Budget
  • U.S. President Donald Trump holds a video call with U.S. military service members in the Oval Office on Christmas morning in Washington

    Trump Threatens to Veto Defense Bill

    By Michael Rainey

    Despite reports last week that the White House was looking to make a deal on the issue, President Donald Trump is threatening to veto the National Defense Authorization Act if it includes a provision...

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

    Most Americans Say the Country Needs More Covid Aid

    By Michael Rainey

    A substantial majority of Americans think more Covid-19 aid from the federal government is needed, according to new poll data from Pew Research. In a survey of U.S. adults conducted from November 12...

  • U.S. President-elect Biden speaks after meeting with transition coronavirus advisory board in Wilmington, Delaware

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

    By Michael Rainey

    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...

  • Coronavirus Taskforce briefing at the White House

    Mnuchin Defends Decision to End Emergency Lending Programs

    By Michael Rainey

    Treasury Secretary Steven Mnuchin on Friday defended his decision to terminate more than $450 billion worth of emergency lending programs that extended credit to businesses and local governments amid...

  • Virus Surge Could Wallop the Economy Again

    By Michael Rainey

    Analysts at JPMorgan Chase are predicting an economic contraction in the first quarter of 2021, driven by the fall surge of Covid-19 and new restrictions on businesses imposed by state and local...

  • Can Lawmakers Avoid a Fiscal Fiasco?

    Congress has until the end of September to fund the government for the next fiscal year and avoid another shutdown. It might have even less time to raise the government’s borrowing limit and avoid a...

  • White House economic adviser Larry Kudlow speaks during a meeting of the Economic Club of New York in New York

    Larry Kudlow Again Says That US Debt Isn’t a Problem

    By Michael Rainey

    Larry Kudlow, director of the National Economic Council, said Tuesday that in his view the $22.5 trillion national debt is not a pressing issue. "I don't see this as a huge problem at all right now...

  • The High-Stakes Budget Fight Ahead

    Lawmakers returning from their July 4th recess face a potentially messy fight over raising spending caps and the debt ceiling, even as battles over border and immigration policies continue — and an...

  • An overcrowded fenced area holding families at a Border Patrol station is seen in McAllen

    The Next Big Border Fight?

    In the last seven months, we’ve seen a 35-day government shutdown driven by disagreements over border wall funding and a congressional clash over a $4.5 billion emergency border funding bill. Now,...

  • A Bradley Fighting Vehicle is moved into place as July Fourth preparations continue at Lincoln Memorial in Washington

    Trump’s ‘Salute to America’ Sparks Fireworks on the 4th

    By Michael Rainey

    President Trump famously admired the nationalistic display of military might he witnessed in Paris on Bastille Day two years ago. “It was one of the greatest parades I’ve ever seen,” Trump said at a...