• 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...

  • U.S. House Speaker Pelosi holds coronavirus response news conference on Capitol Hill in Washington

    Stimulus Talks Resume as Pelosi Trims Coronavirus Bill to $2.2 Trillion

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steve Mnuchin have resumed talks on a coronavirus relief bill after Democrats introduced a slimmed-down, $2.2 billion bill Monday evening...

  • Economy Would Do Better Under Biden Than Trump: Moody’s

    By Michael Rainey

    The economy is widely seen to be a relative strength for President Trump, with voters giving him much higher approval ratings for his handling of economic issues than other areas. But a new analysis...

  • Investigators Flag Billions in Questionable Small Business Aid

    By The Fiscal Times Staff

    The Paycheck Protection Program lent more than $1 billion to small businesses that violated the rules of the program, a House investigative committee said Tuesday. In a preliminary report ,...

  • House Small Business Committee in Washington, DC

    Mnuchin Says Trump Wants a Deal on Covid Relief

    By Michael Rainey

    Appearing before a House panel investigating the federal response to the coronavirus pandemic, Treasury Secretary Steven Mnuchin told lawmakers Tuesday that the White House is ready to renew the...

  • Steel beams on the draw span, which needs replacement, are shown on the Arlington Memorial Bridge in Washington.

    Once Again, Infrastructure?

    By Michael Rainey

    Real interest rates are negative, which means the federal government is essentially getting paid to borrow money right now, once inflation is taken into account. Writing at Bloomberg Monday, Wall...

  • Biden Eyes Trillion-Dollar Stimulus as Negotiations Hit a Wall

    By Michael Rainey

    September is just around the corner, but the impending arrival of fall has done little to inspire lawmakers and the Trump administration to come to an agreement on the next coronavirus stimulus bill...

  • 2015 Lamborghini Veneno Roadster - $4.5 million

    $62 Million in Small Business Aid Fraud Just the ‘Tip of the Iceberg’

    By Michael Rainey

    From $52,000 watches to six-figure Italian sports cars, some crooks are making it easy to detect fraud in the Paycheck Protection Program, a $525 billion effort to help small businesses remain open...