Budget Battles
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House Republicans Release Plan to Cut FBI Funding
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Trump Ran Up National Debt Twice as Much as Biden: Report
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Senate Republicans Offer Bill to Exempt Tips From Taxes
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A Trump Win Would Mean Higher Inflation, Recession Risk: Moody’s
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CBO Jacks Up Deficit Forecast 27% to Nearly $2 Trillion
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Trump’s Plan to End Taxes on Tips Could Cost $250 Billion
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House Republicans Pass Defense Bill Packed with Culture War Policies
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House Republicans Release Plan to Cut DOJ, FBI Funding
House Republicans on Tuesday released a proposed spending package for fiscal year 2025 that would cut funding for the Justice Department, the FBI, and the Commerce Department. The bill is likely to...
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Courts Block Parts of Biden’s Student Loan Plan
By Michael RaineyA pair of federal judges on Monday blocked key parts of the Biden administration’s new student loan repayment plan that provides faster loan forgiveness and lower monthly payments for millions of...
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Trump Added About Twice as Much to National Debt as Biden: Report
Whether Joe Biden or Donald Trump wins the White House in November, the next presidential term is likely to see the national debt reach a record size relative to the U.S. economy. A new analysis by...
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CBO Raises Its 2024 Deficit Forecast 27% to Nearly $2 Trillion
By Michael RaineyThe federal budget deficit will reach an estimated $1.9 trillion in fiscal year 2024, according to an updated outlook released by the Congressional Budget Office Tuesday. The new projection...
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House Republicans Pass Defense Bill Packed with Culture War Policies
The House passed an $895 billion defense policy bill on Friday, narrowly approving a measure that Republicans loaded with controversial culture war amendments via a largely party-line vote that sets...
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G7 Nations Agree on $50 Billion Loan for Ukraine, Backed by Russian Assets
By Michael RaineyLeaders from the Group of Seven nations meeting in southern Italy have agreed to provide a $50 billion loan to Ukraine to help the country defend itself against the ongoing Russian invasion that...
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Biden Announces $225 Million in Aid to Ukraine, Apologizes for Funding Delay
President Joe Biden offered a forceful defense of democracy Friday in a speech in Pointe du Hoc, France, where U.S. Army Rangers doggedly battled their way to the top of cliffs 80 years ago to...
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House Republicans Speed Toward a New Spending Fight
House Republicans are speeding ahead with plans to pass spending bills for fiscal year 2025 on an aggressive timetable — and in a fashion that sets up another clash with Democrats, much like the...
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Biden’s New Border Clampdown Faces Legal, Funding Challenges
Saying that Republicans “have left me no choice,” President Joe Biden issued an executive order today that would bar most migrants entering between ports of entry from seeking asylum when illegal...
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Biden Threatens to Veto Military Construction and VA Spending Bill
By Michael RaineyThe White House said Monday that President Joe Biden would veto the House version of a bill funding military construction and the Department of Veterans Affairs for fiscal year 2025. The bill, which...
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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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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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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...