Budget Battles
-
A Disturbing New Pandemic Record
-
Pelosi and Mnuchin Battle Over Stimulus Failure
-
What Trump and Biden Would Mean for Social Security
-
Trump Promises Best Stimulus Package Ever — After the Election
-
White House: 'We're Not Going to Control the Pandemic'
-
Pelosi, Mnuchin Point Fingers as Stimulus Talks Stall
-
GOP Worries Mnuchin Is Giving Away Too Much
-
When to Expect the Next Coronavirus Relief Bill
By Michael RaineyWhen can Americans expect to see the next coronavirus relief bill, which is expected to include as much as $2 trillion in aid for the unemployed, state and local governments, small businesses and...
-
Government Spending Still Providing Major Boost for Economy: Report
By Michael RaineyFiscal policies continued to have a powerful effect on the economy in the third quarter, boosting growth by 5.4 percentage points on an annualized basis, according to the latest Hutchins Center...
-
Pelosi and Mnuchin Battle Over Stimulus Failure
With five days to go before Election Day and no chance of a coronavirus relief package getting done before then, President Trump, House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven...
-
Stimulus Failure Sets Up Post-Election Clash
By Michael RaineyWith a coronavirus relief bill now pushed to the back burner, it looks like Congress will have to address two major fiscal issues in the lame-duck session following Election Day: the roughly $2...
-
Trump Promises Best Stimulus Package Ever — After the Election
President Trump predicted Tuesday that he’ll sign off on a coronavirus relief package after the election — and not just any relief package. “After the election, we’ll get the best stimulus package...
-
Wall Street Is Counting on More Government Spending
By Michael RaineyTraders on Wall Street are placing their bets on a “blue wave” come Election Day. While Joe Biden’s plan for higher taxes on business and the wealthy doesn’t sit well with many on Wall Street,...
-
Hopes Fade as Pelosi, Mnuchin Fail to Make a Deal on Stimulus
By Michael RaineyHouse Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke for nearly an hour Monday, but once again were unable to agree on terms for a massive new round of spending to boost the U.S...
-
If the Recovery Is Self-Sustaining, Do We Need More Stimulus?
By Michael RaineyAs lawmakers continue to battle over the size and scope of the next coronavirus relief bill, some experts are wondering just how much help the economy really needs. While the White House continues to...
-
Pelosi, Mnuchin Point Fingers as Coronavirus Stimulus Talks Stall
Satirical newspaper The Onion published a story Friday saying that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had announced they would be meeting to put the final touches on a 1...
-
Jobless Claims Drop, but Remain Historically High
By Michael RaineyAbout 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’...
-
Court OKs Lawsuit Over Trump’s Emergency Border Wall Spending
By Michael RaineyA federal court cleared the way Friday for a lawsuit by House Democrats challenging President Trump’s use of emergency powers to redirect billions in public funds toward border wall construction...
-
Layoffs Keep Coming, 27 Weeks Into the Crisis
By Michael RaineyAbout 870,000 people filed for state unemployment benefits in the week ending September 19, the Labor Department said Thursday, a slight increase from the week before on a seasonally adjusted basis...
-
Pelosi and Mnuchin Agree to Restart Stimulus Talks
Stalled coronavirus stimulus talks may be starting up again on Capitol Hill. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi (D-CA) both said Thursday that they have agreed to revive...
-
Trump Admin Has Shifted Billions Toward Its Covid-19 Vaccine Effort: Report
The Trump administration has said that Operation Warp Speed, its push to develop a Covid-19 vaccine with unprecedented speed, is a $10 billion program funded by Congress, which also provided “other...
-
GAO Calls for Use of Fiscal Rules and Targets to Corral the Debt
By The Fiscal Times StaffThe Government Accountability Office on Wednesday released a new analysis of the nation’s fiscal health, and the diagnosis is not good. “Our nation faces serious challenges at a time when the federal...