Budget Battles
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Republicans Hammer Biden’s Big Stimulus Plan
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Biden Unveils ‘Wartime’ Covid Response Plan
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Biden Signs 17 Executive Actions on Day 1
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Yellen Tells Congress to ‘Act Big’ to Rescue the Economy
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Trump's Legacy: $7.8 Trillion Rise in Debt
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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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The Battle Over Biden’s Big Stimulus Plan
President Biden’s flurry of first-week executive orders comes as his $1.9 trillion proposal for the next coronavirus relief package faces intense Republican opposition, including from moderates whose...
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Biden Signs New Executive Orders Meant to Provide ‘Critical Lifeline’ to Millions
By Michael RaineyPresident Joe Biden signed two new executive orders Friday, the latest in a series of actions intended to boost the fight against Covid-19, blunt the economic effects of the pandemic and reverse...
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The Next Steps for Biden’s Stimulus Plan
The new administration and new Congress in Washington are quickly running into the same old debates about Covid relief. President Joe Biden has called for a $1.9 trillion pandemic aid package, but...
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Biden Unveils ‘Wartime’ Covid Response Plan
By Michael RaineyIn his first full day in office, President Joe Biden rolled out a comprehensive plan to address the Covid-19 pandemic, releasing a 200-page document outlining his strategy while signing executive...
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Biden Signs 17 Executive Actions on Day 1, With Promise of More to Come
President Biden signed a flurry of executive orders just hours after taking the oath of office on Wednesday, hastening to enact his agenda to address the coronavirus pandemic and to reverse Trump...
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Yellen Tells Congress It’s Time to ‘Act Big’ to Rescue the Economy
Incoming Treasury Secretary Janet Yellen on Tuesday urged Congress to “act big” and deliver more relief to the pandemic-ravaged economy. As she sought to build support for the $1.9 trillion rescue...
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Poll of the Day: About Those $600 Checks
By Michael RaineyMost Americans say the coronavirus stimulus money currently being disbursed by the U.S. Treasury won’t last more than a few weeks, according to a new survey from the personal finance website Bankrate...
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Why Biden’s Ambitious Covid Relief Plan Could Get Cut in Half
By Michael Rainey and Yuval RosenbergPresident-elect Joe Biden’s plan to “rescue” the American economy proposes $1.9 trillion in federal spending to fund a national vaccine program, boost unemployment benefits, provide additional direct...
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Orszag, Rubin and Stiglitz Call for a New Fiscal Framework
The consensus on the dangers of rising debt has shifted dramatically over the last decade. Economists have been reexamining how best to spur recovery and encourage wider-spread prosperity as...
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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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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...
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House GOP Blocks $2,000 Relief Checks Sought by Trump
In a final bit of pre-Christmas political theater, House Republicans on Thursday blocked an attempt by Democrats to approve the $2,000 stimulus payments President Trump demanded this week. After...