Budget Battles
-
Dems Ready to Go It Alone on Massive Covid Relief Bill
-
Republicans Hammer Biden’s Big Stimulus Plan
-
Biden Unveils ‘Wartime’ Covid Response Plan
-
Biden Signs 17 Executive Actions on Day 1
-
Yellen Tells Congress to ‘Act Big’ to Rescue the Economy
-
Trump's Legacy: $7.8 Trillion Rise in Debt
-
Biden Unveils $1.9 Trillion ‘American Rescue Plan’
-
Investors Tell Washington: Don’t Worry About the Debt
With a growing number of lawmakers expressing concerns about another massive, deficit-financed Covid relief package and the historically large national debt, Politico’s Victoria Guida reports that...
-
The First Round of Coronavirus Relief Payments by the Numbers
The IRS has released a detailed breakdown of the more than $271 billion sent to Americans in the first round of “Economic Impact Payments” (more commonly known as stimulus checks). Some stats: Total...
-
Who Gets a Stimulus Check? Biden’s Willing to Negotiate
By Michael RaineyResponding to concerns from lawmakers about his proposed $1.9 trillion coronavirus relief plan, President Joe Biden said Monday that he’s willing to discuss the size and scope of the bill — including...
-
Democrats Ready to Go It Alone on Covid Relief Bill
By Michael RaineyDemocrats are moving ahead with a version of President Joe Biden’s $1.9 trillion relief and stimulus package that could pass without Republican support. Initial votes in the House and the Senate...
-
The Battle Over Biden’s Big Stimulus Plan
President Biden’s flurry of first-week executive orders comes as his $1.9 trillion proposal for the next coronavirus relief package faces intense Republican opposition, including from moderates whose...
-
Biden Signs New Executive Orders Meant to Provide ‘Critical Lifeline’ to Millions
By Michael RaineyPresident Joe Biden signed two new executive orders Friday, the latest in a series of actions intended to boost the fight against Covid-19, blunt the economic effects of the pandemic and reverse...
-
The Next Steps for Biden’s Stimulus Plan
The new administration and new Congress in Washington are quickly running into the same old debates about Covid relief. President Joe Biden has called for a $1.9 trillion pandemic aid package, but...
-
Biden Unveils ‘Wartime’ Covid Response Plan
By Michael RaineyIn his first full day in office, President Joe Biden rolled out a comprehensive plan to address the Covid-19 pandemic, releasing a 200-page document outlining his strategy while signing executive...
-
Biden Signs 17 Executive Actions on Day 1, With Promise of More to Come
President Biden signed a flurry of executive orders just hours after taking the oath of office on Wednesday, hastening to enact his agenda to address the coronavirus pandemic and to reverse Trump...
-
Yellen Tells Congress It’s Time to ‘Act Big’ to Rescue the Economy
Incoming Treasury Secretary Janet Yellen on Tuesday urged Congress to “act big” and deliver more relief to the pandemic-ravaged economy. As she sought to build support for the $1.9 trillion rescue...
-
2021 Deficit On Track to Total $2.3 Trillion: Budget Watchdog
The federal budget deficit for fiscal year 2021 is on track to total $2.3 trillion, or 10.4% of gross domestic product, lower than the record $3.1 trillion deficit last year but higher than any other...
-
Biden’s Covid Czar: We’ll Need Billions More to Fight Pandemic
By Michael RaineyPresident-elect Joe Biden has promised a more robust federal response to the Covid-19 pandemic, with a set of ambitious goals that include delivering 100 million vaccine shots in his first 100 days...
-
Unemployment Scams: ‘Largest Fraud Attack on the U.S. Ever’
By Michael RaineyAt least 10% of the $360 billion Congress provided for unemployment benefits in the Cares Act has been distributed improperly, mostly due to fraud, according to a preliminary analysis by the Office...
-
1.2 Million Unemployed Still Waiting for Benefits: Analysis
By Michael RaineyMillions of unemployed Americans will start receiving an additional $300 per week in jobless benefits, thanks to the $900 billion coronavirus relief bill signed into law on December 28. But about 1.2...
-
40% of Famers’ Income From Federal Government in 2020: USDA
By Michael RaineyAlthough total receipts dipped in 2020, American farmers are expected to record their highest net income in seven years – thanks in large part to payments from the federal government that accounted...