Budget Battles
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Dems Ready to Go It Alone on Massive Covid Relief Bill
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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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Democrats Ready to Go It Alone on Covid Relief Bill
By Michael RaineyDemocrats are moving ahead with a version of President Joe Biden’s $1.9 trillion relief and stimulus package that could pass without Republican support. Initial votes in the House and the Senate...
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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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Airlines Get $15 Billion in Aid — or $500,000 for Each Rehired Worker
By Michael RaineyThe new Covid-19 relief package will give U.S. airlines $15 billion, with the money intended to be used to bring about 32,000 workers back onto payrolls. But the airline business is in terrible shape...
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Biden Promises to Pursue Another Big Stimulus, Including Checks
President-elect Joe Biden on Tuesday praised Congress for passing the relief bill, but he said the package is “far from perfect” and reiterated that he sees it as just a “down payment” on an...
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Too Little, Too Late? Covid Relief Bill Meets Its Critics
As expected, the House and Senate both passed the $900 billion coronavirus relief package and a $1.4 trillion catchall spending bill on Monday night. The House approved the measures by a 359-53 vote...
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Congress Set to Pass $900 Billion Covid Relief Deal and $1.4 Trillion Spending Package
By Yuval Rosenberg and Michael RaineyMore help, at long last, is on the way. After months of partisan gridlock and inaction — even as hundreds of thousands of Americans were dying due to Covid-19 and millions more were falling into...
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Covid Relief Talks Hit Another Snag
By Michael Rainey and Yuval RosenbergCongress is cutting it close as lawmakers scramble to avoid a government shutdown just after midnight. The House on Friday evening passed a two-day stopgap measure that would prevent government...