Budget Battles
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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 Kills Greene Motion to Oust Speaker Johnson
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Greene Backs Off Johnson Threat, but Issues Four Demands
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Social Security, Medicare Get Boost From Strong Economy
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Biden and Trump Joust Over Jobs Report
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IRS Unveils Plan to Crack Down on the Rich
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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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Biden Touts Economic Policies — and Tweaks a Noted Trump Failure
By Michael RaineyPresident Biden on Wednesday highlighted his “Investing in America” economic strategy in a visit to the site of a Microsoft data center being constructed in Racine, Wisconsin — the same place where...
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Greene Eases Off Ouster Threat Against Johnson, but Issues Four Demands
Donald Trump may be spending much of his time in a New York courtroom these days — adult film actress Stormy Daniels took a salacious star turn testifying in the hush-money criminal case today — but...
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Speaker Johnson Meets With GOP Rebels, Will Continue Talks Tomorrow
House Speaker Mike Johnson met Monday with Reps. Marjorie Taylor Greene and Thomas Massie, the Republican hardliners who announced last week that they would seek to force a vote to oust him within...
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Biden Forgives Another $6 Billion in Student Loans
By Michael RaineyThe Biden administration on Wednesday announced it would erase roughly $6.1 billion in additional student loan debt. The latest round of debt forgiveness is specifically for 317,000 borrowers who...
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Marjorie Taylor Greene Says She’ll Force Vote to Oust Johnson
Republican Rep. Marjorie Taylor Greene announced Wednesday that she will force a vote next week on her motion to oust Speaker Mike Johnson, even as her odds of succeeding appear to be nil. Republican...
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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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Biden Administration Forgives Another $7.4 Billion in Student Debt
By Michael RaineyPresident Joe Biden on Friday announced another round of student loan forgiveness, part of a piecemeal effort that has seen $153 billion in debt erased for 4.3 million borrowers. The latest round of...
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Trump Throws Johnson a Lifeline: ‘He’s Doing a Very Good Job’
Still facing a threat from his own party to oust him from his job, House Speaker Johnson scored some MAGA cred Friday by appearing with former President Donald Trump at a Mar-a-Lago news conference...
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Baltimore Bridge Disaster Could Wipe Out Federal Emergency Fund
By Michael RaineyThe effort to rebuild Baltimore’s Francis Scott Key Bridge could overwhelm a key federal emergency fund that is already facing more requests for help than it can handle. As The Washington Post’s...
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Biden’s New Student Debt Relief Plan Would Cost $84 Billion: Analysis
President Joe Biden’s new student debt relief plans are projected to cost $84 billion if enacted, according to the Penn Wharton Budget Model . That total includes about $58 billion from waiving...
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House Conservatives Deal a New Blow to Speaker Johnson
The far-right revolt against Speaker Mike Johnson got dialed up a notch Wednesday as a group of 19 House Republicans defeated a procedural vote on a bill to reauthorize the controversial Section 702...