Budget Battles
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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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A Deal to Avoid a Shutdown in October
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Pelosi Doubles Down on $2.2 Trillion Demand
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Trump Urges GOP to Go for ‘Much Higher Numbers’ on Covid Relief
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A New Attempt to Kickstart Stimulus Talks
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Biden’s Tax Plan: Who Really Pays More?
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Lawmakers Reach Deal to Avert Shutdown
By Michael RaineyHouse Speaker Nancy Pelosi (D-CA) said Tuesday evening that she had reached an agreement with Treasury Secretary Steven Mnuchin on a three-month funding deal that would avert a shutdown of the...
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Pentagon Used Coronavirus Funds for Military Supplies: Report
By Michael RaineyAs part of the $2 trillion Cares Act in March, Congress allocated $1 billion to the Defense Department to help it “prevent, prepare for, and respond to coronavirus.” According to a Washington Post...
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Mnuchin, Powell Say Economy Needs More Coronavirus Aid
Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell told lawmakers Tuesday that Congress’s early response to the coronavirus pandemic helped support the economy — but that more...
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Justice Dept. Labels Three Cities as 'Anarchy' Jurisdictions, Targets for Funding Cuts
The Justice Department said Monday that New York City, Seattle and Portland, Oregon, would be designated as jurisdictions “that have permitted violence and destruction of property,” opening up the...
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The Shutdown Threat Just Got Real
By Michael RaineyLast week’s tentative deal to prevent a shutdown of the federal government when the fiscal year ends at midnight on September 30 fell apart late Friday, with House Speaker Nancy Pelosi (D-CA)...
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Pandemic Legislation Will Boost GDP by 4.7% This Year: CBO
By Michael RaineyThe four major laws passed by Congress to address the coronavirus pandemic will boost real domestic gross product by 4.7% in 2020 and 3.1% in 2021, the Congressional Budget Office said Friday. The “...
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Judge Orders Halt to Changes at US Postal Service
By Michael RaineyChief Judge Stanley A. Bastian of the U.S. District Court for the Eastern District of Washington on Thursday night granted a request to block operational changes at the U.S. Postal Service...
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Lawmakers Back Off a Deal to Avoid a Shutdown in October
By Michael RaineyUPDATE : The Washington Post's Erica Werner is reporting that the tentative deal has fallen apart: "A possible deal on a stopgap spending bill to avert a pre-election government shutdown looked...
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Congress Still Doesn’t Have a Deal on Stopgap Spending Bill
Congress has just two major items on its agenda before the November elections: That stalled coronavirus relief deal and a must-pass stopgap spending bill to avoid a government shutdown after...
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Pelosi Doubles Down on Demand for $2.2 Trillion in Coronavirus Relief
House Speaker Nancy Pelosi indicated Thursday that Democrats will keep pressing for a coronavirus relief package of at least $2.2 trillion. “It's hard to see how we can go any lower when you only...
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Trump’s Payroll Tax Plan and Unemployment Boost Run Into Resistance
From the moment President Trump unveiled unilateral actions that he claimed would provide economic relief to those hurt by the coronavirus pandemic, there were questions about just how effective...
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Postmaster General Says He’ll Suspend Controversial Changes
Facing an outcry over his operational changes to the U.S. Postal Services and questions about the political implications of those changes, Postmaster General Louis DeJoy on Tuesday said he would halt...
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Pentagon Could Slash $2.2 Billion from Military Health Care
By The Fiscal Times StaffOfficials at the Defense Department have proposed to cut $2.2 billion from health care spending over the next five years, Politico reported Sunday. The proposed cuts are part of an initiative by...
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As Economists Warn About Faltering Stimulus, McConnell Not Sure There Will be Another Coronavirus Relief Bill
By Michael RaineySenate Majority Leader Mitch McConnell (R-KY) said Monday that while he thinks the country needs another coronavirus relief package, he’s not sure it will happen. "We do need another bill and I'm...
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Cities Brace for Coronavirus Budget Cuts
By Michael RaineyMany U.S. cities are experiencing a revenue crunch due to the coronavirus pandemic, forcing sharp budget cuts that will stretch into next year, according to a new analysis that will appear in the...