Fiscal and Economic News from
Around the Nation

May 2020

Source: CNBC
May 20, 2020
New 20-Year Bond Met with Strong Reception as U.S. Moves to Extend Time to Pay Debt
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Source: The New York Times
May 19, 2020
Mnuchin and Powell Warn of Economic Scarring, and Offer Divergent Solutions
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Source: Roll Call
May 19, 2020
Post-COVID Economic Recovery Expected to Be Slow, CBO Says
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Source: CNBC
May 19, 2020
CBO Projects 38% Drop in GDP, $2.1 Trillion Increase in the Deficit
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Source: Reuters
May 19, 2020
Republican Senators Put Brakes on Additional Coronavirus Aid
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Source: AP News
May 19, 2020
Fed’s Powell Says New Lending Programs to Launch by June 1
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Source: Marketplace
May 19, 2020
Treasury Offers New Guidance on PPP Loan Forgiveness
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Source: Roll Call
May 18, 2020
State, Local Virus Aid Bill Gains Bipartisan Momentum
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Source: Bloomberg
May 18, 2020
Powell Says Will Use Full Range of Tools to Support Economy
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Source: AP News
May 18, 2020
Report: Treasury Fund to Ease Virus Crisis Off to Slow Start
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Source: The New York Times
May 17, 2020
Fed Chair Says Economic Recovery May ‘Stretch’ Through End of 2021
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Source: POLITICO
May 17, 2020
Coronavirus Could Push Social Security to Insolvency Before 2030
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Source: NPR
May 15, 2020
House Passes $3 Trillion Coronavirus Relief Bill that Has Dim Future
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Source: AP News
May 15, 2020
Democrats Push $3T Coronavirus Relief Bill Toward House OK
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Source: The Hill
May 14, 2020
McConnell: 'High Likelihood' that Congress Will Need to Pass Fifth Coronavirus Bill
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Source: Roll Call
May 14, 2020
Democrats, Eyeing GOP, Extend but Don’t Top Up Jobless Benefit
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Source: The New York Times
May 14, 2020
Poor Americans Hit Hardest by Job Losses Amid Lockdowns, Fed Says
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Source: Reuters
May 14, 2020
Trump Is Open to More Coronavirus Stimulus, but Not Democrats' Plan: White House
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Source: The New York Times
May 14, 2020
As Unemployment Soars, Lawmakers Push to Cover Workers’ Wages
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Source: AP News
May 14, 2020
As Coronavirus Rolls On, Republicans Hit ‘Pause’ on New Aid
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Source: NPR
May 14, 2020
36.5 Million Have Filed for Unemployment in Eight Weeks
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Source: NPR
May 13, 2020
Fed Chief Says More Relief Spending May Be 'Costly, but Worth It'
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Source: AP News
May 13, 2020
GOP Senators Give Democrats’ $3T Relief Bill a Cold Shoulder
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Source: Axios
May 13, 2020
Coronavirus Likely Forced 27 Million off Their Health Insurance
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Source: Bloomberg
May 12, 2020
Fed Officials Warn of Risk of Widespread Business Failures
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