Budget Battles
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Biden Looks to Rebound From a Disastrous Debate
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IMF Sends an Urgent Warning on US Debt
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Biden Admin Lowers Prices on Dozens of Drugs
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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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House Passes 3 Spending Bills, Teeing Up Battles This Fall
By Michael RaineyThe Republican-controlled House on Friday approved spending bills that would fund the Departments of Defense, State and Homeland Security, with the votes falling largely along party lines. The...
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A 30-Year Plan to Stabilize the National Debt
By Michael RaineyOn the heels of new projections from the Congressional Budget Office showing that the federal budget deficit and national debt will continue to rise for years to come, with the debt reaching record...
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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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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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Senate Advances $95 Billion Aid Package for Ukraine, Israel and Taiwan
The Senate voted Tuesday to advance the $95 billion aid package for Ukraine, Israel and Taiwan and is now poised to send the bill to President Joe Biden’s desk tonight or tomorrow. A motion to end...
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‘America Will Deliver Yet Again’: Senate Set to Vote on Foreign Aid Plan
After the House on Saturday approved a $95 billion, four-bill bundle of foreign aid legislation, the Senate is set to pass the package this week and deliver assistance to Ukraine, Israel and Taiwan...
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Dems Help Save Johnson's Aid Package for Israel, Ukraine
The House took a significant step Friday toward passing a long-delayed $95 billion package of foreign aid bills, as Democrats provided most of the votes needed to help the legislation clear...