Budget Battles
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Biden Calls for Urgent Action on $900B Stimulus Deal
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Stimulus Deal Gains Steam as McConnell, Pelosi Talk
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Pelosi and Schumer Make a Big Concession on Stimulus
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Senators Float $908 Billion Stimulus Compromise
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What Biden’s New Economic Team Says About His Agenda
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What Biden’s Pick of Yellen Means for the Economy and Stimulus
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Trump Threatens Veto of Defense Bill
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Biden Calls for Urgent Action on $900 Billion Stimulus Deal
President-elect Joe Biden on Friday called for “urgent action” on a coronavirus-relief package, indicating that lawmakers should pass a bipartisan compromise package as a “down payment” toward...
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Growing Chorus for Stimulus as Job Growth Slows
By Michael RaineyThe U.S. economy added a disappointing 245,000 jobs in November, the Labor Department announced Friday, the weakest job growth since the economy started recovering in May from the first wave of...
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Stimulus Deal Gains Steam as McConnell, Pelosi Talk
The prospects of a coronavirus relief bill of some sort passing before the end of the year picked up momentum on Thursday, as House Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Mitch...
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Trump Doubles Down on Veto Threat
By Michael RaineyDespite pushback from both sides of the aisle, President Trump on Thursday reiterated his threat to veto the annual National Defense Authorization Act if lawmakers fail to include in the bill a...
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Most Small Business Aid Went to Bigger Businesses: Report
By Michael RaineyThe Paycheck Protection Program was meant to help small businesses keep employees on the payroll for up to eight weeks at the height of the pandemic last spring and summer, but larger businesses...
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Congress Pushes Back on Trump’s Threat to Veto Defense Bill
By Michael RaineyIn a pair of tweets late Tuesday, President Trump threatened to veto the National Defense Authorization Act unless lawmakers repeal certain legal protections for social media companies. Trump claimed...
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Pelosi and Schumer Make a Big Concession on Stimulus
Coronavirus stimulus discussions saw some dramatic movement on Wednesday, but it’s not clear yet whether that will translate to real progress toward a deal. House Speaker Nancy Pelosi (D-CA) and...
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Centrist Senators Float $908 Billion Stimulus Deal
By Michael RaineyIn an effort to break the stalemate over the next coronavirus relief bill, a bipartisan group of lawmakers on Tuesday released the outline of an emergency spending package totaling $908 billion...
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Long Agenda, Little Time in Washington
By Michael RaineyLame-duck lawmakers returned to Washington this week with some major issues on their plate but just a few legislative days left to address them. Most pressingly, a short-term agreement to fund the...
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What Biden’s New Economic Team Signals About His Agenda
President-elect Joe Biden on Monday announced his picks for top members of his economic team, with choices that signal a strong focus on providing relief for a Covid-stricken economy and help for the...
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12 Million Americans Could Fall Off the ‘Jobless Benefits Cliff’: Report
By Michael RaineyAbout 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...
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Pentagon Fails Another Audit
By The Fiscal Times StaffThe 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...
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Talks to Keep the Government Open Advance, but No Signs of a Stimulus Deal
By Michael RaineyCongressional 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...
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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’...
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Pelosi Declares ‘Red Alert’ on Stimulus
By Michael RaineyHouse Speaker Nancy Pelosi (D-CA) on Friday called for a renewal of negotiations on the stalled Covid-19 relief bill, saying that Congress must act now as the virus surges again around the country. “...