Budget Battles
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New Poll Finds Liberals and Conservatives Agree: Tax the Super-Rich
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Biden Vows US Will Pay to Rebuild Collapsed Baltimore Bridge
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How Congress Wasted ‘Months of Precious Time’ on the 2024 Spending Bills
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Senate Struggles to Avert Shutdown, Speaker Johnson Faces Revolt
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Long-Delayed $1.2 Trillion Spending Package Zooms to the Finish Line
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Debt Will Hit Record High This Decade, CBO Warns
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Congress Races Against the Clock to Avoid Shutdown
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Rebuilding Baltimore Bridge ‘Will Not Be Quick or Easy or Cheap,’ Buttigieg Says
A day after President Joe Biden said the federal government would foot the bill for rebuilding the collapsed Francis Scott Key Bridge in Baltimore, Transportation Secretary Pete Buttigieg told...
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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...
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Congress and White House Reach Funding Deal. Now the Race Is On to Pass It.
They have a deal. Now they just need the votes. President Joe Biden and congressional leaders announced Tuesday morning that they had reached an agreement on the contentious appropriations bill for...
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Border Battle Pushes Congress Toward a Shutdown
Congressional lawmakers have until midnight Friday to pass a package of spending bills needed to keep large portions of the government from shutting down, but a lengthy dispute over funding for the...
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Biden Calls on Congress to Pass Ukraine Aid
By Michael RaineyAt an early St. Patrick’s Day event with the Irish prime minister and officials including House Speaker Mike Johnson, President Joe Biden called on Congress to pass the foreign aid package that would...
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Republicans Consider Seizing Russian Assets to Pay for Ukraine Aid
By Michael RaineyPressure is rising on House Speaker Mike Johnson to figure out a way to provide military aid to Ukraine and Israel. Johnson told Politico’s Olivia Beavers Thursday that aid packages for Ukraine and...
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Spanish short-term debt costs reach alarm levels
By Paul Day and Renee Maltezou, ReutersMADRID/ATHENS (Reuters) - Spain lurched closer to becoming the largest euro zone country yet to be shut out of credit markets when it had to pay a euro era record price to sell short-term debt on...
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CBO: Boosting Cigarette Taxes a Mixed Blessing
By Eric PianinFederal excise taxes are sometimes viewed as a panacea for helping to close a budget deficit and discourage bad behavior. But recent studies, including a new one from the Congressional Budget Office...
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Obama ‘Stays the Course’ and Runs against Bush
Later today, President Barack Obama will deliver a widely-anticipated speech in Ohio in an attempt to “reframe” the debate over the economy. Insiders have told the media that Obama will not offer any...
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Obama: 4 Years Isn't Enough to Fix the Bush Economy
By Caren Bohan and Andy Sullivan, ReutersSo far, President Barack Obama has not been able to convince most Americans that they are better off than they were four years ago. His next step may be to try to convince them that they would be...
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Insight: Germany and Greece: a tale of estrangement
By Noah Barkin and Gernot Heller, ReutersBERLIN (Reuters) - In early October of last year, German Economy Minister Philipp Roesler landed in Athens on a plane packed full of corporate executives, carrying a message of hope. Germany and its...