• The U.S. Capitol dome is seen in Washington

    Deficit Jumps to $163 Billion in January

    By The Fiscal Times Staff

    The federal budget deficit rose sharply to $163 billion in January, the Treasury Department announced Wednesday, as the government pumped more money into an economy still suffering from the effects...

  • FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken

    Democrats Roll Out Plan for $1,400 Relief Payments

    Democrats are moving ahead with their plans to send $1,400 coronavirus relief payments to millions of Americans. House Democrats on Monday rolled out their proposal, which calls for sending the full...

  • Charts of the Day: The US Goes Big

    By Michael Rainey

    If signed into law, President Biden’s $1.9 trillion Covid relief package will be “the second-largest injection of federal cash in U.S. history,” second only to the $2.2 trillion Cares Act last March...

  • Poorest Americans Would Get Major Income Boost From Covid Relief Bill: Report

    By Michael Rainey

    Three provisions in the legislation released this week by the House Ways and Means Committee would provide a 33% income boost on average for the poorest 20% of Americans, according to an analysis by...

  • Children in shadow

    Democrats Propose $3,600 Child Benefit

    By Michael Rainey

    Democrats are proposing to expand the Child Tax Credit to provide as much as $3,600 per child to millions of families as part of President Biden’s $1.9 trillion Covid relief package. The legislation...