Budget Battles
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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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Mnuchin: Relief Bill Will Be ‘Difficult’ Before Election
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Trump Undermines McConnell on Stimulus Plan
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Trump Faces a GOP Revolt Over Stimulus
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Trump's Big U-Turn: A $1.8 Trillion Stimulus Offer
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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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Court Rejects Trump Effort to Cut Food Stamps
By The Fiscal Times StaffA federal judge on Sunday rejected a Trump administration plan to cut $5.5 billion from the Supplemental Nutrition Assistance Program over the next five years. The proposed rule change would allow...
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Stimulus Deal or No Deal? Pelosi Sets Tuesday Deadline
By Michael RaineyIt may not have a made-for-TV theme song, but Nancy Pelosi’s ultimatum does pack some dramatic punch: 48 hours or we’re done. House Speaker Pelosi (D-CA) said Sunday that a deal must be reached...
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2021 Stimulus Size Hinges on Senate More Than President: Goldman Sachs
The election contest between President Trump and former vice president Joe Biden has been called the most consequential of our lifetime — and more voters say the race matters to them than in decades...
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US Deficit Soars to $3.1 Trillion
By Michael RaineyThe federal budget deficit topped $3.1 trillion in the 2020 fiscal year, the U.S. Treasury announced Friday, marking the largest annual deficit in U.S. history. As a share of the economy, the deficit...
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Pelosi Cites Progress, but Warns of Poison Pills in Stimulus Deal
House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin said after a nearly 90-minute negotiating session Thursday that they had made some progress toward a coronavirus relief package...
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McConnell Shoots Down Trump’s Call for Bigger Stimulus
President Trump said Thursday he’d agree to a coronavirus relief package larger than the $1.8 trillion his administration offered last week, but Senate Majority Leader Mitch McConnell quickly shot...
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Mnuchin: Relief Bill Will Be ‘Difficult’ Before Election
In case it wasn’t already clear that a new coronavirus relief bill probably isn’t coming before the election, just take a look at what Treasury Secretary Steven Mnuchin, who has been negotiating the...
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Why Big Deficits Are Here to Stay (for Now)
By Michael RaineyFrom billions in income supplements for households to trillions in guaranteed loans for businesses, fiscal policy has taken a central role in the government’s response to the Covid recession...
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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...