Budget Battles
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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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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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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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Top CEOs Call for 'Major' Coronavirus Stimulus
The CEOs of some of the country’s largest companies say the outlook for their businesses has improved somewhat compared to last quarter, but that the government must provide “further major support”...
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House Passes Bill to Avert Shutdown
By Michael RaineyThe shutdown threat disappeared as quickly as it arrived. In a 359-to-57 vote Tuesday night, the House approved a continuing resolution to extend current funding levels through December 11 after...
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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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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...
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Pelosi Looks to Deliver $25 Billion for USPS
The House is set to vote Saturday on legislation that would block operational cutbacks to the United States Postal Service and add $25 billion in funding to help prop up the service ahead of the...
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Is Trump’s Unemployment Benefit Plan Legal?
By Michael RaineyThe White House scrambled earlier this week to clarify President Trump’s effort to provide extra weekly payments to unemployed workers, settling on the idea that the new program would provide workers...