Budget Battles
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House Passes Pelosi’s Sweeping Drug Bill
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Shocking Health Care Statistic of the Day
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Ready to Rumble: How Pelosi’s Drug Bill Sets Up Dems for 2020
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Increasing Number of Americans Delay Medical Care Due to Cost: Gallup
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Congress Really Wants to Get Something Done on Drug Prices. It May Fail Anyway
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Surprise Deal to Protect Patients From Surprise Medical Bills
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Obamacare Back at the Supreme Court — With Billions for Insurers on the Line
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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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Democrat's New Taxes Wouldn't Hit Just Billionaires
By Michael RaineySome Democratic tax proposals are focused on making millionaires and billionaires pay more, but other households would be affected as well. Neil Irwin of The New York Times points out Tuesday that...
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How Mitt Romney Wants to Save Social Security and Other Trust Funds
By Michael RaineyA bipartisan group of lawmakers led by Utah Republican Sen. Mitt Romney introduced legislation Tuesday that would create new congressional committees focused on the fiscal health of federal trust...
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Number of the Day: $23 a Month
By Michael RaineyThe Social Security Administration on Thursday said the cost-of-living adjustment for 2020 would be 1.6%. That translates to a bump of about $23 on the average monthly benefit of $1,460. The 2020...
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The Case for Giving Social Security to Children
By Michael RaineyUS social welfare programs reduced poverty by about two-thirds overall in 2018, according to an analysis of Census data by Matt Bruenig of the left-leaning People’s Policy Project. Bruenig offers a...
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Elizabeth Warren Has a Plan to Expand Social Security
By Michael Rainey and Yuval RosenbergElizabeth Warren released a plan Thursday to expand Social Security and raise benefit payments. Warren’s plan would: Immediately increase benefit payments by $200 a month. If enacted, Warren’s plan...
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More Progress in Tackling Poverty, but Meager Gains for the Middle Class
The poverty rate fell for the fourth straight year in 2018, dropping to 11.8%, the lowest level since 2001, the Census Bureau reported Tuesday. In all, some 38 million people were living in poverty...
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Op-Ed of the Day: Fighting the Next Recession Now
By The Fiscal Times StaffJason Furman, the former chairman of the White House Council of Economic Advisers under President Obama, has some advice for Congress: Start preparing for the next recession now. In a Wall Street...
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Americans Are Missing Out on Trillions in Social Security
By The Fiscal Times StaffAmericans will lose out on $3.4 trillion in benefits by claiming Social Security too early, according to a new report from United Income, an investment management and financial planning company...
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Growth of US Debt Slows, but Record Levels Still Ahead
By Michael RaineyThe national debt will reach “unprecedented levels” over the next 30 years, according to the new long-term budget outlook released Tuesday by the Congressional Budget Office. Federal outlays will...
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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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