Newsletter Archive

July 2020

Time to Defund the Pentagon?

Treasury Secretary Steven Mnuchin on Friday called on Congress to work with the Trump administration to pass additional coronavirus relief legislation by the end of the month and suggested that lawmakers should consider blanket forgiveness…

Plus: Plus - Urgent calls for more relief spending

Trump Demands a Payroll Tax Cut: Report

House Speaker Nancy Pelosi said Thursday that the next coronavirus relief bill, which is expected to include some kind of extension of the $600 per week unemployment supplement, would cost at least $1.3 trillion — but that amount is “not…

Plus: Plus, Pelosi says $1.3 trillion 'not enough' for next aid bill

Trump's Dismal Polling on Coronavirus Response

Approval of President Trump's handling of the coronavirus pandemic has fallen to its lowest level since March, according to a new Quinnipiac University poll. A sizeable majority of registered voters, 62%, say the president is hurting…

Plus: Plus, Bernanke warns Congress on next coronavirus aid bill

The Unemployment Emergency Ahead

With the $600-a-week federal boost to unemployment benefits set to expire later this month, potentially leaving millions of Americans facing a financial crunch, some senior Trump administration officials have begun signaling that they’d go…

Plus: Plus - Biden's $2 trillion green energy plan

Millionaires Say: Tax Us More to Pay for Pandemic

President Trump threatened last week to cut off funding to schools that don’t reopen in the fall and Education Secretary Betsy DeVos told Fox News yesterday that public schools that don't reopen should not get federal money. But top White…

Plus: Plus, Trump is open to more aid for schools, Kudlow says

Trump Threatens ‘Radical Left’ Universities

President Trump on Friday continued to put pressure on American schools, charging that "too many" universities are about "radical left indoctrination" rather than education. As a result, the president said, he was instructing the Treasury…

Plus: Plus, June's soaring deficit

Trump Threatens to Cut Off Funding if Schools Don’t Reopen

President Trump threatened to cut off federal funding for schools that don’t restart in-person classes by the fall and assailed Centers for Disease Control and Prevention guidelines for reopening schools, calling them “very tough,” …

Plus: Plus, Dems want a $250 billion spending boost

McConnell Open to More Stimulus Checks, for Some

Senate Majority Leader Mitch McConnell (R-KY) on Monday outlined the key elements he’d want to have included in the next coronavirus relief bill, opening the door to more direct payments to Americans making up to $40,000 a year and again…

Plus: Plus, who got big bucks through small business rescue?

Coronavirus Will Scar the Economy for Years

While serious negotiations on the next possible coronavirus stimulus package won’t begin until Congress returns to Washington on July 20, some analysts think the strong June jobs report may make it easier for Republican lawmakers and the…

Plus: Plus - The decline of the IRS

Coronavirus Will Scar the Economy for Years

The U.S. economy added 4.8 million jobs in June, the Department of Labor announced Friday, marking the second month in a row with better than expected employment data. The jobless rate fell to 11.1%, down from 13.3% in May and 14.7% in…

Plus: Plus - The decline of the IRS