The Fiscal Times |

Newsletter

The Scramble Is On to Send Millions of Coronavirus Checks

Congress last week approved legislation to send millions of Americans coronavirus relief payments and Treasury Secretary Steven Mnuchin said Sunday that the money would start arriving “within three...
Trump Will Not Reopen Obamacare Exchanges

President Trump has decided not to reopen the state-level health insurance exchanges run by the federal government, a White House aide said Tuesday. No reason for the decision was given, Politico...
Economic Outlook Has Grown Even Darker, Goldman Sachs Says

The economy is expected to shrink at an annualized rate of 34% in the second quarter this year, according to the latest estimate from economists at Goldman Sachs. The new analysis paints a darker...

Pelosi Floats Stimulus Idea That Would Benefit High Earners

House Speaker Nancy Pelosi has floated another suggestion for the next round of fiscal stimulus: A retroactive rollback of the 2017 Republican tax law’s limit on state and local tax deductions. In an...
Trump's ‘Big & Bold’ Idea for the Next Stimulus Bill

As lawmakers set their sights on a fiscal stimulus plan to follow their $2 trillion coronavirus relief package, President Trump on Tuesday said that a $2 trillion infrastructure program should be...
Chart of the Day: The Massive Response to the Coronavirus

The world has never seen anything like the current fiscal and monetary response to the coronavirus epidemic, says Gavyn Davies of the Financial Times, and the U.S. taking some of the most aggressive...
What’s After the $2 Trillion Rescue? Pelosi Plans a Big Stimulus

President Trump signed a $2 trillion coronavirus relief bill into law on Friday — the largest such package in U.S. history. Now, officials are already looking ahead to the next phase of emergency...
Insurance Rates Could Spike 40% Next Year: Report

The coronavirus pandemic could cost commercial insurers in the U.S. anywhere from $34 billion to $251 billion, and possibly more, according to a new analysis by Covered California, which runs that...