• 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...