The Fiscal Times |

Coronavirus Response Will Add $4 Trillion to US Debt, Goldman Sachs Says

Economists at Goldman Sachs say additional fiscal measures to support an economy battered by the coronavirus pandemic are likely to be necessary, and they expect those measures could add another $500...
White House Says Government Will Pay Hospitals for Coronavirus Care for Uninsured

The Trump administration sprung a couple of surprises last week: It said that it would not reopen the Obamacare exchanges for a special enrollment period that would allow more people to sign up for...
Second Coronavirus Relief Package Will Cost $192 Billion: CBO

A little more than two weeks ago, Congress hurriedly passed the Families First Coronavirus Response Act intended to ease the burden of the coronavirus pandemic, with provisions that expanded paid...

Small Businesses Scramble to Get Their Share of $350 Billion in Federal Aid

An aid program designed to help small businesses hurt by the coronavirus pandemic got off to a rough start Friday as banks struggled to implement the massive lending effort, a key part of the $2...
Pelosi: Americans Need Another Massive Aid Package

House Speaker Nancy Pelosi signaled a new direction Friday for the next phase of coronavirus aid , calling for more immediate assistance for American households and businesses rather than the broader...
States Prepare for Coronavirus Fiscal Storm

State budgets will be crushed by the coronavirus crisis as millions of workers and businesses stop paying taxes, says Josh Goodman of Pew Charitable Trusts. But state officials are going to have to...
Pelosi Announces Committee to Oversee Coronavirus Funds

House Speaker Nancy Pelosi on Thursday announced the creation of a special bipartisan committee to oversee the Trump administration’s coronavirus response and its handling of the $2 trillion economic...
10 Million Jobs Lost, and Millions More to Come

More than 6.6 million Americans applied for unemployment benefits last week as the coronavirus pandemic ground the economy to a halt, a staggering number that’s nearly double the record set the week...