Budget Battles
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Pelosi and Mnuchin's Last-Ditch Coronavirus Relief Talks
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Trump’s $750 Tax Bill
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Trump’s ‘Pinky Promise’ on Health Care
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Pelosi and Mnuchin Agree to Restart Stimulus Talks
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Top CEOs Call for 'Major' Coronavirus Stimulus
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Mnuchin, Powell Say Economy Needs More Coronavirus Aid
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The Shutdown Threat Just Got Real
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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...
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States Can Get by Without Additional Federal Aid
By Tracy C. MillerNational newspapers, including The Wall Street Journal and The New York Times , continue to publish news articles and editorials outlining the arguments for more federal aid to help state and local...
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Stimulus Talks Resume as Pelosi Trims Coronavirus Bill to $2.2 Trillion
By Michael RaineyHouse Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steve Mnuchin have resumed talks on a coronavirus relief bill after Democrats introduced a slimmed-down, $2.2 billion bill Monday evening...
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Economy Would Do Better Under Biden Than Trump: Moody’s
By Michael RaineyThe economy is widely seen to be a relative strength for President Trump, with voters giving him much higher approval ratings for his handling of economic issues than other areas. But a new analysis...
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Court OKs Lawsuit Over Trump’s Emergency Border Wall Spending
By Michael RaineyA federal court cleared the way Friday for a lawsuit by House Democrats challenging President Trump’s use of emergency powers to redirect billions in public funds toward border wall construction...
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Layoffs Keep Coming, 27 Weeks Into the Crisis
By Michael RaineyAbout 870,000 people filed for state unemployment benefits in the week ending September 19, the Labor Department said Thursday, a slight increase from the week before on a seasonally adjusted basis...
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Pelosi and Mnuchin Agree to Restart Stimulus Talks
Stalled coronavirus stimulus talks may be starting up again on Capitol Hill. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi (D-CA) both said Thursday that they have agreed to revive...
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Trump Admin Has Shifted Billions Toward Its Covid-19 Vaccine Effort: Report
The Trump administration has said that Operation Warp Speed, its push to develop a Covid-19 vaccine with unprecedented speed, is a $10 billion program funded by Congress, which also provided “other...
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GAO Calls for Use of Fiscal Rules and Targets to Corral the Debt
By The Fiscal Times StaffThe Government Accountability Office on Wednesday released a new analysis of the nation’s fiscal health, and the diagnosis is not good. “Our nation faces serious challenges at a time when the federal...
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Labor Market Still Struggling as Trump's Unemployment Aid Runs Out
By Michael RaineyMore than 857,000 workers filed initial jobless claims at the state level last week, the Labor Department announced Thursday, and another 839,000 filed first-time claims in the federal Pandemic...
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Deficit Hits $3 Trillion in 2020: CBO
By Michael RaineyThe federal budget deficit was $198 billion in August, the Congressional Budget Office projected on Wednesday, bringing the deficit for the first 11 months of the 2020 fiscal year to $3 trillion. The...
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Reducing National Debt Will Be ‘Big Second-Term Priority’ for Trump, White House Says
By Michael RaineyDonald Trump famously declared while running for president that he would eliminate the national debt during two terms in office. "We're not a rich country. We're a debtor nation,” Trump told The...
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McConnell to Force Vote on ‘Skinny’ Coronavirus Relief Bill
The Senate is back in session and lawmakers returning from the August recess are finally ready to jump into action and cement a long-delayed deal on the next coronavirus relief package. No, of course...
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70% of Americans Support Additional Coronavirus Payments: Survey
By Michael RaineyAlthough lawmakers and the Trump administration have been unable to agree on the next coronavirus relief package, which could potentially include stimulus checks, most Americans think the federal...