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The Fiscal Times is a New York-based online news organization that covers financial news and economic issues.

The Fiscal Times was founded and initially funded in late 2009 by Pete Peterson, an investment banker and former U.S. commerce secretary. The Times planned to launch as a nonprofit but registered as a for-profit organization in order to be able to write more opinionated pieces about candidates and bills.

The Times has two staff editors and dozens of contributing reporters and bloggers.

Though the Times claims to be editorially independent, its backing by Peterson, a fiscal conservative, has raised concerns about its independence.

The Times launched with a content-sharing agreement with The Washington Post, which ran its first article by the group in December 2009. That article, on a proposed bipartisan debt commission, was criticized for Peterson’s outspoken opposition to national debt, and for containing a quote by the director of an organization that receives funding from Peterson’s foundation. Critics admonished both organizations for a lack of transparency, but the partnership remains intact.

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Recent Nieman Lab coverage:
Feb. 26, 2010 / Jim Barnett
The news Good Housekeeping seal: What makes a nonprofit outlet legit? — With many new news organizations launching as nonprofits and many nonprofits moving into the news business, one has to wonder: Exactly where does journalism end and something else — call it spin, opinion, or advoca...
Jan. 11, 2010 / Jim Barnett
A cautionary tale: The Fiscal Times and Washington Post — Enterprise reporting partnerships with online news organizations are in vogue at major newspapers these days, and arguably no paper has been more aggressive in pursuing them than the Washington Post. But in his ombudsman...

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Primary author: Mark Coddington. Main text last updated: May 11, 2011.
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