Top Reads from the Fiscal Times

Obama Sets Stage For Big Budget Showdown with GOP While both Obama and GOP leaders have called for compromise in helping middle-class Americans and in strengthening the military in light of new terror threats – the president struck a largely defiant tone yesterday.  Declaring that “America’s… Why a $1 Trillion D.C. Spending Spree Is Just What America Needs At the beginning of a new congressional session, virtually every elected official presents a legislative agenda. Usually these efforts fall victim to gridlock, but they… Americans’ 401(k) Totals Just Reached a New Record. Don’t Celebrate Yet… The average 401(k) balance reached a record high of $91,300 at the end of 2014, Fidelity Investments reported Thursday. That’s starting to sounds like real money. Even… What the Pentagon is Hiding from Its Auditors The Defense Department just made it extremely difficult for federal auditors to keep track of how billions of dollars are being spent in Afghanistan.   In its quarterly…