Win From NATO, but Fireworks Ahead
By Michael RaineyAhead of NATO’s 70th-anniversary meeting in London this week, Secretary-General Jens Stoltenberg announced last Thursday that the U.S. will contribute less to the alliance’s relatively small central...
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Congress Makes a Deal on 2020 Spending, but the Budget Battle Is Far from Over
By Michael RaineyLawmakers took a big step over the weekend toward reaching a spending deal for the 2020 fiscal year, though a major hurdle — funding for President Trump’s border wall — remains in place. On Saturday...
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States Boost Spending at Fastest Pace Since Great Recession
U.S. states increased spending in fiscal year 2019 at the fastest clip since the end of the Great Recession, according to a new report from the National Association of State Budget Officers. Total...
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Secret Service Spent $254K at Trump Properties in His First Five Months in Office
It’s a shocker, we know: Newly released documents raise fresh concerns about the extent to which President Trump is personally profiting from his public office, showing that the Secret Service spent...
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Public Investment Is the Key to Avoiding Economic Stagnation: Report
By Michael RaineyEconomic stagnation on a global scale is a growing threat, according to a new report from the Organization for Economic Co-operation and Development (OECD). The group’s November economic outlook...
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The Navy’s $7 Billion Destroyer Is Now 6 Years Overdue
By Michael RaineyThe U.S. Navy’s Zumwalt-class destroyer program has experienced one problem after another, from a failure to maintain power while at sea to a gun that requires munitions so expensive that the Navy...
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Why Huge Deficits Could Be Here to Stay
By Michael RaineyEven as annual deficits climb back toward the $1 trillion mark, “the deficit fear-factor” continues to recede in Washington, says Bloomberg’s Steve Matthews, reporting on a debate organized this week...
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States Get a Third of Their Revenue from Uncle Sam
By Michael RaineyThe federal government provided 32.4% of all state revenues in the 2017 fiscal year, according to a new analysis by the Pew Charitable Trusts. That’s roughly in line with the year before, when...
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2019 Deficit Was Just Under $1 Trillion, Highest in 7 Years: CBO
The federal budget deficit for fiscal year 2019 grew to $984 billion, or 4.7% of GDP, the highest since 2012, the Congressional Budget Office estimated on Monday. The total for 2019 is 26% higher...
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How Much Would Trump’s Snake-and-Alligator-Filled Border Moat Cost?
By Michael RaineyPresident Trump has asked his staff to investigate some pretty extreme options related to border security, according to a forthcoming book by Michael D. Shear and Julie Hirschfeld Davis of The New...
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