Fiscal and Economic News from
Around the Nation

May 2021

Source: The Hill
May 19, 2021
Conservative Republicans Propose $14T in Cuts to Balance Budget
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Source: POLITICO
May 19, 2021
America’s Unemployment System Failed When It Was Needed Most. Can It Be Fixed?
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Source: The Hill
May 18, 2021
Senators Express Bipartisan Interest in Reviving Infrastructure Financing Tool
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Source: The New York Times
May 17, 2021
Government Help Blunted the Pandemic’s Financial Fallout, but It Still Hit Some Hard
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Source: Axios
May 17, 2021
Scoop: Yellen Wants Business to Help Foot Infrastructure Bill
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Source: The Washington Post
May 17, 2021
Child Cash Benefit Will Begin Hitting Millions of Parents’ Bank Accounts July 15
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Source: The New York Times
May 14, 2021
Consumer Spending Flattens After March Jump, a Sign of a Rocky Recovery
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Source: CNBC
May 13, 2021
U.S. Weekly Jobless Claims Fall
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Source: The New York Times
May 13, 2021
As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges
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Source: The New York Times
May 12, 2021
Biden Holds His First Meeting With the Top Four Congressional Leaders to Discuss Infrastructure
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Source: The New York Times
May 12, 2021
Consumer Prices Rose 4.2 Percent in April, Faster Than Economists Had Expected
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Source: The New York Times
May 10, 2021
The Biden Administration Will Begin Disbursing $350 Billion in State and Local Aid This Month
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Source: The Hill
May 10, 2021
CBO: Deficit Through April Hits $1.9 Trillion
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Source: The Washington Post
May 10, 2021
Recovery’s Stumbles Leave Americans Confronting Unfamiliar Inflation Risk
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Source: Roll Call
May 7, 2021
Yellen: Debt Limit Action May Be Needed This Summer
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Source: Reuters
May 6, 2021
Biden Willing to Accept 25% Corporate Tax Rate to Fund Spending Programs
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Source: The Hill
May 6, 2021
House to Advance Appropriations Bills in June, July
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Source: Yahoo Finance
May 6, 2021
Yellen Faces U.S. Debt-Limit Dance, With Covid Complications
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Source: Associated Press
May 6, 2021
US Unemployment Claims Fall to a Pandemic Low of 498,000
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Source: Associated Press
May 5, 2021
Treasury Warns of Need to Deal With National Debt Limit
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Source: The Washington Post
May 4, 2021
Yellen’s Comments on Inflation Spark Confusion, Clarification as White House Tries to Navigate Economic Pressures
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Source: Associated Press
May 3, 2021
McConnell Says GOP Open to $600 Billion for Infrastructure
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Source: Bloomberg
May 3, 2021
Treasury Quadruples Borrowing Estimates to Pay for Stimulus
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Source: Associated Press
May 2, 2021
Yellen: Biden’s Phased-In Spending Plan Won’t Fuel Inflation
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Source: The New York Times
May 1, 2021
Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds
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