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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Deficit Jumps to $163 Billion in January
By The Fiscal Times StaffThe 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...
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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...
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Charts of the Day: The US Goes Big
By Michael RaineyIf 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...
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Poorest Americans Would Get Major Income Boost From Covid Relief Bill: Report
By Michael RaineyThree 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...
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Democrats Propose $3,600 Child Benefit
By Michael RaineyDemocrats 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...