The Fiscal Times | Page 2 |

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Tax Day Delay Shrinks Budget Deficit in July

The federal budget deficit dropped sharply in July, coming in at a mere $68 billion, down from the eye-popping $864 billion recorded in June, the Treasury Department said Wednesday. The huge decline...
Trump’s Unemployment Plan Would Provide an Extra $300 per Week: White House

President Trump’s effort to replace a portion of the now-expired $600 per week in supplemental unemployment benefits has produced lots of questions about the size and scope of the program. Following...
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State and Local Cutbacks Will Cost Millions of Jobs, Reduce GDP: Report

State and local governments are reducing services and laying off workers, and unless the federal government steps in with a substantial aid package the cutbacks will drag on U.S. economic growth and...

Time-Traveling Tax Breaks, Thanks to Coronavirus

The coronavirus relief package signed into law in March gave money-losing companies the right to carry losses backward for up to five years, a move intended to help cash-strapped firms struggling...
Trump’s Executive Actions on Coronavirus Leave Many Questions Unanswered

President Trump said the series of executive orders he signed on Saturday were intended to bypass stalled negotiations in Congress and deliver some economic relief to millions of Americans hurt by...
Trump Readies Executive Orders as Coronavirus Relief Talks Collapse

That thud you heard today was the coronavirus relief talks collapsing, as negotiators said their latest meeting brought them no closer to a deal. “Unfortunately we did not make any progress,”...
1.8 Million Jobs Added in July, but Recovery Slows

The U.S. economy added 1.8 million jobs in July, the Labor Department said Friday, and the unemployment rate dropped to 10.2%, down from 11.1% the month before. The jobs number beat consensus...
Jobless Claims Fall to Lowest Level Since March

Initial claims for state unemployment benefits fell to about 1.2 million on a seasonally adjusted basis in the week ending August 1, the lowest weekly tally since mid-March. An additional 656,000...