The federal government spent $1.1 trillion last month, shattering the record for the highest monthly spending ever, and sending the deficit soaring to $2.7 trillion so far this fiscal year, the Treasury Department reported Monday, Before this year, the highest monthly total was $439.8 billion, spent last May. But the last three months have easily…
Lawmakers have passed trillions of dollars in rescue legislation while the Fed has crossed into ... [+] uncharted territory. Getty With job losses caused by the coronavirus pandemic reaching more than 36 million in just two months, the economy is in uncharted territory. Businesses across the country are shuttered and entire industries are in hot…
WASHINGTON (Reuters) - The U.S. House of Representatives is set on Friday to debate and vote on a $3 trillion Democratic bill aimed at salving the heavy human and economic toll of the coronavirus pandemic that has caused almost 85,000 U.S. deaths and shut much of the economy. FILE PHOTO: Police officers wearing face masks…
The House of Representatives will vote on Friday on a Covid-19 aid package with a price tag of more than $3 trillion and a historic rules change to allow lawmakers to vote remotely during the pandemic.
The federal government shattered the record for monthly deficits in April, ending the month $737 billion in the red, according to preliminary projections by the Congressional Budget Office. April is usually the government’s best month, with income tax payments due. Indeed, last April the Treasury posted a $160 billion surplus, making this year’s monthly deficit…
U.S.|Grand Juror in Breonna Taylor Case Says Deliberations Were MisrepresentedThe Kentucky attorney general’s office said it would release the panel’s recordings after a grand juror contended in a court filing that its discussions were inaccurately characterized.Breonna Taylor's family and the lawyer Ben Crump, right, said the charges a Kentucky grand jury agreed upon in the…
(John Finney Photography/Moment/Getty Images) An abnormally bad season of weather may have had a significant impact on the death toll from both World War I and the 1918 Spanish flu pandemic, according to new research, with many more lives being lost due to torrential rain and plummeting temperatures. Through a detailed analysis of an ice…