Fiscal policy

President Donald Trump prepares to sign four executive orders during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. Seizing the power of his podium and his pen, Trump on Saturday moved to bypass the nation's elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed.(AP Photo/Susan Walsh)
SKY News
August 09, 2020 - 5:33 pm
BRIDGEWATER, N.J. (AP) — President Donald Trump’s end run around Congress on coronavirus relief is raising questions about whether it would give Americans the economic lifeline he claims and appears certain to face legal challenges. Democrats called it a pre-election ploy that would burden cash-...
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House Speaker Nancy Pelosi of Calif., left, and Senate Minority Leader Sen. Chuck Schumer of N.Y., speak to the media, Tuesday, July 28, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
SKY News
July 28, 2020 - 7:24 pm
WASHINGTON (AP) — A day of shuttle diplomacy on Capitol Hill over a coronavirus aid package produced few results Tuesday, with stark differences between the $3 trillion proposal from Democrats and $1 trillion counteroffer from Republicans as millions of Americans' jobless benefits, school...
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President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Thursday, April 9, 2020, in Washington, as Vice President Mike Pence and Labor Secretary Eugene Scalia listen. (AP Photo/Andrew Harnik)
SKY News
April 09, 2020 - 9:48 pm
WASHINGTON (AP) — Hospitals taking money from the $2 trillion stimulus bill will have to agree not to send “surprise” medical bills to patients treated for COVID-19, the White House said Thursday. Surprise bills typically happen when a patient with health insurance gets treated at an out-of-network...
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President Donald Trump speaks during a coronavirus task force briefing in the Rose Garden of the White House, Sunday, March 29, 2020, in Washington. (AP Photo/Patrick Semansky)
SKY News
March 30, 2020 - 5:23 pm
WASHINGTON (AP) — Siding with public health experts' dire projections, President Donald Trump on Monday defended his decision to extend restrictive social distancing guidelines through the end of April, while bracing the nation for a coronavirus death toll that could exceed 100,000 people. “...
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Federal Reserve Chair Jerome H. Powell announces a half percentage point interest rate cut
Getty Images
SKY News
March 26, 2020 - 8:47 am
WASHINGTON (AP) — The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact of the coronavirus. The Commerce Department said Thursday in...
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This photo provided by the New York Stock Exchange shows trader Patrick Casey, left, and specialist Peter Mazza as they work on the trading floor on Friday, March 20, 2020. Stocks turned lower Friday after New York became the latest major state to mandate nearly all workers stay home to limit the spread of the new coronavirus. (Nicole Pereira/NYSE via AP)
SKY News
March 20, 2020 - 5:13 pm
Wall Street ended the week the same way it began: in full retreat from the coronavirus. Stocks fell sharply and the price of oil sank Friday as federal and state governments moved to shut down bigger and bigger swaths of the nation’s economy in the hope of limiting the spread of the outbreak. The...
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People walk among U.S. flags with the U.S. Capitol in the background, Sunday, March 15, 2020, in Washington. House Speaker Nancy Pelosi, D-Calif., said Congress has started work on a new coronavirus aid package after the one just approved by the House early Saturday. (AP Photo/Jacquelyn Martin)
SKY News
March 19, 2020 - 5:53 am
WASHINGTON (AP) — The fast-moving coronavirus upending every facet of American life is testing whether Washington, a capital city fractured by years of bitter partisanship and inaction, can still do big things. Not since the Great Recession of 2008, and before that the Sept. 11 attacks of 2001, has...
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Senate Majority Leader Mitch McConnell of Ky., walks back to his office on Capitol Hill in Washington, Tuesday, March 17, 2020. (AP Photo/Susan Walsh)
SKY News
March 18, 2020 - 1:39 pm
WASHINGTON (AP) — The Treasury Department said Wednesday it wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and...
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President Donald Trump, left, standing with Vice President Mike Pence and Treasury Secretary Steven Mnuchin, right, talks to reporters about the coronavirus outbreak on Tuesday, March 10, 2020, on Capitol Hill in Washington. (AP Photo/Susan Walsh)
SKY News
March 10, 2020 - 2:40 pm
WASHINGTON (AP) — President Donald Trump pitched his proposed payroll tax break Tuesday on Capitol Hill as pressure mounts on the administration and Congress to work more vigorously to contain the coronavirus outbreak and respond to the financial fallout. Trump's economic team joined in presenting...
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In this Friday, Feb. 14, 2020 photo, a truck leaves the docks at PortMiami in Miami. On Thursday, Feb. 27, the Commerce Department issues the second estimate of how the U.S. economy performed in the fourth quarter. (AP Photo/Wilfredo Lee)
SKY News
February 27, 2020 - 4:53 pm
WASHINGTON (AP) — The U.S. economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from the spreading coronavirus is likely depressing growth in the current quarter and for the rest of the year. The overall pace of growth in the October-December quarter was unchanged...
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