Budget Battles
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Senate Tees Up Another Doomed Vote on Border Bill
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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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Senate Heads for Another Doomed Vote on Bipartisan Border Bill
Memorial Day and the unofficial start of summer are rapidly approaching, but on Capitol Hill, the season of messaging bills is already in full swing. This week, the Senate will once again consider a...
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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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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...
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Marjorie Taylor Greene Fires Another Warning Shot at Johnson
House Republican lawmakers returned from their two-week recess Tuesday and resumed their chaotic infighting right where they left off. Georgia Republican Rep. Marjorie Taylor Greene, who 18 days ago...
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US and Allies Face Multi-Trillion Dollar Bill as Race to Rearm Picks Up Speed
By Michael RaineyGlobal defense spending hit a record $2.2 trillion last year, and that number is only expected to rise as countries rearm themselves amid growing tensions in Europe, Asia and the Middle East. While...