WASHINGTON — President Joe Biden will join Senate Democrats for a virtual lunch Tuesday to discuss his $1.9 trillion coronavirus rescue plan as Congress sets up votes to fast-track the sweeping aid package toward eventual approval with or without Republican support.
Biden […]
WASHINGTON — Janet Yellen was sworn in Tuesday as the nation’s 78th Treasury secretary and the first woman to hold the office.
She was sworn in by Vice President Kamala Harris at a ceremony performed outside on the East Landing of […]
WASHINGTON — President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies at a perilous time, according to a person […]
WASHINGTON — The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits.
The Treasury Department reported Thursday that the federal government ran up a record October deficit of $284.1 billion, double the red ink […]
WASHINGTON — The White House is backing a $400 per week pandemic jobless benefit and is dangling the possibility of a COVID-19 relief bill of $1.6 trillion as last-ditch, pre-election negotiations hit a critical phase Thursday.
The offer by Treasury Secretary […]
Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider,” beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S.
Oracle spokeswoman […]
WASHINGTON — A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment Friday, making it increasingly likely that Washington gridlock will mean more hardship for millions of people who are losing enhanced […]
WASHINGTON — After more than a week’s worth of meetings, at least some clarity is emerging in the bipartisan Washington talks on a huge COVID-19 response bill.
An exchange of offers Tuesday and a meeting devoted to the U.S. Postal Service […]
WASHINGTON — Frustrated Senate Republicans re-upped their complaints Tuesday that Democratic negotiators are taking too hard a line in talks on a sweeping coronavirus relief bill, but an afternoon negotiating session brought at least modest concessions from both sides, even […]
WASHINGTON — Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed Monday afternoon in the Capitol, with issues like food for the poor and aid to schools struggling to reopen safely assuming a higher profile in […]
WASHINGTON — The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year’s second quarter.
Treasury officials […]
WASHINGTON— With political pressure rising, talks on a huge coronavirus relief measure resumed on Saturday, focused on restoring a newly expired $600-per-week supplemental unemployment benefit, a fresh $1,200 direct payment to most Americans, and hundreds of billions of dollars in […]
WASHINGTON — Nearly 1.1 million coronavirus relief payments totaling some $1.4 billion went to dead people, a government watchdog reported Thursday. Legal and political issues hang over the misdirected taxpayer funds, the latest example of errors in massive aid being dispensed […]
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