Budget Battles
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Trump Vows to Block Sale of US Steel to Japanese Company
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Trump Threatens 100% Tariffs Against BRICS Nations
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Trump Ratchets Up His Tariff Threats
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Trump Picks Project 2025 Architect to Oversee Budget
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Trump Taps Hedge Fund Mogul for Treasury Secretary
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Trump Picks a New Attorney General Nominee After Gaetz Withdraws
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Musk and Ramaswamy Outline Plan to Slash Federal Workforce
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Wall Street Has Doubts About DOGE — but Firmly Believes Trump Will Cut Taxes
Wall Street investors don’t believe that President-elect Donald Trump will fully follow through on some key campaign promises — but they are confident that he will deliver tax cuts. Counting on tax...
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Trump Threatens 100% Tariffs Against BRICS Nations
By Michael RaineyAlthough he will not take office for another seven weeks, President-elect Donald Trump issued a threat to the so-called BRICS nations over the weekend, saying he will impose a 100% tariff on imports...
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Trump Promises Immediate New Tariffs on Mexico, Canada and China
President-elect Donald Trump promised Monday evening that on his first day in office he will slap a 25% tariff on all goods imported from Canada and Mexico — the top two U.S. trading partners — and...
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IRS Faces a Surprise $20 Billion Funding Crunch
The Treasury Department is warning that $20 billion for Internal Revenue Service enforcement efforts is effectively frozen as the result of legislative language used in the stopgap law passed to fund...
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National Debt Tops $36 Trillion
By Michael RaineyOn Thursday, the gross U.S. national debt surpassed $36 trillion for the first time, according to data from the Treasury Department . Debt held by the public – a subset of the gross national debt...
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House GOP Lays Out Priorities for Next Congress
By Michael RaineyRepublicans in the House met behind closed doors Tuesday to lay out their priorities for the new Congress that starts in January, and their to-do list looks pretty familiar to anyone who’s been...
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Trump Plans to Eliminate EV Tax Credit: Report
By Michael RaineyThe transition team for President-elect Donald Trump is discussing plans to kill the tax credit for electric vehicles as part of a larger tax overhaul, Reuters reported Thursday. The tax credit,...
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Will Huge Deficits Weigh on GOP Plan to Slash Taxes?
By Michael RaineyAs Republicans prepare to forge a massive tax bill that could potentially pass via a party-line vote early next year, a crucial question hangs over their heads: How much larger are they willing to...
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Trump Wants Tax Cuts in a Hurry
By Michael RaineyRepublicans are reportedly scrambling to find ways to enact President-elect Donald Trump’s proposals for an extensive array of tax cuts when he returns to power, with an eye on giving the new...
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Trump Makes a MAGA Comeback
Donald Trump’s election to a second term in the White House cements an astonishing and historic political comeback, delivering supporters of his MAGA movement a profound sense of vindication while...
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Trump Pitches Two New Tax Breaks
In an address to the Detroit Economic Club on Thursday, former President Donald Trump floated some new tax breaks, criticized the federal response to Hurricane Helene and said that the Federal...
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Chart of the Day: Who Would Benefit From Trump’s Tax and Tariff Plans
Former President Donald Trump’s proposed tax changes would skew heavily toward the wealthy, according to a new analysis by the left-leaning Institute on Taxation and Economic Policy (ITEP). Trump has...
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Trump Would Increase Deficits by $7.5 Trillion, Harris About Half That
By Michael RaineyTax and spending proposals from both presidential candidates would increase budget deficits in the coming years by trillions of dollars, according to a new analysis from the Committee for a...
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Speaker Johnson Outlines 5-Point Republican Agenda for 2025
House Speaker Mike Johnson pitched Wall Street today on Republicans’ agenda of tax cuts and deregulation, promising to deliver an economic boost while also pursuing “fiscal responsibility” if former...
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Harris Tries to Flip Trump’s Biggest Advantages
Former President Donald Trump met with Ukrainian President Volodymyr Zelensky this morning before heading to Walker, Michigan, for a campaign event, where he criticized Vice President Kamala Harris...