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Senate Democrats may drop backup plan to raise minimum wage

It’s now unclear whether the final bill will include a minimum wage hike.
The House passed a COVID relief bill over the weekend that does include a provision for raising the minimum wage to $15 an hour.
Brendan Smialowski/AFP via Getty Images

Senate approves budget resolution, key step in passing Biden's COVID plan

Feb 5, 2021
The action came after an all-night session, where senators voted on amendments that could define the eventual bill.
Senate Majority Leader Chuck Schumer, D-N.Y., (left) and Senate Democratic Whip Dick Durbin, D-Ill., at a press conference at the Capitol on Feb. 2, 2021 in Washington.
Olivier Douliery/AFP via Getty Images

A Democratic Senate could mean big economic policy changes

Jan 7, 2021
A unified Democratic government might approve more stimulus, aid to states and tax hikes to fund health, education and green energy.
Jon Ossoff, left, and Raphael Warnock campaign with President-elect Joe Biden in Atlanta. With the victories of Ossoff and Warnock, Democrats will control the Senate.
Chip Somodevilla/Getty Images

Bigger relief deal in a Democrat-led Senate is a "safe bet"

Jan 6, 2021
Two economists weigh in on what a Democrat-led Senate might mean for a stimulus package.
Democratic Sen.-elect Raphael Warnock, former Georgia legislator Stacey Abrams and Democratic Sen.-elect Jon Ossoff listen to President-elect Joe Biden speak during a campaign rally in Atlanta.
Drew Angerer/Getty Images

Who donated to Georgia runoff campaigns?

Most of the money from Wall Street went to Republican PACs.
Democrat Jon Ossoff has raised the most money in direct donations to candidates so far, according to the latest Federal Election Commission reports.
Megan Varner/Getty Images

How should we spend future pandemic relief money?

Dec 2, 2020
Economic recovery could take a range of different approaches. Check out these three experts' ideas.
Sen. Joe Manchin, Democrat of West Virginia, hands a poster describing a proposal for a COVID-19 relief bill to Sen. Mark Warner, Democrat of Virginia, alongside a bipartisan group of Democrat and Republican members of Congress as they announce the proposal on Dec. 1, 2020.
Saul Loeb/AFP via Getty Images

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With a divided government likely, chances of a big economic relief plan wane

Nov 4, 2020
As the pandemic continues, it may fall to the Federal Reserve to find more ways to boost the economy.
House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell in July. A divided government will make it harder to pass COVID-19 relief, which has already been a challenge for politicians.
Brendan Smialowski/Getty Images

How the election will shape economic policy before inauguration

Nov 3, 2020
Analysts predict the outcome of the election will play a key role in what legislation makes it through the legislative process before the end of this year.
David Daley, author of "Unrigged: How Americans Are Battling Back to Save Democracy," says gerrymandering has allowed some politicians to safely ignore the will of voters.
Jessica McGowan/Getty Images

Senate passes bill that could ban some Chinese companies from U.S. stock exchanges

The bill is intended to compel all foreign companies to allow U.S. regulators access to their accounting.
Brendan Smialowski/AFP via Getty Images