Newsletter Archive

June 2020

Trump Wants $1 Trillion for Infrastructure

A draft of the plan is being prepared by the Department of Transportation, Bloomberg reported, and it focuses on typical infrastructure projects such as road and bridge construction over a 10-year period, though it also includes money for…

Plus: Plus, voters don't want unemployment benefits cut

Conservatives Say It’s Time to Stop Spending on Coronavirus Relief

A group of more than 140 top economists, including former Federal Reserve chairs Ben Bernanke and Janet Yellen as well as Nobel laureates and former chairs of the Council of Economic Advisers, is calling on Congress to pass another…

Plus: But top economists say Congress must do more

Trump Wants ‘At Least $2 Trillion’ More in Coronavirus Relief

Treasury Secretary Steven Mnuchin said late last week that it was premature to speculate about the size of the next coronavirus relief package. “Before we rush back and spend more money, whether that’s a trillion dollars or whether that’s…

Plus: Plus, Dems press for PPP details

Drugmakers Accused of Multibillion-Dollar Fraud

Campaign officials refused requests from the Times for details about Biden’s roster of economic advisers, but they confirmed that the presumptive Democratic presidential nominee gets regular briefings from at least three establishment…

Plus: Plus, Biden's secretive economic brain trust

Mnuchin: More Stimulus ‘Definitely’ Needed

“I definitely think we are going to need another bipartisan legislation to put more money into the economy,” Mnuchin said at a hearing of the Senate Small Business and Entrepreneurship Committee. He later added: “We absolutely believe…

Plus: Plus, the budget deficit soars

The GOP’s Big Bet on a Quick Coronavirus Recovery

The U.S. Senate is in session for the rest of the month, but several top Senate Republicans said Monday that they don’t expect to take up any “phase four” package of pandemic relief until after their two-week-long July 4th recess.

Plus: Plus, your Tuesday news roundup

Trump and Biden Agree on Police Defunding

As "defund the police" has become a rallying cry for protestors, with activists and some politicians looking to build on a wave of support for the movement, President Trump has in recent days rejected the idea — and tried to turn it to his…

Plus: Plus: The recession is now official

Trump and Biden Agree on Police Defunding

"There won't be defunding, there won't be dismantling of our police and there is not going to be any disbanding of our police. Our police have been letting us live in peace, and we want to make sure we don’t have any bad actors in there,"…

Plus: Plus: The recession is now official

Trump Touts ‘Rocket Ship’ Recovery

President Trump hailed the numbers, touting them as an indication of a strong economic rebound from the coronavirus pandemic, a salve that would heal the racial tensions on display across the country over the last week and “affirmation of…

Plus: Plus, what the shockingly strong jobs report means

Does the US Spend Too Much on Police?

Continuing claims rose by 649,000 over the previous week, for a total of 21.5 million. Adding independent contractors, the number of people receiving unemployment benefits comes to roughly 30 million.

Plus: Plus, the GOP on unemployment benefits