The Fiscal Times

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The Fiscal Times
TFT WIKIPEDIA lg.jpg
Screenshot
Type Daily news and opinion website
Owner(s) The Fiscal Times, LLC
Editor Jacqueline Leo
Founded 2010
Headquarters 529 14th St, N.W.
Washington, D.C.,
and 712 5th Ave
New York, NY
Website thefiscaltimes.com

The Fiscal Times (TFT) is an English-language digital news, news analysis and opinion publication based in New York City and Washington, D.C. and founded in 2010. The publication received its initial funding from Peter G. Peterson, founder of the Peter G. Peterson Foundation and a billionaire investment banker, who has long advocated deficit reduction, reduced social welfare program expenditures, and cuts to Social Security.

Through three core content channels—policy and politics, business and economy, and life and money—the publication focuses on how fiscal policy affects business and consumers and how business and consumer behavior influences government fiscal policy. The site's news coverage also tracks the Presidency, Congress and the Federal Reserve, the euro zone fiscal crisis, and U.S. business as part of a global economic system.

History[edit]

Peter G. Peterson, founder of the Peter G. Peterson Foundation, initially funded The Fiscal Times in 2009 and 2010. Liberal advocacy groups accused Peterson, a former investment banker who advocates for deficit reduction and entitlement program cutbacks, of having a political agenda for funding the start-up publication.[1]

On 31 December 2009, the Washington Post published a news article, "Support grows for tackling nation's debt," created by The Fiscal Times as part of a content partnership agreement with the Post.[2] The liberal media watchdog group Fairness and Accuracy in Reporting (FAIR) issued an "Action Alert" in reaction to the story, saying that the Post had taken "special-interest 'propaganda' and passed it off as a news story."[3] Washington Post ombudsman Andrew Alexander, responded to what he described as an "uproar" from critics,[4] criticized his paper's "glaring lack of transparency" on the partnership and wrote that the piece "was not sufficiently balanced," but nonetheless defended The Fiscal Times partnership, writing that Peterson had told him that his funding of The Fiscal Times had "no strings attached."[5][6] FAIR also criticized the Post for publishing another Fiscal Times article that FAIR criticized as a "soft profile" of two members of the White House deficit reduction commission.[7] FAIR questioned whether the piece entertained "serious criticism of the ideas being advanced so far by the commission (cutting Social Security, most notably)."[7]

Celebrating the February 2010 launch of the website for The Fiscal Times, an article in "The Washington Scene" section of The Hill stated that it had received "rave reviews, with guests and journalists commending the site on its non-partisan, clearly numbers-based approach to reporting the news of money."[8] An article by the liberal AlterNet published the following month, by contrast, attacked The Fiscal Times as "Wall Street tycoon-funded" propaganda.[9]

Economist Dean Baker of the Center for Economic and Policy Research think tank wrote in April 2010 that the publication's news articles displayed pro-deficit-reduction bias.[10]

Staff[edit]

The Fiscal Times staff consists of several veteran reporters, including editor-in-chief Jackie Leo (former editor-in-chief for Reader's Digest); Washington editor Eric Pianin (former editor and budget reporter for the Washington Post); Yuval Rosenberg (former editor at Fortune); Maureen Mackey (former editor at Reader's Digest); Rob Garver (former editor at ProPublica); Mark Thoma (professor of economics at the University of Oregon); Patrick Smith (former Hong Kong (and then Tokyo) bureau chief for the International Herald Tribune); and columnist Ed Morrissey (blogger at the conservative Hot Air blog).[citation needed]

Partnerships[edit]

TFT has partnerships with a number of news organizations, including the Washington Post, which allows both publications to jointly produce as well as share content,[11] CNBC, Microsoft Windows 8, Bloomberg Terminal, Business Insider, MSN Money and Bankrate. In addition, TFT stories appear frequently on the Huffington Post and The Week.[citation needed]

Mission[edit]

The publication bills itself as "The Source for All Things Fiscal."[12] It adds that it is "part of a new era of independently supported non-partisan journalism" on fiscal policy, which "works to present fair, accurate and balanced reporting and serve as an honest broker in sorting through a broad range of viewpoints, including the federal budget, the growing deficit, entitlements, health care, personal savings, taxation, and the global economy."[13]

The Fiscal Times' advisory committee periodically meets with TFT editors to assess performance and progress in meeting its goals and standards. The Committee includes Robert D. Reischauer, president emeritus of the Urban Institute;[14] Drew Altman, CEO of the Henry J. Kaiser Family Foundation; Jim Brady, former executive editor of The Washington Post; Jodi T. Allen, senior editor of the Pew Research Center; and G. William Hoagland, senior vice president at the Bipartisan Policy Center.

References[edit]

  1. ^ Pérez-Peña, Richard (5 January 2010). "Sourcing of Article Awkward for Paper". New York Times. Retrieved 5 April 2011. 
  2. ^ Elaine S. Povich and Eric Pianin (31 December 2009). "Support grows for tackling nation's debt". The Washington Post. 
  3. ^ Washington Post Lets Lobbyists Write Its Stories Fairness and Accuracy in Reporting, 6 January 2010
  4. ^ Andy Alexander (11 January 2010). "The Post's alliance with Fiscal Times". The Washington Post. 
  5. ^ Andrew Alexander (10 January 2010). "A controversial Post partnership with The Fiscal Times". The Washington Post. 
  6. ^ Andy Alexander (11 January 2010). "The Post's alliance with Fiscal Times". The Washington Post. 
  7. ^ a b Peter Hart (21 June 2010). "The WaPo and Fiscal Times, Together Again". Fairness and Accuracy in Reporting. 
  8. ^ Wilkie, Christina (February 2010). "The Launch of the Fiscal Times". The Hill. Retrieved 5 April 2011. 
  9. ^ Skomarovsky, Matthew (28 March 2010). "Obama Packs Debt Commission with Social Security Looters". AlterNet. Retrieved 5 April 2011. 
  10. ^ Baker, Dean (20 June 2010). "Peter Peterson's Fiscal Times Blesses Deficit Reducers as Being Non-Ideological and Washington Post Concurs". Retrieved 5 April 2011. 
  11. ^ Grant, Drew (17 December 2009). "Fiscal Times Will Have Powerhouse Of Journos, Content". Retrieved 24 June 2014. 
  12. ^ The Fiscal Times to Launch in Early 2010 (December 17, 2009).
  13. ^ http://www.thefiscaltimes.com/Special-Features/documents/About-Us.aspx
  14. ^ "National Academy of Social Insurance". NASI. Retrieved 2 May 2013. 

External links[edit]