Budget Battles
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White House Stops Short of Endorsing Florida Drug Importation Proposal
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Democrats Call for End to Medicaid Work Requirements
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Florida’s New GOP Governor Wants to Import Cheaper Prescription Drugs from Canada
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For 2020 Dem Hopefuls, ‘Medicare-For-All’ Is A Defining Issue, However They Define It
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Baby Boomers Will Drive Health Care Spending to Nearly $6 Trillion a Year by 2027
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Voter Support for 'Medicare for All' Plunges: Poll
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Medicare, Medicaid Control Costs Better Than Private Insurers: Study
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Klobuchar Pitches Herself as Pragmatic Alternative to Progressive Dems
In a CNN town hall in New Hampshire Monday night, Sen. Amy Klobuchar (D-MN) drew some clear distinctions between herself and some of the most progressive Democratic presidential candidates in the...
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Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'
By Michael RaineyPresident Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...
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The Great Debt Debate: How Dangerous Is It?
By Michael RaineyMIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...
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Goldman Sachs Projects Deficit Will Top $1 Trillion Next Year
The Congressional Budget Office projected last month that the federal budget deficit for this year would be about $900 billion , up 15 percent from last year but about $84 billion less than it had...
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Democrats Unveil Their ‘Green New Deal.’ Here’s What It Does – and Doesn’t Do
By Michael RaineyRep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA) released their much-anticipated proposal for a Green New Deal Thursday. Framed as a response to the challenges of global warming, the 14...
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Foreign Ownership of US Debt Continues to Decline
By Michael RaineyForeign demand for U.S. government debt has been declining in recent years but domestic investors have picked up the slack, The Wall Street Journal’s Daniel Kruger and Kate Davidson reported...
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SOTU 2019: 3 Important Things Trump Said, and 1 Big Thing He Didn’t
President Trump’s 82-minute-long State of the Union address Tuesday night put a uniquely Trumpian spin on the usual recipe for the address: a healthy helping of rah-rah patriotism and legislative...
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Is It Time to Start Selling 100-Year Bonds?
By Michael RaineyWith the U.S. facing a $12 trillion deficit over the next decade, the Treasury Department is exploring ways to maintain robust demand for American debt. One option being considered is the sale of “...
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‘Greatest Threat’ to the US? Two Top Democratic Economists Aren’t So Worried About the Debt
By Michael RaineyStarbucks founder Howard Schultz told “60 Minutes” Sunday that he is considering a run for president in 2020, possibly as a “centrist independent,” and one of his top issues is the growing national...
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Deficit Rising, but Won’t Hit $1 Trillion Until 2022, CBO Projects
By Michael RaineyIn new budget and economic projections released Monday , the Congressional Budget Office said annual deficits are expected to rise above $1 trillion in 2022, two years later than previous estimates,...
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Congress Added $2.4 Trillion to the National Debt in 2018: Report
By The Fiscal Times StaffFiscal 2018 ends on Monday, and the Committee for a Responsible Federal Budget calculates that lawmakers added $2.423 trillion to the national debt through 2027 through legislation enacted over the...
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The Deficit Is Heading to $1 Trillion. How Worried Should We Be?
By Michael RaineyShould we be worried about the rising federal deficit? If not, when should we start worrying – when it hits $1 trillion a year? $2 trillion? Never? That’s the topic of debate in a Bloomberg piece...
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‘Beware Trillion-Dollar Deficits,’ Barron’s Says
In the latest Barron’s cover story, Jack Hough warns of the long-term risks of rising U.S. public debt. While noting that there’s little chance of hitting debt-related turbulence anytime soon and...
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Are Deficit Hawks Dead or Just Playing Possum?
“The deficits hawks are dead,” declared Paul Kane, The Washington Post’s senior congressional correspondent and columnist, in a piece over the weekend. It’s easy to see why Kane says that, and there’...
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Why the Markets Aren’t Freaking Out About Soaring US Debt
Does the high and rising level of U.S. public debt matter? If so, how concerned should we be? Goldman Sachs asks those questions in a new research piece, noting that the “fiscal outlook for both...
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