Budget Battles
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GOP Turns to Delay Tactics to Stall Covid Relief Bill
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Biden Agrees to Limit Covid Relief Payments
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Dems Debate Smaller Unemployment Checks
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Now It's the Senate's Turn on Stimulus
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Democrats Scramble to Save $15 Minimum Wage
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The US Is About to Get a New Top Tax Break
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150 Top Business Leaders Back Biden's Covid Plan
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Nagging Doubts About Biden’s Covid Relief Plan
By Michael RaineyEven as Senate Democrats prepare to push the $1.9 trillion Covid relief package over the finish line as soon as this weekend, some policy experts are still worried that the bill is poorly targeted,...
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GOP Turns to Delay Tactics to Stall Covid Relief Bill in Senate
The Senate on Thursday afternoon began what promises to be a lengthy debate over a modified version of President Joe Biden’s $1.9 trillion coronavirus relief package, with Senate Majority Leader...
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Biden Agrees to Limit Covid Relief Payments
By Michael RaineyIn a victory for moderate Democratic senators seeking to rein in the $1.9 trillion Covid relief bill, President Joe Biden agreed on Wednesday to tighten the income limits for the next round of...
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White House Pulls Tanden Nomination for Budget Office
The White House on Tuesday gave up its fight to have Neera Tanden lead the Office of Management and Budget, accepting the first Cabinet-level defeat for a Biden nominee. President Biden said in a...
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USPS, Census, Small Business Loans on ‘High Risk’ List: GAO
By Michael RaineyThe U.S. Postal Service, the Census Bureau and the Small Business Administration face serious challenges that need to be addressed by Congress and executive leadership, according to the latest “ High...
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Billions Wasted on Buildings and Vehicles in Afghanistan: Watchdog
By Michael RaineyThe federal watchdog monitoring U.S construction projects in Afghanistan has documented enormous waste in the war-torn country over the last decade and a half, including U.S.-financed hospitals that...
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Senate Democrats Still Debating Key Elements of Covid Rescue Plan
Democrats remain divided over some elements of the $1.9 trillion Covid relief plan, with centrists including Sen. Joe Manchin of West Virginia and Jeanne Shaheen of New Hampshire looking to cut back...
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How Much Aid Do State and Local Governments Really Need?
The $350 billion in state and local aid included in Democrats’ $1.9 trillion Covid relief package is proving to be another point of contention, even among Democrats. Several Democratic senators have...
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Stimulus Update: Senate Democrats Look to Overcome Divisions
Democrats’ sprint to pass a $1.9 trillion Covid relief package ahead of the March 14 expiration of enhanced unemployment benefits is more akin to a relay race. The House of Representatives, as...
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House Set to Pass Covid Relief Bill as Dems Scramble to Save $15 Minimum Wage
By Michael RaineyThe House is set to pass a $1.9 trillion Covid relief package late Friday, sending the legislation to the Senate for further consideration and almost certain revision. The bill includes a...
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Hedge Fund Billionaire Calls for Reform of American Capitalism
By Michael RaineyBillionaire Ray Dalio, the founder of hedge fund firm Bridgewater Associates, said Thursday that capitalism isn’t working for most Americans and warned that the growing gap between the haves and have...
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Month After Month, Our Politicians' Poor Financial Decision-Making Continues
By Sheila Weinberg, The Fiscal TimesWith the first quarter of the year now behind us, let’s take a moment to remember just how rocky a start it was. The federal government entered the year with a whimper, as a shutdown paralyzed...
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Dems Propose Plan Requiring Companies to Help Workers Save for Retirement
A new bill introduced by Sens. Chris Coons (D-DE) and presidential candidate Amy Klobuchar (D-MN) aims to address America’s retirement savings crisis by requiring businesses to pay at least 50 cents...
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Pelosi Says Dems Will Sue to Stop Trump’s Border Wall Plan
By Michael RaineySpeaker Nancy Pelosi (D-CA) announced Thursday that the House of Representatives intends to sue to stop President Trump from transferring already appropriated funds to build the border wall with...
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House Dems Skip Budget, Propose Big Spending Increase for 2020
House Democrats on Tuesday formally decided to skip releasing a budget resolution for fiscal 2020, instead releasing a proposal to increase spending by $358 billion over the next two years as an...