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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Lawmakers Unveil $908 Billion Coronavirus Relief Package Split Into Two Bills
By Michael RaineyA bipartisan group of lawmakers on Monday unveiled the details of their $908 billion plan to provide emergency relief for the U.S. economy. Speaking at a press conference in Washington, Sen. Joe...
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Senate Passes One-Week Funding Bill to Avert a Shutdown
The Senate on Friday approved a one-week stopgap bill to fund the government and avoid a partial shutdown after midnight, buying lawmakers more time to negotiate a coronavirus relief plan and...
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Defying Trump, Senate Passes Defense Bill
By Michael RaineyIn defiance of a veto threat from President Trump, the Senate on Friday easily passed the $741 billion National Defense Authorization Act for fiscal year 2021. Following an overwhelming 335-78 result...
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McConnell Deals a Blow to Covid Relief Talks
Senate Majority Leader Mitch McConnell has called himself the “grim reaper,” relishing his role in killing off the legislative priorities of Democrats led by House Speaker Nancy Pelosi. McConnell may...
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Rand Paul Delays Defense Bill, Raising Risk of Shutdown
By Michael RaineyThe House passed the $741 billion National Defense Authorization Act on Tuesday with enough votes to overcome a threatened veto by President Trump, and the Senate was expected to follow suit in short...