• 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...

  • 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...

  • House Financial Services Committee holds hearing on oversight of the Treasury Department's and Federal Reserve's coronavirus response on Capitol Hill in Washington

    Mnuchin, Powell Say Economy Needs More Coronavirus Aid

    Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell told lawmakers Tuesday that Congress’s early response to the coronavirus pandemic helped support the economy — but that more...