Budget Battles
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The 2025 Spending Fight Has Officially Begun — and It’s Going to Be Big
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Supreme Court Slaps Down Challenge to Consumer Watchdog
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Inflation Eases in April, Lifting Hopes for a Soft Landing
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Biden Jacks Up Tariffs on $18 Billion in Chinese Imports
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Trump Promises New Tax Cuts for Everyone
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Biden White House Lays Out Plan for Coming Tax Showdown
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Trump Tax Cut Extension Would Cost $4.6 Trillion: CBO
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House Releases $1.5 Trillion Farm Bill, Teeing Up Duel With Senate
By Michael RaineyLawmakers in the House released a long-awaited $1.5 trillion farm bill on Friday, kicking off an effort to complete one of the few remaining major pieces of legislation left in the current Congress...
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The 2025 Spending Fight Has Officially Begun — and It’s Going to Be Big
November’s presidential election looms over the appropriations process for 2025, as members of Congress will want to wait to see who wins the White House and which party can exert leverage over...
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Supreme Court Rejects Challenge to CFPB Funding Mechanism
The Supreme Court on Thursday rejected a constitutional challenge to the way the Consumer Financial Protection Bureau is funded, delivering a blow to the agency’s right-wing critics and handing a win...
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Biden’s Plan to Extend Trump’s Tax Cuts Would Cost More Than $2 Trillion: Analysis
By Michael RaineyPresident Biden is calling for the individual tax cuts signed into law by former President Trump in 2017 to expire as scheduled after next year, but with one major exception: Anyone earning less than...
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House Passes FAA Reauthorization, Sending It to Biden
The House today passed a major bill reauthorizing the Federal Aviation Administration for five years and providing $105 billion in funding for agency programs as well as $738 million for the National...
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House to Take Up $105 Billion FAA Reauthorization Bill
By Michael RaineyThe House this week is set to take up the $105 billion bill passed by the Senate late on Thursday that would reauthorize the Federal Aviation Administration and the National Transportation Safety...
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Biden Admin Looks to Use ‘Infrastructure Week’ to Sell Its Successes
The Biden administration is celebrating this year’s “Infrastructure Week” by sending officials including Treasury Secretary Janet Yellen and acting Labor Secretary Julie Su to various locations to...
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Biden’s Top Economic Advisor Lays Out Principles for Tax Fight Ahead
By Michael RaineyWith many of the 2017 Republican tax cuts set to expire after next year, the White House and Congress are already laying the groundwork for a huge battle over the tax code. On Friday, President Joe...
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Trump Tax Cut Extension Would Cost $4.6 Trillion: CBO
By Michael RaineyLawmakers in Washington will need to address some serious fiscal questions next year, not least of which is what to do about Trump-era tax cuts set to expire at the end of 2025. Some in Congress want...
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House Kills Marjorie Taylor Greene Motion to Oust Speaker Johnson
The House on Wednesday afternoon quickly dispensed with Republican Rep. Marjorie Taylor Greene’s motion to oust Speaker Mike Johnson. After a couple days of discussions with Johnson, Greene moved...
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Democratic Leaders Vow to Save Republican Speaker Mike Johnson
Congress may be done funding the government for the rest of the fiscal year and pushing through a major foreign aid package, but the fallout from those contentious spending bills isn’t over yet. With...
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Global Military Spending Reached a Record $2.4 Trillion Last Year: Study
We told you earlier this month that global defense spending had reached a record $2.2 trillion last year. A study released Monday by the Stockholm International Peace Research Institute puts that...
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Senate Advances $95 Billion Aid Package for Ukraine, Israel and Taiwan
The Senate voted Tuesday to advance the $95 billion aid package for Ukraine, Israel and Taiwan and is now poised to send the bill to President Joe Biden’s desk tonight or tomorrow. A motion to end...
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‘America Will Deliver Yet Again’: Senate Set to Vote on Foreign Aid Plan
After the House on Saturday approved a $95 billion, four-bill bundle of foreign aid legislation, the Senate is set to pass the package this week and deliver assistance to Ukraine, Israel and Taiwan...
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Dems Help Save Johnson's Aid Package for Israel, Ukraine
The House took a significant step Friday toward passing a long-delayed $95 billion package of foreign aid bills, as Democrats provided most of the votes needed to help the legislation clear...