Budget
  • Unemployment claims are soaring as the coronavirus pandemic shuts down businesses.Unemployment Forms

    Jobless Claims Drop, but Remain Historically High

    By Michael Rainey

    About 787,000 people filed initial jobless claims in state unemployment programs last week, the Labor Department announced Thursday, a drop of 55,000 from the week before and well below analysts’...

  • Coronavirus Taskforce briefing at the White House

    GOP Worries Mnuchin Is Giving Away Too Much

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) said negotiators were “just about there” on the issue of funding testing and tracing programs for the coronavirus, a key provision in the relief bill she is trying...

  • FILE PHOTO: A pharmacist holds prescription painkiller OxyContin at a local pharmacy in Provo

    OxyContin Maker Pleads Guilty, Will Pay $8.3 Billion

    By Michael Rainey

    Purdue Pharma has agreed to plead guilty to federal criminal charges for its role in creating the opioid crisis, the Justice Department announced Wednesday. The OxyContin maker will pay $8.3 billion...

  • Trump’s Drug Discount Cards for Seniors Get Pushed Back

    By Michael Rainey

    The Trump administration plans to send $200 discount cards for prescription drugs to more than 30 million Medicare beneficiaries, but the White House is abandoning an effort to have them shipped out...

  • Trump holds a rally in Indiana

    Trump’s Farm Bailout Pumped $21 Billion Into GOP Counties

    By Michael Rainey

    More than 90% of the money disbursed by a program that compensates American farmers hurt by retaliatory tariffs during President Trump’s trade war with China was sent to counties that voted...

  • Space Force to Be Part of the Air Force: Report

    By Michael Rainey

    Military leaders are planning to propose to house the Space Force within the U.S. Air Force, according to internal documents reviewed Thursday by Defense News . The Air Force would maintain oversight...

  • Trump Administration Moves to Tighten Work Requirements for Food Stamps

    By Michael Rainey

    The U.S. Department of Agriculture proposed a new rule Thursday that would make it harder for states to waive work requirements for some food stamp recipients. The proposal comes after stricter work...

  • U.S. President Trump arrives for an agriculture bill signing in Washington

    Trump Blows Up Budget Deal as Shutdown Looms

    By Michael Rainey

    A government shutdown at midnight Friday is looking more likely. Following a meeting Thursday at the White House, House Speaker Paul Ryan (R-WI) said President Trump will not sign the latest short-...

  • FILE PHOTO: Office of Management and Budget (OMB) Director Mick Mulvaney speaks to the media at the U.S. Consumer Financial Protection Bureau (CFPB), where he began work earlier in the day after being named acting director by U.S. President Donald Trump

    No Name Change for the Consumer Financial Protection Bureau

    By Michael Rainey

    It looks like the Consumer Financial Protection Bureau is sticking with its name. Back in March, former acting CFPB chief Mick Mulvaney – who is now serving as President Trump’s acting White House...

  • FILE PHOTO:  U.S. Senate Majority Leader Mitch McConnell speaks at a Harden County Republican party fundraiser in Elizabethtown, Kentucky, U.S. on June 30, 2017. REUTERS/Bryan Woolston/File Photo

    McConnell’s Plan to Avoid a Shutdown

    By Michael Rainey

    Senate Majority Leader Mitch McConnell (R-KY) on Wednesday introduced a short-term spending bill that would avert a partial government shutdown at midnight on Friday. The bill which would keep the...