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Shutdown Deadline Looms Over COVID-19 Relief Talks
Congress
Shutdown Deadline Looms Over COVID-19 Relief Talks

WASHINGTON (AP) — Bearing down on a midnight shutdown deadline, top negotiators on a must-pass, almost $1 trillion COVID-19 economic relief package are committed to sealing an agreement Friday as they resolve remaining differences in hopes of passing the legislation... Read More

Close But Not Yet: Deal Near on COVID-19 Economic Aid Bill
Political News
Close But Not Yet: Deal Near on COVID-19 Economic Aid Bill

WASHINGTON (AP) — Congressional negotiators are closing in on a $900 billion COVID-19 economic relief package that would deliver additional help to businesses, $300-per-week jobless checks and $600 stimulus payments to most Americans. But there was no deal quite yet.... Read More

Bipartisan, Bicameral Lawmakers Circulate Details of COVID Relief Proposal
Congress
Bipartisan, Bicameral Lawmakers Circulate Details of COVID Relief Proposal
2020-12-09 19:28:41
by Dan McCue

WASHINGTON - A bipartisan group of lawmakers from both the House and Senate circulated details of the $908 billion coronavirus relief proposal, though significant hurdles to its passage remain. Among them is the fate of proposed aid to state and... Read More

Senators Split Over End to Fed Emergency Lending Programs
Economy
Senators Split Over End to Fed Emergency Lending Programs

WASHINGTON — Democrats and Republicans split on Treasury Secretary Steven Mnuchin's decision to end most of the emergency lending facilities established at the onset of the coronavirus pandemic at a Senate hearing Tuesday. "Even the Chamber of Commerce said that shutting down the emergency lending programs 'closes the door on important... Read More

Bicameral Coalition Endorses $908 Billion Bipartisan Proposal for COVID Relief
Congress
Bicameral Coalition Endorses $908 Billion Bipartisan Proposal for COVID Relief
2020-12-01 18:23:41
by Dan McCue

WASHINGTON - Republican and Democratic senators were joined by members of the House Problem Solvers conference Tuesday to endorse a $908 billion COVID economic relief bill they say should carry the nation into the early spring. The proposal, described by... Read More

White House Leaves Stimulus to Congress after Months of Impasse
Economy
White House Leaves Stimulus to Congress after Months of Impasse

WASHINGTON — The Trump administration is stepping back from negotiations on a new stimulus package and leaving it up to Senate Majority Leader Mitch McConnell to revive long-stalled talks with House Speaker Nancy Pelosi, according to people familiar with the situation. While the White House probably... Read More

Pelosi, White House Say Each 'Moving the Goalposts' on Stimulus
Economy
Pelosi, White House Say Each 'Moving the Goalposts' on Stimulus

House Speaker Nancy Pelosi said the chamber could pass a pandemic relief plan this week, though a deal with the White House remains elusive and the Republican-led Senate might not act before the Nov. 3 U.S. election. Pelosi and White House Chief of Staff Mark Meadows accused each other of "moving the... Read More

Mnuchin Virus Relief Plan Includes More State, Local Funds; House Delays Vote
Economy
Mnuchin Virus Relief Plan Includes More State, Local Funds; House Delays Vote

WASHINGTON — Treasury Secretary Steven Mnuchin offered a $1.62 trillion COVID-19 relief proposal in talks with Speaker Nancy Pelosi on Wednesday, offering more state and local assistance than GOP negotiators have to-date in a sign of potential progress toward a... Read More

Senate Votes to Advance Stopgap Spending Bill
Congress
Senate Votes to Advance Stopgap Spending Bill
2020-09-29 21:36:10
by Dan McCue

WASHINGTON - The Senate voted to advance a stopgap spending bill Tuesday night, the penultimate step to avoiding a government shutdown at midnight Wednesday. The vote to limit debate on the measure paves the way for a final vote in... Read More

After Labor Day, Senate Plans to Vote on ‘Skinny’ Coronavirus Stimulus Bill
Congress
After Labor Day, Senate Plans to Vote on ‘Skinny’ Coronavirus Stimulus Bill

Senate Republicans hope to vote next week on a so-called “skinny” coronavirus stimulus package even as the gap between the White House and Democrats remains as wide as ever. Sen. John Barrasso, R-Wyo., a close ally of Majority Leader Mitch... Read More

Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
Congress
Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
2020-09-01 21:40:47
by Tom Ramstack

WASHINGTON -- Members of Congress directed tough questions at the U.S. Treasury secretary Tuesday about fraud and abuse in the Trump administration’s coronavirus relief program. They said billions of dollars intended to protect jobs and family homes were being diverted... Read More

White House Agrees to Bipartisan Talks on Interim 'Paycheck Protection' Bill
Economy
White House Agrees to Bipartisan Talks on Interim 'Paycheck Protection' Bill
2020-04-10 18:40:40
by Dan McCue

WASHINGTON — The Trump administration agreed on Friday to pursue bipartisan talks with members of the House and Senate on an interim bill to boost funding to the federal government's $350 million "Paycheck Protection" program. Senate Minority Leader Chuck Schumer... Read More

Treasury Secretary Says US Economy Could Be Back in Business by May
Economy
Treasury Secretary Says US Economy Could Be Back in Business by May
2020-04-09 17:42:17
by Dan McCue

WASHINGTON - Treasury Secretary Steven Mnuchin said Thursday he believes the U.S. could reopen for business in May, following a near halt caused by the coronavirus outbreak. During an extended interview on CNBC's "Squawk on the Street" program, Mnuchin said... Read More

IRS Extends Tax Deadline 90 Days in Response to Coronavirus
In The News
IRS Extends Tax Deadline 90 Days in Response to Coronavirus
2020-03-17 21:57:58
by Dan McCue

WASHINGTON - The Trump administration announced Tuesday that individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline to July 15. The extension is an effort to inject... Read More

Federal Deficit Just Shy of $1 Trillion for 2019, Highest Since 2012
Federal Budget
Federal Deficit Just Shy of $1 Trillion for 2019, Highest Since 2012
2019-10-25 20:00:10
by Dan McCue

WASHINGTON - The federal deficit for fiscal year 2019 was $984 billion, $205 billion more than in the prior fiscal year, Treasury Secretary Steven Mnuchin announced Friday afternoon. The final accounting from the Treasury Department of the Office of Management... Read More

Trump Floats Mulvaney Replacements Including Mnuchin and Conway
White House
Trump Floats Mulvaney Replacements Including Mnuchin and Conway

WASHINGTON — Donald Trump has for weeks been privately testing the idea of replacing his chief of staff, Mick Mulvaney, who’s swiftly fallen out of favor with some of the president’s allies after high-profile stumbles handling the House impeachment inquiry.... Read More

Budget Deal Done, Blue Dogs Push For Serious Effort to Curb National Debt
Federal Budget
Budget Deal Done, Blue Dogs Push For Serious Effort to Curb National Debt
2019-07-26 15:23:46
by Dan McCue

WASHINGTON - The House on Thursday approved a deal to lift the nation's debt ceiling and raise caps set on federal spending for the next two years. But even as the votes were being cast on the measure, members of... Read More

Hoyer Hails Bipartisan Budget Deal Averting 'Brinksmanship' and Potential Crisis
Federal Budget
Hoyer Hails Bipartisan Budget Deal Averting 'Brinksmanship' and Potential Crisis
2019-07-23 20:40:31
by Dan McCue

WASHINGTON - House Majority Leader Steny Hoyer said Tuesday a bipartisan agreement on budget caps and the federal debt limits hashed out Monday night is an example of what can happen when elected officials "work together in good faith" for... Read More

Chairman Neal Issues Subpoenas for Trump Tax Returns
Congress
Chairman Neal Issues Subpoenas for Trump Tax Returns
2019-05-10 21:11:51
by Dan McCue

Representative Richard Neal, D-Mass., chairman of the House Ways and Means Committee Friday issued subpoenas for six years of President Donald Trump's tax returns. The subpoenas give Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig until 5 p.m. next... Read More

US-China Trade Talks Break Up With No Deal In Sight
In The News
US-China Trade Talks Break Up With No Deal In Sight
2019-05-10 20:28:57
by Dan McCue

High stakes trade talks between the United States and China ended Friday with no agreement in sight and mixed signals from the White House in regard to where things stand. In a pair of tweets sent shortly before the markets... Read More

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