House Democrats had approved $71 billion in assistance to homeowners and renters. The White House said it would agree to $60 billion. Now they'll get $0.
It is an abrupt reversal for Trump, who as recently as Saturday had voiced his support for another stimulus package.
Plus: Court says Subway sandwich bread isn't bread, Tennessee "abortion reversal" law blocked, and more...
Even without further spending increases, the Congressional Budget Office projects that the national debt will hit 107 percent of GDP in 2023.
Trump's farm bailouts have cost taxpayers more than $28 billion already, and he just announced another $14 billion in payments as part of his reelection pitch to farm-heavy states.
Plus: House votes to keep funding the government, DHS recalls intelligence reports, Jeff Bezos is starting a preschool, and more...
The fight to replace Ruth Bader Ginsburg reveals a long-degraded political culture.
The Congressional Budget Office warns that higher levels of debt will slow economic growth significantly in the years ahead.
Skyrocketing debt, higher borrowing costs, and a hobbled economy are predicted in the latest Congressional Budget Office report.
Biden is proposing about $3 trillion in new taxes, mostly on the rich, to pay for up to $11 trillion in new spending. That's a recipe for even bigger budget deficits.
The COVID-19 pandemic will strain some state budgets, but you shouldn't believe the predictions about catastrophic cuts.
Democrats are proposing $3 trillion.
The Congressional Budget Office says the deficit will hit $3.3 trillion this year. The national debt will exceed the size of America's gross domestic product for the first time since the end of World War II.
Whether Biden or Trump wins this November, we're in for big, unaffordable government. How much bigger and how unaffordable are the only real questions.
Abolishing fares could lead to even more federal aid for L.A. Metro, which has already received a $861.9 million bailout this year.
Annual federal spending grew by $940 billion under his signature, even before the coronavirus.
Plus: Uber, Lyft threaten to suspend California operations following court decision; New Zealand reimposes lockdown measures in response to new COVID-19 cases; and Kamala Harris's hawkish foreign policy
More spending means more debt and more future taxes.
Plus: Federal government spent $250 billion on expanded unemployment benefits, Joe Biden's V.P. pick is "imminent," and Ben Shapiro takes on Cardi B
There is no state that will weather the COVID-19 pandemic without making difficult decisions. But the revenue hit will be less severe in places that were being thrifty and vigilant.
Senate Republicans announced Monday that the federal government will pay an additional $200 per week in unemployment benefits. The $600 per week benefits boost will expire on July 31.
Plus: Gun groups for black Americans are growing, a promising new study on opening schools, and more...
White House brags about the supposed success of the coronavirus relief program are based on shoddy data.
When COVID-19 arrived in America, Uncle Sam was already deep in debt.
Even if it's true, taxpayers paid $58,000 for each saved job.
A program designed to keep workers on payrolls showered benefits on lobbyists, advocacy groups, and even members of Congress.
Debt held by the public equals about 100 percent of GDP. That's hurting growth and will fuel a major crisis.
Do you appreciate the incompetence, in-fighting, obstructionism, authoritarianism, and waste that you pay for?
As much as $1.4 billion might have been paid to deceased Americans. The IRS says that money must be returned.
We should celebrate our fandom on our own dime, and on our own property.
Members of Congress may have benefited from small business funds, and government watchdogs are warning that the program appears susceptible to fraud.
An economic response to COVID-19 that's fiscally responsible.
The Reason Roundtable discusses Federal Reserve Chair Jerome Powell's 60 Minutes admission, as well as the Libertarian Party presidential race post-Justin Amash
Most of the items included in the CDC's 2021 budget request are important, serious matters. But many have nothing to do with the agency's mission.
The new bill includes another round of stimulus checks for all Americans, funds additional coronavirus testing, and spends billions to bail out states and government agencies straining under pension debt.
Before spending another dollar, Congress should make sure someone is keeping an eye how the largest pile of government cash in American history is being spent.
New funding and new powers haven't made government bureaucracies more competent.
The libertarian-leaning congressman says the Paycheck Protection Program for small businesses discriminates against those that most need it.
It's obvious that there will be more government spending in response to the coronavirus, but distinguishing the essential from the nice-to-have is more important than ever.
"The more we lock down the economy, the more we harm those individuals who are most vulnerable, who don't have the cash cushions or the white-collar jobs that allow them to keep going."
The deal primarily sets aside $320 billion for the Paycheck Protection Program for small businesses.
And more coronavirus stimulus spending could send that number soaring higher.
Unclear terms, unrealistic loan forgiveness, a site unprepared for launch, and a bottomless demand for cash
Glenn Fine was abruptly removed from his post without explanation.
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