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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Johnson Rejects a Rule Change Proposed to Protect His Speakership
House Republicans continued to snipe at each other Thursday as party leadership continued to propel a $95 billion package of aid for Ukraine, Israel and Taiwan toward a series of weekend votes. With...
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Johnson Pushes Ahead on Foreign Aid Plan, Angering Hardliners and Risking His Job
House Speaker Mike Johnson plowed ahead Wednesday with a slightly modified plan to deliver aid to Ukraine, Israel and Indo-Pacific allies. In doing so, he further infuriated far-right hardliners in...
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Biden Admin Releases Draft of Student Loan Forgiveness Plan
By Michael RaineyThe Department of Education on Tuesday released a first set of draft rules for President Joe Biden’s proposed plan to provide billions of dollars in forgiveness of student loan debt. The rules will...
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Facing Right-Wing Revolt Over Foreign Aid Plan, Johnson Says He Won't Resign
House Speaker Mike Johnson insisted Tuesday that he will not give up his gavel after a second member of his Republican conference called for his ouster, joining in a revolt by Georgia Rep. Marjorie...
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Nearly 1 in 4 of Those Removed From Medicaid Now Uninsured
By Michael RaineyMillions of Americans have been removed from state-level Medicaid programs over the last year, following the official end of the Covid-19 pandemic and the return to pre-pandemic rules governing...