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Pelosi opens door to no August break for House if next coronavirus relief bill isn’t done

The California Democrat’s remarks suggest the possibility of an extended bargaining period with the Republican-run Senate and the White House over the next COVID-19 aid bill.

by Jonathan Nicholson
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Biden could use GOP budget trick to open door to ‘big things’ in 2021

Borrowing from the Republican playbook, Democrats could be pass two budgets in 2021 without fear of filibuster if they win the Senate in November.

by Jonathan Nicholson
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U.S. budget deficit soars to a record $864 billion in June on surge in coronavirus aid

The federal government’s budget deficit soared to a monthly record of $864 billion in June, as Washington doled out huge sums of money to try to aid small businesses and unemployed workers amid the coronavirus pandemic.

by Jeffry Bartash
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Pelosi skeptical of limiting new round of virus checks to people making less than $40,000

House Speaker Nancy Pelosi said Thursday she was unconvinced of the need to limit eligibility for another round of coronavirus economic aid checks to people making less than $40,000 annually, an idea that’s been broached b...

by Jonathan Nicholson
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Here’s what’s next in the battle over Trump’s tax returns after the Supreme Court’s decisions

Now that the Supreme Court has ruled that New York prosecutors may see President Donald Trump’s financial and tax records, will they soon be released to the public as well? It’s unlikely.

by Robert Schroeder
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Supreme Court rules Trump tax, financial records can be turned over to New York prosecutor, but rejects House Democrats’ bid

The Supreme Court on Thursday ruled that the Manhattan district attorney may access President Donald Trump’s financial and tax records, but rejected a similar effort by House Democrats.

by Robert Schroeder
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Pompeo says U.S. ‘looking at’ banning TikTok

The U.S. is considering banning Chinese social-media apps including TikTok, Secretary of State Mike Pompeo said Monday during an interview on Fox News.

by Robert Schroeder
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Health-care industry was top recipient of PPP loans, data show

The health-care industry was the top recipient of loans under the Paycheck Protection Program through the end of June, the Trump administration said Monday, as it released the names of more than 650,000 businesses that got...

by Robert Schroeder
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Bill extending Paycheck Protection Program gets Trump’s signature

The Democratic-run House on Wednesday OKs a bill that extends a federal government program that provides forgivable loans to small businesses hurt by the coronavirus crisis.

by Jonathan Nicholson
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After Confederate statues controversy, Native American lawmakers ask, ‘What about Jackson?’

Andrew Jackson, the seventh president of the United States, died in 1845. Tennessee gave a statue of him to the Capitol in 1928. But the conflict over his legacy continues today for Native Americans.

by Jonathan Nicholson
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House sends $1.5 trillion-plus infrastructure bill to reluctant Senate

The Democratic-led House of Representatives approved a massive infrastructure bill Wednesday, sending it to the Senate before lawmakers headed 澳门拉斯维加斯app下载home for the July 4 holiday.

by Jonathan Nicholson
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Mnuchin, Powell testify before House panel on coronavirus aid: live blog

Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell on Tuesday are testifying before the House Financial Services Committee, giving their latest assessment of the government’s response to the coron...

by Victor Reklaitis
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Fear of the coronavirus did more to keep people at 澳门拉斯维加斯app下载home than lockdowns, study says

The fear of catching the coronavirus has evidently played a much bigger role in consumers staying at 澳门拉斯维加斯app下载home and avoiding stores than government-ordered lockdowns, according to a new paper whose findings raise fresh questions...

by Jeffry Bartash
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Pressure builds on Senate Republicans to move in direction of $3 trillion coronavirus relief measure favored by Democrats

President Donald Trump’s weakness in the latest polls and other factors are seen as putting pressure on Senate Republicans to accept a larger coronavirus relief measure than they previously intended in the next package.

by Jonathan Nicholson
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House approves bill that would make District of Columbia the 51st state

Washington, D.C., would become the 51st state in the Union under a bill passed by the House of Representatives Friday along a mostly party-line vote.

by Jonathan Nicholson
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Watchdog says Washington’s growing swampier, even as coronavirus lockdowns let Congress climb off ‘hamster wheel of fundraising’

As the coronavirus crisis and nationwide protests shake up Washington, Issue One’s Meredith McGehee speaks with MarketWatch about the November elections, the government’s massive aid spending, racial inequalities and more.

by Victor Reklaitis
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Clayton says he’s ‘fully committed’ to SEC, sees ‘no need’ to focus on nomination to be top Manhattan prosecutor

Securities and Exchange Commission Chairman Jay Clayton testifies Thursday before a sub-panel of the Democratic-run House Financial Services Committee.

by Victor Reklaitis
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U.S. to hit Japan-like levels of government debt by 2050, budget group says

The level of U.S. government red ink is set to explode to more than twice the size of the entire economy in three decades, according to a prominent anti-deficit group.

by Jonathan Nicholson
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SEC’s regulatory work could be hamstrung by leadership change with Clayton set to exit, analyst says

The Securities and Exchange Commission is likely to be hampered by the Trump administration’s move to nominate SEC Chairman Jay Clayton for U.S. attorney for the Southern District of New York, according to one analyst.

by Victor Reklaitis
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Ocasio-Cortez thanks ‘TikTok teens’ she says ‘tricked’ Trump campaign

Donald Trump’s big campaign rally in Tulsa wasn’t quite as big as promised, with the man leading the president’s re-election efforts blaming the no-shows. But there was apparently something else at work.

by Shawn Langlois