Budget Battles
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Trump Promises Best Stimulus Package Ever — After the Election
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White House: 'We're Not Going to Control the Pandemic'
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Pelosi, Mnuchin Point Fingers as Stimulus Talks Stall
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GOP Worries Mnuchin Is Giving Away Too Much
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Pelosi Says Help Is On the Way, but When?
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McConnell Warns Trump Against Pre-Election Stimulus Deal
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Pelosi Sets Deadline for Stimulus Deal
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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...
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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...
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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,...
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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...
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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...
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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...
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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’...
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GOP Worries Mnuchin Is Giving Away Too Much
By Michael RaineyHouse 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...
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OxyContin Maker Pleads Guilty, Will Pay $8.3 Billion
By Michael RaineyPurdue 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...
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Trump’s Drug Discount Cards for Seniors Get Pushed Back
By Michael RaineyThe 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...
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Stimulus Deal or No Deal? Pelosi Sets Tuesday Deadline
By Michael RaineyIt may not have a made-for-TV theme song, but Nancy Pelosi’s ultimatum does pack some dramatic punch: 48 hours or we’re done. House Speaker Pelosi (D-CA) said Sunday that a deal must be reached...
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2021 Stimulus Size Hinges on Senate More Than President: Goldman Sachs
The election contest between President Trump and former vice president Joe Biden has been called the most consequential of our lifetime — and more voters say the race matters to them than in decades...
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US Deficit Soars to $3.1 Trillion
By Michael RaineyThe federal budget deficit topped $3.1 trillion in the 2020 fiscal year, the U.S. Treasury announced Friday, marking the largest annual deficit in U.S. history. As a share of the economy, the deficit...
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Pelosi Cites Progress, but Warns of Poison Pills in Stimulus Deal
House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin said after a nearly 90-minute negotiating session Thursday that they had made some progress toward a coronavirus relief package...
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McConnell Shoots Down Trump’s Call for Bigger Stimulus
President Trump said Thursday he’d agree to a coronavirus relief package larger than the $1.8 trillion his administration offered last week, but Senate Majority Leader Mitch McConnell quickly shot...