• ‘Doomed to Fail’: Why a $4 Trillion Bailout May Not Be Enough

    By Michael Rainey

    The roughly $4 trillion spent in response to the coronavirus pandemic has become the costliest economic rescue effort in U.S. history, surpassing even the staggering cost of 18 years of war in...

  • A job seeker (L) talks with a corporate recruiter (R) as he peruses the man's resume at a Hire Our Heroes job fair targeting unemployed military veterans and sponsored by the Cable Show, a cable television industry trade show in Washington, June 11, 2013

    Job Growth Slows, Sparking New Worries About Economy

    By Michael Rainey

    The unemployment rate dropped to 7.9% in September, the Labor Department announced Friday, as total nonfarm payroll employment rose by 661,000 during the month. But what under normal circumstances...

  • Pelosi Covid Presser

    Pelosi: Trump’s Diagnosis Could Speed Stimulus Bill

    House Speaker Nancy Pelosi (D-CA) suggested Friday that Trump’s diagnosis could help negotiators reach agreement on another coronavirus relief package. “This kind of changes the dynamic because here...

  • Hopes Fade for Coronavirus Stimulus Package

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin spoke again Thursday as part of a last-ditch effort to reach an agreement on a coronavirus relief bill before Congress leaves...

  • 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...