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Senate Republicans negotiating spending levels for 2021 have accepted President Biden’s $1.5 trillion price tag for discretionary spending, and are now focused on allocating more of those funds toward defense spending. → Read More
Some congressional Democrats who forcefully advocated for emergency unemployment benefits earlier this year are now signaling they’re willing to let a weekly supplement expire in early September. → Read More
President Biden’s newly unveiled deal to end a long-standing trade dispute with Europe marks his first major success in overturning former President Trump’s trade legacy. → Read More
The Government Accountability Office on Tuesday ruled that President Biden’s move to freeze border wall funds did not violate budgetary law, angering Republicans. → Read More
Alaska, Iowa, Mississippi and Missouri this week emerged as a collective test case for whether cutting off federal unemployment benefits will help push people back into the job market or contribute to a slowdown in the economic recovery → Read More
House Democrats on Monday moved to advance the annual appropriations process for 2022 without a budget resolution. → Read More
In a mild improvement over the previous month, the labor market added 559,000 jobs in May, according to Labor Department data released Friday. → Read More
The private sector added a whopping 978,000 jobs in May, according to payroll comp → Read More
President Biden regularly fell on the hawkish side of fiscal debates during his decades-long Senate career, often going a step further than other centrist Democrats in his push to rein in deficits and debt. → Read More
Progressives on Friday pushed back on criticism of President Biden's budget plan, → Read More
President Biden on Friday proposed a budget that would entrench deficits in excess of $1 trillion for the next decade, pushing the nation’s debt burden to record highs. → Read More
The Personal Consumption Expenditures price index, a key measure of inflation, rose 0.6 percent in April, according to Commerce Department data released Friday, higher than t → Read More
President Biden’s budget proposal sets the government to take on an expanded role in the economy for years to come, underscoring the White House’s desire to push forward with progressive policies that would reform taxes and the social safety net. → Read More
Weekly initial unemployment claims continued their steady downward trend in the third week of May, hitting a new pandemic low of a seasonally adjusted 406,000, a drop of 38,000, or 8.6 percent, from the previous week. → Read More
President Biden is set to propose a budget totaling $6 trillion in the coming days, The New York Times → Read More
CLEVELAND—President Biden faces a dilemma on whether to lift tariffs on steel and aluminum imports imposed on the European Union by the Trump administration. → Read More
Hello and happy Wednesday, and welcome back to On The Money. I'm Niv Elis, filling in for Sylvan Lane, with your nightly guide to everything affecting your bills, bank account and bottom line. → Read More
House Small Business Committee Chair Nydia Velazquez (D-N.Y.) on Wednesday slammed Treasury Secretary Janet Yellen for failing to appear before the committee during a hearing on the Small Business Administration's COVID-19 programs. → Read More
Hello and happy Tuesday, and welcome back to On The Money. I'm Niv Elis, filling in for Sylvan Lane, with your nightly guide to everything affecting your bills, bank account and bottom line. → Read More
Sen. Elizabeth Warren on Tuesday told Federal Reserve Vice Chairman for Supervision Randal Quarles that she was recommending President Biden replace him when his term ends later this year. → Read More