Budget Battles
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The 2025 Spending Fight Has Officially Begun — and It’s Going to Be Big
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Supreme Court Slaps Down Challenge to Consumer Watchdog
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Inflation Eases in April, Lifting Hopes for a Soft Landing
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Biden Jacks Up Tariffs on $18 Billion in Chinese Imports
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Trump Promises New Tax Cuts for Everyone
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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 Releases $1.5 Trillion Farm Bill, Teeing Up Duel With Senate
By Michael RaineyLawmakers in the House released a long-awaited $1.5 trillion farm bill on Friday, kicking off an effort to complete one of the few remaining major pieces of legislation left in the current Congress...
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The 2025 Spending Fight Has Officially Begun — and It’s Going to Be Big
November’s presidential election looms over the appropriations process for 2025, as members of Congress will want to wait to see who wins the White House and which party can exert leverage over...
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Supreme Court Rejects Challenge to CFPB Funding Mechanism
The Supreme Court on Thursday rejected a constitutional challenge to the way the Consumer Financial Protection Bureau is funded, delivering a blow to the agency’s right-wing critics and handing a win...
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Biden’s Plan to Extend Trump’s Tax Cuts Would Cost More Than $2 Trillion: Analysis
By Michael RaineyPresident Biden is calling for the individual tax cuts signed into law by former President Trump in 2017 to expire as scheduled after next year, but with one major exception: Anyone earning less than...
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House Passes FAA Reauthorization, Sending It to Biden
The House today passed a major bill reauthorizing the Federal Aviation Administration for five years and providing $105 billion in funding for agency programs as well as $738 million for the National...
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House to Take Up $105 Billion FAA Reauthorization Bill
By Michael RaineyThe House this week is set to take up the $105 billion bill passed by the Senate late on Thursday that would reauthorize the Federal Aviation Administration and the National Transportation Safety...
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Biden Admin Looks to Use ‘Infrastructure Week’ to Sell Its Successes
The Biden administration is celebrating this year’s “Infrastructure Week” by sending officials including Treasury Secretary Janet Yellen and acting Labor Secretary Julie Su to various locations to...
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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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French Socialists vow reforms after big poll win
By Daniel Flynn and Jean-Baptiste Vey, ReutersPARIS (Reuters) - A resounding Socialist victory in weekend parliamentary elections will allow President Francois Hollande to press ahead with reforms to tame France's deficit and promote economic...
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Developing world needs euro crisis defense: Zoellick
By ReutersLONDON (Reuters) - Developing nations must be ready for a severe global financial crisis should the euro zone fail to cope with its current problems, outgoing World Bank chief Robert Zoellick said in...
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Greek Vote Puts Global Central Banks on Alert
By EVA KUEHNEN and SVEN EGENTER, ReutersCentral banks from Tokyo to London checked their ammunition on Friday in preparation for any turmoil from Greece's election, with the European Central Bank hinting at an interest rate cut and Britain...
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Mexico calls on G20 to commit to strong Europe, IMF
By Krista Hughes, ReutersLOS CABOS, Mexico (Reuters) - The world's biggest economies must commit to a strong Europe and could agree to further bolster the International Monetary Fund's ability to contain fallout from Europe'...
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Sandusky found guilty on 45 of 48 sex abuse charges
By Ian Simpson, ReutersBELLEFONTE, Pennsylvania (Reuters) - A jury found former Penn State assistant football coach Jerry Sandusky guilty on 45 of 48 child sex abuse charges on Friday, ending a trial that rocked U.S...