Budget Battles
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Facing Right-Wing Revolt, Johnson Says He Won't Resign
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Johnson Unveils Plan for Israel, Ukraine Aid
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Trump Throws Johnson a Lifeline: ‘He’s Doing a Very Good Job’
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Biden’s New Student Debt Relief Plan Would Cost $84 Billion: Analysis
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House Conservatives Deal a New Blow to Johnson
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Marjorie Taylor Greene Fires Another Warning Shot at Johnson
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Trump Promises Billionaires: I'll Keep Your Taxes Low
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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...
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Johnson Unveils Plan for Aid to Israel, Ukraine
Iran’s unprecedented direct attack on Israel this weekend has ramped up the pressure on Speaker Mike Johnson to decide on a path forward for foreign aid funding that has been stalled in the House for...
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Former Biden Administration Economists Launch New Budget Lab
A huge tax fight is looming as a slew of 2017 Republican tax cuts are scheduled to expire at the end of 2025 — and, as Natasha Sarin writes at The Washington Post , the government’s budgetary...
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Biden Administration Forgives Another $7.4 Billion in Student Debt
By Michael RaineyPresident Joe Biden on Friday announced another round of student loan forgiveness, part of a piecemeal effort that has seen $153 billion in debt erased for 4.3 million borrowers. The latest round of...
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Trump Throws Johnson a Lifeline: ‘He’s Doing a Very Good Job’
Still facing a threat from his own party to oust him from his job, House Speaker Johnson scored some MAGA cred Friday by appearing with former President Donald Trump at a Mar-a-Lago news conference...
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Baltimore Bridge Disaster Could Wipe Out Federal Emergency Fund
By Michael RaineyThe effort to rebuild Baltimore’s Francis Scott Key Bridge could overwhelm a key federal emergency fund that is already facing more requests for help than it can handle. As The Washington Post’s...
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Biden’s New Student Debt Relief Plan Would Cost $84 Billion: Analysis
President Joe Biden’s new student debt relief plans are projected to cost $84 billion if enacted, according to the Penn Wharton Budget Model . That total includes about $58 billion from waiving...
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House Conservatives Deal a New Blow to Speaker Johnson
The far-right revolt against Speaker Mike Johnson got dialed up a notch Wednesday as a group of 19 House Republicans defeated a procedural vote on a bill to reauthorize the controversial Section 702...
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Deficit Will Hit $3 Trillion — Again — This Year
By Michael RaineyThe U.S. federal budget deficit will come to $3 trillion in fiscal year 2021, according to the latest estimate from the Congressional Budget Office. The new projection is about a third higher than...
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4 Ways the Battle Over Infrastructure Could Play Out
By Michael RaineyThere are a lot of moving parts as Congress attempts to write and pass a massive infrastructure package. With tensions running high in Washington, there’s a good chance that things may not turn out...
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Bipartisan Infrastructure Plan Would Reduce the National Debt and Increase Growth: Analysis
By Michael RaineyThe bipartisan infrastructure plan backed by President Joe Biden would modestly increase domestic output and reduce the national debt over the next several decades, according to an analysis from the...
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Biden’s Big Infrastructure Deal Relies on ‘Pixie Dust’
President Joe Biden faces a pair of thorny math problems in trying to enact his infrastructure agenda. The first, amply covered by the political press, is simply securing enough votes to ensure that...
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Biden Backpedals to Salvage Infrastructure Deal. McConnell Could Still Blow It Up.
President Joe Biden tackled his own infrastructure repair job over the weekend. Biden had thrown the fate of his bipartisan infrastructure deal into doubt shortly after announcing it last Thursday by...