Newsletter Archive

September 2020

Pelosi Doubles Down on $2.2 Trillion Demand

House Speaker Nancy Pelosi indicated Thursday that Democrats will keep pressing for a coronavirus relief package of at least $2.2 trillion.

Plus: Plus - Grim milestone for unemployment

A New Attempt to Kickstart Stimulus Talks

Speaker Nancy Pelosi (D-CA) said Tuesday that the House, just back in session after its summer recess, won’t leave for the November elections until a deal is reached on another coronavirus relief package.

Plus: Plus, why Joe Biden wants to go big on stimulus

Biden’s Tax Plan: Who Really Pays More?

Joe Biden’s tax plan would have high earners paying significantly more, with the top 1% of households shouldering 80% of the increase while those earning less than $400 would see no change on average, according to a new analysis by the…

Plus: Plus, Trump's new move to lower drug prices

Trump’s Payroll Tax Plan Is a Flop

The plan, meant to boost workers’ incomes by allowing their employers to postpone collection of the 6.2% employee share of the tax funding Social Security, took effect at the beginning of the month. So far, though, big employers are…

Plus: Plus, US debt costs falling even as borrowing soars

Forget About a Stimulus Deal (for Now)

Senate Republicans on Thursday failed to advance their scaled-back coronavirus relief package, as Democrats blocked the roughly $650 billion plan, which they called woefully inadequate. House Democrats in May passed a $3 trillion package…

Plus: Plus, Seema Verma's spending

What Trump Knew and When He Knew It

President Trump acknowledged in early February that the coronavirus pandemic was more deadly than the flu and said in March that he was intentionally playing down the severity of the virus outbreak, according to recordings of interviews…

Plus: Plus: White House says cutting debt will be second-term priority

Social Security Trust Fund Battered by Coronavirus

Although Treasury Secretary Steven Mnuchin has expressed renewed interest in reaching a deal on the next coronavirus stimulus bill and even called House Speaker Nancy Pelosi (D-CA) yesterday to get the ball rolling again, the results so…

Plus: Plus - Government shutdown ahead?

Trump Wants a Deal on Relief Bill

Appearing before a House panel investigating the federal response to the coronavirus pandemic, Treasury Secretary Steven Mnuchin told lawmakers Tuesday that the White House is ready to renew the stalled negotiations over the next relief…

Plus: Plus - More stimulus checks?