The Fiscal Times

The Fiscal Times (TFT) is a digital news platform that offers news, analysis, and opinions in English. It operates from both New York City and Washington, D.C., and was established in 2010. The publication was initially funded by Peter G. Peterson, a billionaire investment banker and founder of the Peter G. Peterson Foundation. Peterson is known for his strong stance on reducing the deficit, cutting social welfare programs, and making cuts to Social Security.

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As GOP Deadline Nears, Trump’s Big Bill Still Faces Big Hurdles in the Senate

2 days ago | thefiscaltimes.com | Yuval Rosenberg

By Yuval RosenbergSenate Republican leaders are running into a series of obstacles as they race to finalize their sweeping package of tax and spending cuts, with multiple GOP lawmakers warning that they still have concerns about the bill. Sen.
White House Issues Wildly Optimistic Projections for Trump’s Big Bill

3 days ago | thefiscaltimes.com | Yuval Rosenberg |Michael Rainey

By Yuval Rosenberg and Michael RaineyHappy Wednesday! President Trump on Wednesday wrapped up a relatively chummy NATO summit in the Netherlands, where most U.S. allies agreed to a goal, set by the president, of spending 5% of their gross domestic product on defense. "I came here because it was something I'm supposed to be doing, but I left here a little bit differently," Trump said. "I left here saying that these people really love their countries. It's not a ripoff.
Trump to Congress: No Vacation Until Megabill Is Done

4 days ago | thefiscaltimes.com | Yuval Rosenberg

By Yuval RosenbergGood evening from a sweltering New York City, where the temperature reached 99 degrees in Central Park for the first time since 2012, just as residents were heading to the polls to cast their votes in a scorcher of a mayoral primary. The results in that race may not be known for some time.
Senate GOP Slashes Official Cost of Megabill With Accounting ‘Gimmick’

5 days ago | thefiscaltimes.com | Yuval Rosenberg |Michael Rainey

By Yuval Rosenberg and Michael RaineyGood evening. President Donald Trump just announced a ceasefire between Israel and Iran that he said he hopes will become permanent. That news comes after Iran launched a missile attack on the Al Udeid Air Base in Qatar, the largest American military installation in the Middle East. The attack, retaliation for the U.S. bombing of three Iranian nuclear sites over the weekend, was thwarted by air defense systems, officials said. No casualties were reported.
Senate GOP’s Megabill Faces Pushback From Republicans

1 week ago | thefiscaltimes.com | Yuval Rosenberg

The Senate version of Republicans’ budget reconciliation bill has drawn some stiff pushback from GOP lawmakers this week, raising concerns that the party may not be able to meet its self-imposed July 4 deadline for getting the bill to President Trump’s desk. The Senate Finance Committee released its portion of the package on Monday, including changes to some extremely thorny elements of the House plan.
Social Security, Medicare Funding Outlook Worsens

1 week ago | thefiscaltimes.com | Michael Rainey

The combined Social Security trust funds are expected to be depleted by 2034, one year earlier than projected a year ago, according to a new report from the program’s trustees. At that time, the funds would be able to cover just 81% of obligations.
Trump's Big Bill Would Increase Deficits by $2.8 Trillion on a Dynamic Basis: CBO

1 week ago | thefiscaltimes.com | Michael Rainey

By Michael RaineyThe sweeping Republican tax-and-spending bill that would deliver on much of President Donald Trump's agenda would increase deficits by about $2.8 trillion over 10 years, once its economic effects are taken into account, the Congressional Budget Office announced Tuesday.
Americans Oppose the GOP's Big Bill by Nearly a 2-1 Margin: Polls

1 week ago | thefiscaltimes.com | Yuval Rosenberg

If the budgetary analyses of Republicans' "One Big Beautiful Bill Act" have produced some less-than-beautiful projections, the polling numbers for the package have been pretty ugly, too. While the Senate continues to work on its version of the legislation, a new Washington Post-Ipsos poll finds that nearly twice as many Americans oppose the GOP plan as support it.
Americans Oppose Trump’s Big Bill by Huge Margin: Polls

1 week ago | thefiscaltimes.com | Yuval Rosenberg |Michael Rainey

By Yuval Rosenberg and Michael RaineyGood evening! On this date 95 years ago, President Herbert Hoover signed the Smoot-Hawley Tariff Act, raising tariffs on thousands of imported goods in a bid to protect domestic jobs and manufacturing. The law backfired as U.S. trading partners enacted retaliatory tariffs, reducing American exports and deepening the Great Depression, which had started in October 1929. Here's what's happening today.
Senate Republicans Unveil Trickiest Parts of Their Big Tax Bill

1 week ago | thefiscaltimes.com | Yuval Rosenberg

By Yuval RosenbergThe Senate Finance Committee late Monday afternoon released the long-awaited text for its portion of the Republican budget reconciliation bill, including key changes to thorny elements of the House version of the legislation that could upset the delicate balance GOP leaders need to pass the package. The 549-page bill calls for:* Steeper Medicaid cuts than in the House plan.