Budget
  • Restaurants and retail stores in Des Moines' East Village have been forced to close their doors because of the coronavirus on

    An Unprecedented Collapse for the U.S. Economy

    By Michael Rainey

    The U.S. economy in the second quarter shrank at the fastest pace on record by some measures, with gross domestic product falling by 9.5% on a quarterly basis as businesses closed and millions of...

  • U.S. Senate Majority Leader McConnell waits for a subway car  in the U.S. Capitol in Washington

    Coronavirus Negoitiations: Plan B, as in Bust

    Plan A went nowhere fast. Plan B isn’t looking much better. With congressional negotiations on a coronavirus aid package at an impasse, lawmakers scrambled Thursday to take steps toward addressing...

  • US soldiers prepare a M1 Abrams tank to offload from a train at the Mihail Kogalniceanu Air Base

    Thousands of US Troops Leaving Germany

    By Michael Rainey

    Nearly 12,000 U.S. soldiers will be pulled out of Germany, the Department of Defense said Wednesday, reducing the U.S. deployment in the key NATO ally from 36,000 to 24,000. About 5,600 soldiers will...

  • Dome of the U.S. Capitol Building

    Republican Relief Bill Would Cost $1.1 Trillion: Report

    By Michael Rainey

    The coronavirus relief bill released by Senate Republicans this week would cost roughly $1.1 trillion over the next 10 years, according to an analysis by the Committee for a Responsible Federal...

  • Are Fiscal Hawks Returning to Roost in Washington?

    By Michael Rainey

    After years of relative quiet under a Republican president who slashed taxes and ramped up spending, fiscal conservatives are pushing back against a GOP proposal to spend more than $1 trillion to aid...