Budget Battles
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Biden White House Lays Out Plan for Coming Tax Showdown
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Trump Tax Cut Extension Would Cost $4.6 Trillion: CBO
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House Kills Greene Motion to Oust Speaker Johnson
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Greene Backs Off Johnson Threat, but Issues Four Demands
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Social Security, Medicare Get Boost From Strong Economy
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Biden and Trump Joust Over Jobs Report
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IRS Unveils Plan to Crack Down on the Rich
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Biden’s Top Economic Advisor Lays Out Principles for Tax Fight Ahead
By Michael RaineyWith many of the 2017 Republican tax cuts set to expire after next year, the White House and Congress are already laying the groundwork for a huge battle over the tax code. On Friday, President Joe...
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Trump Tax Cut Extension Would Cost $4.6 Trillion: CBO
By Michael RaineyLawmakers in Washington will need to address some serious fiscal questions next year, not least of which is what to do about Trump-era tax cuts set to expire at the end of 2025. Some in Congress want...
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House Kills Marjorie Taylor Greene Motion to Oust Speaker Johnson
The House on Wednesday afternoon quickly dispensed with Republican Rep. Marjorie Taylor Greene’s motion to oust Speaker Mike Johnson. After a couple days of discussions with Johnson, Greene moved...
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Biden Touts Economic Policies — and Tweaks a Noted Trump Failure
By Michael RaineyPresident Biden on Wednesday highlighted his “Investing in America” economic strategy in a visit to the site of a Microsoft data center being constructed in Racine, Wisconsin — the same place where...
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Greene Eases Off Ouster Threat Against Johnson, but Issues Four Demands
Donald Trump may be spending much of his time in a New York courtroom these days — adult film actress Stormy Daniels took a salacious star turn testifying in the hush-money criminal case today — but...
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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...
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Biden Says Federal Government Will Pay for New Bridge in Baltimore
By Michael Rainey -
How Congress Wasted ‘Months of Precious Time’ Passing 2024 Spending Bills
The Senate passed a $1.2 trillion, six-bill spending package just after 2 a.m. on Saturday and President Joe Biden signed it later that day, ending an unusually drawn-out process of funding the...
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Senate Struggles to Avert Shutdown as Speaker Johnson Faces Revolt
The House on Friday narrowly passed a $1.2 trillion funding package that would avert a government shutdown at midnight, sending the legislation to the Senate with just hours to go before the deadline...
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Long-Delayed $1.2 Trillion Spending Package Zooms to the Finish Line
Nearly six months into the fiscal year, and less than 48 hours before a government shutdown deadline, congressional leaders on Thursday released their final package of 2024 annual spending bills. The...
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House Republican Caucus Calls for Raising the Social Security Retirement Age
By Michael RaineyThe Republican Study Committee, the largest conservative caucus in the House, released on Wednesday a 2025 budget proposal that would slash healthcare spending, raise the Social Security retirement...