The Fiscal Times |

Op-Ed of the Day: The Case for Bailing Out Cities and States

Richard Ravitch helped save New York City from bankruptcy in the 1970s. He says there’s plenty of reason to now bail out cities and states facing financial crises as a result of the coronavirus...
Mnuchin Asks Fed to Return $455 Billion in Unspent Covid-Relief Funds

Treasury Secretary Steven Mnuchin on Thursday asked the Federal Reserve to allow a number of its emergency lending programs to expire as scheduled at the end of the year and return hundreds of...
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Jobless Claims Jump as Recovery Risks Grow

The pace of layoffs increased for the first time in five weeks, raising concerns about the economic damage being caused by the resurgent coronavirus. About 742,000 people filed initial jobless claims...

White House Seeks Deal on Confederate Base Names: Report

Lawmakers are hoping to pass the annual defense authorization bill before the end of the year, but a provision that requires the Pentagon to remove the names of Confederate leaders from military...
250,000 Dead. Where Are Trump and Congress?

President Trump had no public events scheduled for Wednesday. It was the same on Tuesday, when The Washington Post’s Philip Bump noted that the president’s public calendar has been empty for 10 of...
12 Million Americans Could Fall Off the ‘Jobless Benefits Cliff’: Report

About 12 million Americans will lose federal unemployment benefits at the end of the year if Congress fails to pass new legislation, according to a new report from the liberal-leaning Century...
Fauci Urges Covid Response Sharply Different From Trump's

The United States reported 166,045 new Covid-19 cases and 995 more virus-related deaths on Monday, according to data from Johns Hopkins University. The nation has now seen more than 100,000 new...
Angry at Vaccine Makers, Trump Pushes Plan to Lower Drug Prices

President Trump is angry that Pfizer and Moderna announced promising results for their Covid-19 vaccines after the election, The Washington Post’s Paige Winfield Cunningham reports , and is now...