Policy · 117th Congress
Tax revenue boom fuels steep budget deficit decline
Those figures suggest a less-than-$1 trillion deficit for the current fiscal year, dramatically undershooting prior forecasts by the CBO and White House budget office.
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Those figures suggest a less-than-$1 trillion deficit for the current fiscal year, dramatically undershooting prior forecasts by the CBO and White House budget office.
While the IRS typically enters tax season with a backlog of about 1 million unprocessed returns, that number is several times larger this year, according to Treasury officials, who couldn’t give
That’s nearly $1 trillion in additional debt that investors other than the Fed would need to buy compared with last year, when the comparable supply was $582 billion.
[jwp-video n=”1″] This week’s markup may be the easy part: While the Senate Environment and Public Works Committee approved a $312.4 billion highway bill on May 26, critics have blasted that
[jwp-video n=”1″] Additionally, the bill would cover 85 percent of the cost of continuing employer coverage for workers who left or lost their jobs under the program known as COBRA through September
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The law also includes $1 billion for airline contractors, $2 billion for airports and concessionaires, $14 billion for transit, $10 billion for state highways, $1 billion for Amtrak and $2 billion for
[jwp-video n=”1″] “Eight months later, as the pandemic rages on, we see small business after small business once again shuttering operations with no lifeline to hold on to until the vaccine
He has an easy enough vehicle to start with: Congress in October punted on a new highway bill, opting instead to extend the 2015 surface transportation law by a year, to Oct. 1, 2021.
recently passed a revised version of its COVID-19 package, which would increase the Federal Medical Assistance Percentage payments to state Medicaid programs by a total of 14 percentage points starting Oct. 1,
narrowed the gap, but talks still seem stalled with a $700 billion gulf between Democrats’ $2.2 trillion demand and the Trump administration’s latest offer of $1.5 trillion — considerably more than the $1
For comparison, affiliates of Alphabet Inc., Google’s parent company, have given the former vice president more than $1 million and Trump just under $30,000, while JPMorgan Chase & Co. affiliates have
[jwp-video n=”1″] The CDC eviction ban would go farther than the expired suspension enacted by Congress in March, which covered the 30 percent of renters who live in apartments with federally
The help would come as part of a series of measures that make up a $1 trillion plan to help address the current economic downturn by extending unemployment benefits and offering another round of
[jwp-video n=”1″] “It’s not enough to say, ‘thou shall not evict,’” said Rep. David E. Price, D-N.C., chairman of the Transportation-HUD Appropriations Subcommittee.
The House passed a COVID-19 relief bill (HR 6800) in May that would increase the FMAP bump for states to 14 percent from July 1, 2020 to June 30, 2021, then drop it back to the 6.2 percent bump until
. | The Government Accountability Office criticized the Trump administration’s handling of the coronavirus pandemic on multiple fronts Thursday, including the issuing of more than $1 billion in stimulus
[jwp-video n=”1″] In March, Congress provided states with $400 million as part of a roughly $2 trillion economic relief package (PL 116-136) to help them prepare for elections affected by the
Beyond the rocky rollout, over $1 billion went to publicly traded companies that still fell under the 500 employee cap.
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