Budget
  • Military Parade at Trump Inauguration

    Trump Cancels His Military Parade as Costs Soar

    By Michael Rainey

    President Trump said Friday that he has canceled plans for a military parade in Washington this fall amid reports of rapidly rising costs. On Thursday, an unnamed source at the Pentagon told CNBC...

  • Top White House economic adviser Larry Kudlow speaks at the White House in Washington

    Is This an Economic Boom or Just a Blip?

    By Michael Rainey

    Most mainstream economists think the booming GDP growth recorded in the fourth quarter will ease toward the end of the year, but President Donald Trump’s chief economic adviser Larry Kudlow says...

  • Why Children Lose Out in the Federal Budget

    By Michael Rainey

    The federal government spends much less on children than it does the elderly, with the latter claiming roughly 35 percent of the annual budget. The disparity is driven in part by the government’s...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    Spending Caps Could Come Roaring Back in 2020

    By Michael Rainey

    Congress has busted through its self-imposed spending caps for this year and next, enabling the government to spend billions more that the limits imposed by the Budget Control Act of 2011. The...

  • U.S. President Trump talks with U.S. Army Major General Piatt during demonstration at Fort Drum, New York

    Cost of Trump’s Military Parade Rising Fast

    By Michael Rainey

    It looks like President Trump’s military parade is going to cost a lot more than the initial estimate suggested – about $80 million more. The Department of Defense pegged the cost of the parade at...

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