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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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...