Budget Battles
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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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Virus Surge Could Wallop the Economy Again
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Mnuchin Pulls Plug on Emergency Covid-Relief Programs
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250,000 Dead. Where Are Trump, Pelosi and McConnell?
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Top CEOs Call for Covid Relief, Mask Mandate
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Biden Warns 'More People May Die' if Trump Refuses to Coordinate
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What Biden’s Pick of Yellen for Treasury Means for the Economy and Stimulus
Janet Yellen has had a long and distinguished career as an economist, from the halls of academia to the White House to the Federal Reserve. Her next job, as Neil Irwin suggests at The Upshot , may be...
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Trump Threatens to Veto Defense Bill
By Michael RaineyDespite 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...
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Most Americans Say the Country Needs More Covid Aid
By Michael RaineyA 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...
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Biden Backs Pelosi on Massive Stimulus Bill as Former Treasury Heads Call for More Aid
By Michael RaineyJoe 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...
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Mnuchin Defends Decision to End Emergency Lending Programs
By Michael RaineyTreasury 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...
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Virus Surge Could Wallop the Economy Again
By Michael RaineyAnalysts 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...
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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...
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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...
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White House Seeks Deal on Confederate Base Names: Report
By Michael RaineyLawmakers are hoping to pass the annual defense authorization bill before the end of the year, but a provision that requires the Pentagon to remove the names of Confederate leaders from military...
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250,000 Dead. Where Are Trump and Congress?
President Trump had no public events scheduled for Wednesday. It was the same on Tuesday, when The Washington Post’s Philip Bump noted that the president’s public calendar has been empty for 10 of...
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If the Recovery Is Self-Sustaining, Do We Need More Stimulus?
By Michael RaineyAs lawmakers continue to battle over the size and scope of the next coronavirus relief bill, some experts are wondering just how much help the economy really needs. While the White House continues to...
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Pelosi, Mnuchin Point Fingers as Coronavirus Stimulus Talks Stall
Satirical newspaper The Onion published a story Friday saying that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had announced they would be meeting to put the final touches on a 1...
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Jobless Claims Drop, but Remain Historically High
By Michael RaineyAbout 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’...
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GOP Worries Mnuchin Is Giving Away Too Much
By Michael RaineyHouse 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...
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OxyContin Maker Pleads Guilty, Will Pay $8.3 Billion
By Michael RaineyPurdue 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...