• 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...

  • GAO Calls for Use of Fiscal Rules and Targets to Corral the Debt

    By The Fiscal Times Staff

    The Government Accountability Office on Wednesday released a new analysis of the nation’s fiscal health, and the diagnosis is not good. “Our nation faces serious challenges at a time when the federal...

  • FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken

    Top CEOs Call for 'Major' Coronavirus Stimulus

    The CEOs of some of the country’s largest companies say the outlook for their businesses has improved somewhat compared to last quarter, but that the government must provide “further major support”...

  • 18. Washington

    House Passes Bill to Avert Shutdown

    By Michael Rainey

    The shutdown threat disappeared as quickly as it arrived. In a 359-to-57 vote Tuesday night, the House approved a continuing resolution to extend current funding levels through December 11 after...

  • Nancy Pelosi Weekly Press Conference

    Lawmakers Reach Deal to Avert Shutdown

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) said Tuesday evening that she had reached an agreement with Treasury Secretary Steven Mnuchin on a three-month funding deal that would avert a shutdown of the...

  • Pentagon Used Coronavirus Funds for Military Supplies: Report

    By Michael Rainey

    As part of the $2 trillion Cares Act in March, Congress allocated $1 billion to the Defense Department to help it “prevent, prepare for, and respond to coronavirus.” According to a Washington Post...