Progressives Dispute CBO Analysis $15 Minimum Wage Will Hurt Job Numbers
Rep. Ro Khanna is among those who have hit back at the Congressional Budget Office report on the impact of a higher minimum wage.
Seattle to Slash Police Budget by Around 20 Percent
Most members of the Seattle City Council had pledged to reduce the Seattle Police Department's funding by 50 percent over the summer.
Mississippi Gov. Proposes $3 Million to Reverse Socialist 'Indoctrination'
Mississippi Governor Tate Reeves said the push to move America in a socialist or communist direction was concerning and students should be taught what makes America the "greatest place on Earth."
Nearly 100 Nurses Laid Off As Canada 'On the Brink' of COVID-19 Second Wave
Prime Minister Justin Trudeau warned on Wednesday: "We're on the brink of a fall that could be much worse than the spring."
Budget Deficit Hits Record Days After China Says It May Dump U.S. Debt
The $3 trillion deficit between October and August, worsened by coronavirus relief spending, more than doubles the previous all-time high shortfall of $1.37 trillion set in 2009.
Steve Mnuchin Defends Record U.S. Deficit, Spending: COVID-19 'Like a War'
The treasury secretary said the national debt won't be dealt with until after the COVID-19 pandemic.
Trump Orders Historic Military Newspaper Stars and Stripes Shut Down
The decision from the Pentagon to close the paper down comes shortly after a "Military Times" poll that showed Trump's popularity with the troops has declined.
Biden Should Pledge to Cut Back on Presidential War Powers—To Start With
As the inheritor of Trump's erratic foreign policy, Biden must not accept a mangled status quo; he will need to make a sharp break left.
As Biden Praises Amtrak at DNC, Trump Wants to Cut Its Budget in Half
The expected Democratic presidential nominee famously rode the train to work for 30 years while working as a senator.
AOC Says NYPD's Budget Cut Doesn't Go Far Enough to Defund Police
Congresswoman Alexandria Ocasio-Cortez called the proposed $1 billion cut to the NYPD budget "a disingenuous illusion."
Cut $1 Billion from the NYPD Budget—for the Sake of New York Seniors
This budget prioritization has never reflected our city's needs: The Department for the Aging receives less than one half of 1 percent of the city's budget, despite serving almost 20 percent of New York's population.
State Lawmakers Against State Bailouts
Not every state legislator wants Congress to spend U.S. taxpayer dollars to bail out state governments.
Marijuana Is No Answer for Ailing State Budgets
Amidst coronavirus, some states are looking for creative ideas to balance budgets. Marijuana won't provide that.
Does the National Debt Even Matter Anymore?
It seems that there is little appetite for fiscal sanity in Washington, D.C. these days.
20 Pick-Me-Up Gifts to Send During Covid-19
If you have a loved one who could use something to make them smile, we hand-picked more than 20 gifts and organized by price point to suit any budget.
Mother's Day Gifts for Any Budget
Why is it so darn tough to find the perfect Mother's Day gift? After evaluating scores of gifts, we chose 26 that we think all the moms in your life will love.
With States Running Out of Cash, Fiscal Crisis Will Likely Follow Pandemic
The wider economic fallout from the virus and governments' response to it has been unprecedented.
Pentagon Shows Trump's Air Force One New Paint Will Be Red, White and Blue
In its military budget proposal, the Pentagon revealed a new paint design for the exterior of Air Force One, which will replace the current blue and white scheme with a red, white and blue palette.
#TrumpBudget Trends After New Proposal Trims Medicare and Social Security
After President Donald Trump revealed his budget proposal for fiscal year 2021 Monday, which included deep cuts in funding for social programs, opponents of the proposal made #TrumpBudget a trending topic on social media.
U.S. Deficit Skyrockets 26 Percent Over 2018, Trump Tax Cuts Blamed for Gap
The 2019 U.S. federal deficit increased 26 percent over 2018 and has more than doubled since 2015, the Treasury Department said Friday.
Best Saving Apps for National Savings Day
A round-up of the best money-saving apps to help you track your savings, manage your money and invest.
U.N. Facing Cash Crisis Because Member States Behind on Payments
The United Nations is facing a cash shortage that could keep its staffers from being paid in November 2019.
The U.S. Wastes 25 Percent of Its Healthcare Spending
The study, published in JAMA, is based on government reports, articles and peer-reviewed publications related to costs and savings estimates in six categories of waste, released between 2012 and 2019.
Russia Says U.S. Could Cut Military Budget If It Stopped Attacking Nations
Sergey Shoigu said Russia will focus on weapons to level the playing field against overwhelming U.S. force.
US Budget Deficit Will Breach $1 Trillion Two Years Earlier Than Predicted
The news comes as Trump says he's considering tax cuts, a move that would likely further raise the deficit, and a massive bipartisan budget deal struck between Congress and the president that increases spending.
Despite Trump Saying He'd Pay Off National Debt, It's Grown by $4 Trillion
"Nobody is a fiscal conservative anymore," said Rush Limbaugh on his radio show. "All this talk about concern for the deficit and the budget has been bogus for as long as it's been around."
Senate GOP Continues to Blast Bipartisan Budget Deal Ahead of Vote
"They all thought debt was bad when it was President Obama's debt," said GOP Senator Rand Paul. "They're not interested in the debt now that Republicans are complicit."
GOP Senator Compares Cutting Federal Spending to 'Going to Heaven'
Kennedy said that when it comes to actually reducing spending, lawmakers from both parties "don't want to hear about it."
The Pentagon Has More Money Than It Can Spend, Thanks to GOP and Democrats
We actually need a far leaner and meaner military budget to keep America safe.
Federal Government Breaks New Record for Spending Money
Trump's interim chief of staff Mick Mulvaney said in April that his administration was "spending a bunch of money on stuff we're not supposed to."