Budget Battles
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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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US Deficit Soars to $3.1 Trillion
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McConnell Rejects Trump’s Call for Bigger Stimulus
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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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Trump’s Farm Bailout Pumped $21 Billion Into GOP Counties
By Michael RaineyMore than 90% of the money disbursed by a program that compensates American farmers hurt by retaliatory tariffs during President Trump’s trade war with China was sent to counties that voted...
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Pelosi Says Help Is On the Way, but When?
Help is on the way, House Speaker Nancy Pelosi (D-CA) said in an interview with MSNBC on Wednesday, referring to the coronavirus relief package she’s been negotiating with the White House. But she...
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Two New Polls Find Trouble for Trump on the Economy
As the Trump administration and House Speaker Nancy Pelosi (D-CA) scramble to see if they can reach a roughly $2 trillion stimulus deal — while Senate Republicans look to vote on a smaller, $500...
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McConnell Warns White House Against Pre-Election Stimulus Deal: Report
By Michael RaineyHouse Speaker Nancy Pelosi (D-CA) said Tuesday that lawmakers are moving ahead with a draft of a new coronavirus stimulus bill, despite a lack of agreement on some key provisions. Yet even as Pelosi...
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Job Growth Slows, Sparking New Worries About Economy
By Michael RaineyThe unemployment rate dropped to 7.9% in September, the Labor Department announced Friday, as total nonfarm payroll employment rose by 661,000 during the month. But what under normal circumstances...
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Pelosi: Trump’s Diagnosis Could Speed Stimulus Bill
House Speaker Nancy Pelosi (D-CA) suggested Friday that Trump’s diagnosis could help negotiators reach agreement on another coronavirus relief package. “This kind of changes the dynamic because here...
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Hopes Fade for Coronavirus Stimulus Package
By Michael RaineyHouse Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin spoke again Thursday as part of a last-ditch effort to reach an agreement on a coronavirus relief bill before Congress leaves...
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Senate Votes to Avert Shutdown
By The Fiscal Times StaffFacing a midnight deadline to avoid a government shutdown, the Senate on Wednesday evening passed a stopgap spending bill that will keep the lights on until December 11. The vote was 84-10. Passed by...
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House Stimulus Vote Delayed as Pelosi-Mnuchin Talks Continue
By Michael RaineyHouse Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin failed to reach an agreement on a coronavirus relief package Wednesday. Following a roughly 90-minute meeting — the first time...