• 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...

  • Pelosi Covid Presser

    Pelosi: Trump’s Diagnosis Could Speed Stimulus Bill

    House Speaker Nancy Pelosi (D-CA) suggested Friday that Trump’s diagnosis could help negotiators reach agreement on another coronavirus relief package. “This kind of changes the dynamic because here...

  • Hopes Fade for Coronavirus Stimulus Package

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin spoke again Thursday as part of a last-ditch effort to reach an agreement on a coronavirus relief bill before Congress leaves...

  • Dome of the U.S. Capitol Building

    Senate Votes to Avert Shutdown

    By The Fiscal Times Staff

    Facing a midnight deadline to avoid a government shutdown, the Senate on Wednesday evening passed a stopgap spending bill that will keep the lights on until December 11. The vote was 84-10. Passed by...

  • FILE PHOTO: U.S. Speaker of the House Pelosi participates in a TV interview on Capitol Hill in Washington

    House Stimulus Vote Delayed as Pelosi-Mnuchin Talks Continue

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin failed to reach an agreement on a coronavirus relief package Wednesday. Following a roughly 90-minute meeting — the first time...

  • States Can Get by Without Additional Federal Aid

    By Tracy C. Miller

    National newspapers, including The Wall Street Journal and The New York Times , continue to publish news articles and editorials outlining the arguments for more federal aid to help state and local...