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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Quake hits western Argentina, no casualties
By ReutersBUENOS AIRES (Reuters) - An earthquake of magnitude 5.4 struck about 30 km (18 miles) southeast of the city of Mendoza in Argentina on Monday, the U.S. Geological Survey said, and local media...
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Divided Greece "risks social explosion"
By Michael Stott, ReutersATHENS (Reuters) - Pro-bailout party New Democracy may have come first in Sunday's Greek election but the radical left anti-austerity SYRIZA bloc was celebrating like the real winner well into the...
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Yemenis say al Qaeda gave town security, at a cost
By Khaled Abdallah and Mohammed Mukhashaf, ReutersJAAR, Yemen (Reuters) - For 15 months, residents of the southern Yemeni town of Jaar lived under the watchful gaze of armed young men who swore allegiance to al Qaeda, woke people at dawn to pray,...
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India stuns, keeps rates steady as growth crumbles
By Tony Munroe and Suvashree Dey Choudhury, ReutersMUMBAI (Reuters) - India's central bank left interest rates and required bank reserves unchanged on Monday, defying widespread expectations for a rate cut and warning that relaxing policy could...
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Suicide bomber kills south Yemen army chief
By Mohammed Mukhashaf, ReutersADEN (Reuters) - The commander of military forces in the south of Yemen was killed by a suicide bomber in the port city of Aden on Monday, days after troops drove Islamist militants linked to al...