The Fiscal Times |

McConnell Warns White House Against Pre-Election Stimulus Deal: Report

House Speaker Nancy Pelosi (D-CA) said Tuesday that lawmakers are moving ahead with a draft of a new coronavirus stimulus bill, despite a lack of agreement on some key provisions. Yet even as Pelosi...
Court Rejects Trump Effort to Cut Food Stamps

A federal judge on Sunday rejected a Trump administration plan to cut $5.5 billion from the Supplemental Nutrition Assistance Program over the next five years. The proposed rule change would allow...
Stimulus Deal or No Deal? Pelosi Sets Tuesday Deadline

It may not have a made-for-TV theme song, but Nancy Pelosi’s ultimatum does pack some dramatic punch: 48 hours or we’re done. House Speaker Pelosi (D-CA) said Sunday that a deal must be reached...

2021 Stimulus Size Hinges on Senate More Than President: Goldman Sachs

The election contest between President Trump and former vice president Joe Biden has been called the most consequential of our lifetime — and more voters say the race matters to them than in decades...
Most Americans Don’t Want Protections for Pre-Existing Conditions Overturned

President Trump insists that he has a plan to protect people with pre-existing conditions if the Supreme Court invalidates the Affordable Care Act – something that could happen just after the...
US Deficit Soars to $3.1 Trillion

The federal budget deficit topped $3.1 trillion in the 2020 fiscal year, the U.S. Treasury announced Friday, marking the largest annual deficit in U.S. history. As a share of the economy, the deficit...
Pelosi Cites Progress, but Warns of Poison Pills in Stimulus Deal

House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin said after a nearly 90-minute negotiating session Thursday that they had made some progress toward a coronavirus relief package...
Biden Tax Plan Would Raise $2.4 Trillion Over a Decade: TPC

Updating its analysis of Joe Biden’s tax proposals, the centrist Tax Policy Center said Thursday that the former vice president’s plans would generate about $2.4 trillion over 10 years. The new...