Budget Battles
-
Pelosi Sets Deadline for Stimulus Deal
-
US Deficit Soars to $3.1 Trillion
-
McConnell Rejects Trump’s Call for Bigger Stimulus
-
Mnuchin: Relief Bill Will Be ‘Difficult’ Before Election
-
Trump Undermines McConnell on Stimulus Plan
-
Trump Faces a GOP Revolt Over Stimulus
-
Trump's Big U-Turn: A $1.8 Trillion Stimulus Offer
-
Court Rejects Trump Effort to Cut Food Stamps
By The Fiscal Times StaffA federal judge on Sunday rejected a Trump administration plan to cut $5.5 billion from the Supplemental Nutrition Assistance Program over the next five years. The proposed rule change would allow...
-
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...
-
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...
-
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...
-
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...
-
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...
-
Mnuchin: Relief Bill Will Be ‘Difficult’ Before Election
In case it wasn’t already clear that a new coronavirus relief bill probably isn’t coming before the election, just take a look at what Treasury Secretary Steven Mnuchin, who has been negotiating the...
-
Why Big Deficits Are Here to Stay (for Now)
By Michael RaineyFrom billions in income supplements for households to trillions in guaranteed loans for businesses, fiscal policy has taken a central role in the government’s response to the Covid recession...
-
McConnell Plans Vote on Narrow Relief Package. Trump Says, ‘Go Big or Go Home!!!’
As the stalemate over another coronavirus relief package continues, these three things all happened on Tuesday: • Senate Majority Leader Mitch McConnell (R-KY) announced that the Senate will take up...
-
Trump Faces a GOP Revolt Over Stimulus
The faint hopes that were raised last week for another coronavirus relief package faded very quickly, as congressional Republicans and Democrats both rejected a $1.8 trillion White House proposal,...
-
No Deal on Trump's Border Wall as Lawmakers Scramble to Avoid a Shutdown
By Michael RaineyAs negotiations to avoid a partial government shutdown next week continue, Democratic lawmakers have rejected a Republican proposal to spend $5 billion on the border wall over two years. “No matter...
-
Clipping the Wings of Trump’s Space Force?
By Michael RaineyPentagon officials have been scrambling to come up with a plan for the creation of the Space Force as a new, independent branch of the military. But Marcus Weisgerber of Defense One says that the...
-
Farm Bill Deal Eliminates SNAP Work Requirements
By The Fiscal Times StaffLawmakers say they have reached a deal on the massive farm bill, which has been hung up for weeks over demands by President Trump and House Republicans for new work requirements for food stamp...
-
Paul Ryan Says the National Debt Is His Biggest Regret. See How It Grew Under His Watch.
Outgoing House Speaker Paul Ryan said Thursday that the ballooning national debt is his biggest regret. In an interview with The Washington Post , Ryan named the debt and immigration as the two...
-
Congress Fails to Take Even Modest Steps to Fix Budget Process
By Michael RaineyThe federal budget process is a mess and it’s likely going to stay that way for the foreseeable future, as a special bipartisan committee set up to improve the budget process failed on Thursday to...