Budget
  • Unemployment claims are soaring as the coronavirus pandemic shuts down businesses.Unemployment Forms

    Jobless Claims Drop, but Remain Historically High

    By Michael Rainey

    About 787,000 people filed initial jobless claims in state unemployment programs last week, the Labor Department announced Thursday, a drop of 55,000 from the week before and well below analysts’...

  • Coronavirus Taskforce briefing at the White House

    GOP Worries Mnuchin Is Giving Away Too Much

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) said negotiators were “just about there” on the issue of funding testing and tracing programs for the coronavirus, a key provision in the relief bill she is trying...

  • FILE PHOTO: A pharmacist holds prescription painkiller OxyContin at a local pharmacy in Provo

    OxyContin Maker Pleads Guilty, Will Pay $8.3 Billion

    By Michael Rainey

    Purdue Pharma has agreed to plead guilty to federal criminal charges for its role in creating the opioid crisis, the Justice Department announced Wednesday. The OxyContin maker will pay $8.3 billion...

  • Trump’s Drug Discount Cards for Seniors Get Pushed Back

    By Michael Rainey

    The Trump administration plans to send $200 discount cards for prescription drugs to more than 30 million Medicare beneficiaries, but the White House is abandoning an effort to have them shipped out...

  • Trump holds a rally in Indiana

    Trump’s Farm Bailout Pumped $21 Billion Into GOP Counties

    By Michael Rainey

    More than 90% of the money disbursed by a program that compensates American farmers hurt by retaliatory tariffs during President Trump’s trade war with China was sent to counties that voted...

  • 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...

  • 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...