Budget Battles
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Sniping Already Starting Over Baltimore Bridge Reconstruction Costs
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New Poll Finds Liberals and Conservatives Agree: Tax the Super-Rich
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Biden Vows US Will Pay to Rebuild Collapsed Baltimore Bridge
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How Congress Wasted ‘Months of Precious Time’ on the 2024 Spending Bills
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Senate Struggles to Avert Shutdown, Speaker Johnson Faces Revolt
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Long-Delayed $1.2 Trillion Spending Package Zooms to the Finish Line
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Debt Will Hit Record High This Decade, CBO Warns
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Brexit Starts Now: Here’s How Great Britain Will Leave the European Union
By Gemma Acton, CNBCThe formal two-year process governing Britain's departure from the European Union (EU) began when Article 50 of the Treaty of Lisbon, which became law in 2009, was triggered on Wednesday. Here, CNBC...
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On Day One, Trump Faces Two Huge Foreign Policy Challenges
Barack Obama isn’t handing Donald Trump any portfolio of foreign-policy successes as he passes the baton the next president. Trump is about to step into a world that his peace-prize-winning...
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5 Foreign Policy Challenges President-Elect Trump Faces Before He Unpacks
Foreigners always watch U.S. elections, but rarely with the edge-of-the-seat suspense evident as the votes were tallied Tuesday. With Donald Trump’s dramatic victory, they’re as much in the dark as...
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Britain’s Tarnished Sterling: A Global Warning for Theresa May on Brexit
At 7:07 last Friday in Hong Kong, the British pound suddenly plummeted: In the next two minutes it fell 6.1 percent, to $1.18, its lowest level since 1985. In the next half hour, it regained most of...
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Everyone's Ignoring This Huge Threat to the Global Economy
By Desmond LachmanA striking feature of a US election campaign focused on the supposed ills of globalization is how little attention is being drawn to Germany’s extraordinarily large external current account surplus...
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Why You Should Book a Trip to London Right Now
There’s no shortage of economic uncertainty following the decision by a slim majority of British voters last month to leave the European Union. The decision is a short-term boon to anyone who wants...
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Theresa May: 8 Things You Should Know About the UK’s New Prime Minister
By The Fiscal Times StaffTheresa May became Britain’s second female prime minister Wednesday, three weeks after the U.K. voted to leave the European Union. The 59-year-old becomes the 13 th prime minister to lead the U.K...
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Theresa May’s Biggest Challenge: Her Party’s Division on Brexit
By CJ Arlotta, The Fiscal TimesIn her first speech as Britain’s new prime minister, Theresa May spoke to her country’s working-class families and pledged to build a “better Britain” for them. “As we leave the European Union, we...
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David Cameron's Great Blunder
By Hilton L. RootFirst Britain, now Italy, what’s next? The Brexit has triggered the EU’s worst political crisis. And to make matters worse Britain’s Prime Minister David Camron steps down on Wednesday, having bet...
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Under Theresa May, the UK Will Still Be Heading Toward Brexit
By CJ Arlotta, The Fiscal TimesWith Conservative leadership candidate Andrea Leadsom bowing out of the race for prime minister, the United Kingdom’s departure from the European Union may become reality. Home Secretary Theresa May...
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The UK’s ‘House of Cards’ Candidate Is No Frank Underwood
By Rob GarverA political hit job by one prominent supporter of Brexit on former London Mayor Boris Johnson might result in a woman who opposed both of them ascending to the Prime Minister’s job.
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How the Brexit Killed Britain’s 'Pay as You Go' Policy
There go George Osborne’s dreams. Whatever the other consequences of the June 23 Brexit vote may prove to be, Britain’s ever-embattled chancellor of the exchequer just lost his long war for deep...
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Britain’s Best Option to Undo Brexit
By CJ Arlotta, The Fiscal TimesAdding more confusion to the muddled political mix created by the United Kingdom’s Brexit vote last week, Boris Johnson , the former London mayor who became the public face of the “Leave” camp, said...
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Forget Brexit: The Real Reasons Stock Market Bears Are About to Strike Back
Another "Black Swan" selloff has reversed itself in another neck-snapping V-shaped rebound. We saw it with the Greek protests in 2010, the U.S. debt-ceiling crisis in 2011, Euro bailouts in 2012, the...
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Brexit’s Gift to US Homebuyers: Mortgage Rates Tumble to 3-Year Lows
By Janna HerronThe rate on the most common mortgage plunged to a three-year low last week following Great Britain’s surprising popular vote to exit the European Union, according to two separate surveys that track...