Budget Battles
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Biden Unveils $1.9 Trillion ‘American Rescue Plan’
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Trump Impeached Again: What's Next?
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America’s Infrastructure Gap Will Hit $5.6 Trillion: Report
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Trump Impeachment Could Delay Biden Stimulus
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Biden Calls for Trillions More in Covid Relief
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Dems Pledge $2,000 Checks as Biden Agenda Gets a Boost
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Insurrection at the Capitol
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Biden Unveils $1.9 Trillion ‘American Rescue Plan’
President-elect Joe Biden on Thursday unveiled an economic relief package that calls for $1.9 trillion in aid, including money for $1,400 direct payments to most Americans as well as $350 billion in...
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Unemployment Claims Surge Along With the Coronavirus
By Michael RaineyAbout 965,000 people filed initial jobless claims in state unemployment systems last week, the Department of Labor announced Thursday. The new filings far exceeded economists’ expectations,...
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Democrats Plan a Major End Run Around the GOP
By Michael RaineyYou’ll probably be hearing a lot about “budget reconciliation” in the coming weeks, as Democrats work to pass a substantial spending package in the early days of the Biden administration. The term...
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America’s Infrastructure Gap to Hit $5.6 Trillion by 2039: Report
The gap between America’s projected infrastructure investment needs and its likely spending on those needs is projected to top $2.6 trillion by 2029 and more than $5.6 trillion by 2039, according to...
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Trump Administration Hands Republicans a Big Win on Medicaid Funding
By Michael RaineyThe Trump administration delivered a long-sought victory to Republicans late last week by approving a request from Tennessee to receive Medicaid funding as a block grant. As part of a 10-year “...
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Trump Impeachment Could Delay Biden Stimulus
By Michael RaineyPresident-elect Joe Biden’s plan to pass a multi-trillion-dollar stimulus package in the early days of his administration could get caught up with the looming impeachment of President Trump. House...
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Paycheck Protection Program Restarts
The Paycheck Protection Program reopened on Monday with $284 billion in funding authorized under the coronavirus relief package passed last month and revamped rules meant to get forgivable loans to...
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Deficit Hits $572 Billion for First Three Months of Fiscal 2021: CBO
The federal budget deficit for the first quarter of fiscal year 2021 totaled $572 billion, up $215 billion from the same period a year earlier, the Congressional Budget Office estimated on Monday...
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Jobs Recovery Falters in December
By Michael RaineyU.S. payrolls shrank by 140,000 in December, bringing the jobs expansion that started in April to a halt, the Department of Labor announced Friday. The job losses were concentrated in the leisure and...
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Biden Calls for Trillions More in Covid Relief
President-elect Joe Biden said Friday that he is working on a new multi-trillion-dollar coronavirus relief package that would include increasing the $600 direct payments provided in legislation...
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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...
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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...
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Georgia Runoff Elections Could Determine Next Stimulus — and Much More
Happy new year! We hope your 2021 is off to a good start. Here’s a look where things stand and some key dates ahead as we plow into the first year of the Biden administration and the 117 th Congress...
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McConnell Blocks $2,000 Covid Relief Checks
By Michael RaineySenate Majority Leader Mitch McConnell (R-KY) on Tuesday blocked an attempt by Democrats to pass a bill that would increase coronavirus relief payments from $600 to $2,000 for most Americans...
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Trump Caves, Signs $2.3 Trillion Year-End Covid Relief and Spending Package
After five days of drama and uncertainty created by his demands for the massive year-end Covid relief and government funding bill, President Trump on Sunday unexpectedly signed into law the package...