The Fiscal Times

Biden Backs Pelosi on Massive Stimulus Bill as Former Treasury Heads Call for More Aid

Joe Biden is backing House Democrats in their effort to negotiate a multi-trillion-dollar coronavirus relief bill, according to a Biden representative Monday. “The President-elect fully supports the...
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...

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...
Pentagon Fails Another Audit

The U.S. Department of Defense failed its third-ever audit, officials said Monday, and it may be years before the Pentagon can achieve a clean report. Thomas Harker, the acting comptroller, said...
Talks to Keep the Government Open Advance, but No Signs of a Stimulus Deal

Congressional staffers are making progress in talks over an omnibus funding package for the federal government ahead of a December 11 deadline, Politico reported Tuesday. Appropriators are working on...
Biden Calls on Congress to Quickly Pass Large Coronavirus Stimulus Bill

President-elect Joe Biden on Monday called on Congress to quickly pass a major coronavirus-relief bill along the lines of the $3.4 trillion HEROES Act passed by the Democratic-led House in May. “We’...
Biden Warns 'More People May Die' if Trump Refuses to Coordinate

President-elect Joe Biden on Monday called for greater cooperation from the Trump White House in the effort to plan the distribution of vaccines for Covid-19 in the coming weeks and months. “They say...