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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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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McConnell Plans Vote on Narrow Relief Package. Trump Says, ‘Go Big or Go Home!!!’
As the stalemate over another coronavirus relief package continues, these three things all happened on Tuesday: • Senate Majority Leader Mitch McConnell (R-KY) announced that the Senate will take up...
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Trump Faces a GOP Revolt Over Stimulus
The faint hopes that were raised last week for another coronavirus relief package faded very quickly, as congressional Republicans and Democrats both rejected a $1.8 trillion White House proposal,...
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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...