Budget Battles
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Senate Advances $95 Billion Foreign Aid Package
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GOP Infighting Continues as Senate Heads for Aid Vote
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News Alert: House Approves $95 Billion Aid Package for Ukraine, Israel and Taiwan
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Dems Help Save Johnson's Aid Package for Israel, Ukraine
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Johnson Rejects a Plan to Save His Speakership
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Johnson Defies Hardliners, Pushes Ahead With Foreign Aid Plan
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Facing Right-Wing Revolt, Johnson Says He Won't Resign
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Bannon Is Out, but Economic Nationalism Still Thrives at the White House
By Linette Lopez, Business InsiderJust because Steve Bannon is out of the White House, doesn't mean that his ideas are gone — especially when it comes to economics.
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More Good News on Jobs Gives the Fed a Green Light to Start Unwinding
By Lucia Mutikani, ReutersThe number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay...
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The Walls Are Closing In as Allies Abandon Trump
By Rob GarverThings have looked grim for Donald Trump’s future more than once in his relatively brief career as a politician. But on Wednesday, the cracks in the edifice of his public standing were really...
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Household Debt in the US Just Hit an All-Time High
By Jonathan Spicer, ReutersAmericans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card...
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Trump Is Headed for a Collision With the Auto Industry as NAFTA Talks Loom
By David Lawder, ReutersThe Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with...
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Here’s Why Trump Deserves Credit for the Stock Market Surge
By Liz PeekAs of Tuesday, the Dow Jones Industrial Average had scored record highs for nine days in a row; the gains are driving anti-Trumpers crazy. Though the president’s boasts are not always accurate,...
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Are You Rich? Tax Reform May Answer That Question for You
By YLAN Q. MUI, CNBCWhether to raise taxes on the rich is one of the thorniest issues in tax reform. Underlying that debate is an even more fundamental question: Who exactly qualifies as wealthy? Everyone can agree that...
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A New Report Shows Why The 10-Year Jobs Crisis Is Effectively Over
A new report by the Hamilton Project at the Brookings Institution has good news: "With [yesterday's] employment report, we can report that the national jobs gap relative to November 2007 has closed (...
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Is Wage Growth Finally Coming for American Workers?
By Jeff Cox, CNBCWage growth has been the missing link throughout a period that has produced more than 18.5 million new jobs, including 209,000 in July. But Amy Glaser, who helps run Adecco Staffing, believes the...
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Trump May Be in a Legislative Slump, but His Energy Agenda Is Getting Lots of Hits
By Tom DiChristopher, CNBCPresident Donald Trump may be fuming over Republicans' failure to repeal and replace Obamacare, but he can certainly take solace in the GOP's swift overhaul of the Obama administration's energy and...
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Thousands of Defense Jobs Could Be Lost If Trump Gets Elected
By Marcus Weisgerber, Defense OneDonald Trump has pledged to bring jobs back to the U.S. from overseas, but if elected president the Republican frontrunner might send thousands of American defense jobs to Europe. U.S. defense...
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Here Is Why Walmart Is Facing a Perfect Storm
By Hayley Peterson, Business InsiderWalmart is facing a "perfect storm" that's hurting its sales growth, according to Moody's. The company's core customers are struggling with flat income levels, and savings from lower fuel pricesaren'...
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How US Oil Producers Are Finally Turning Off the Tap
By Barani Krishnan and Swetha Gopinath and Amrutha Gayathri, ReutersSomething is awry in the beleaguered U.S. shale patch: older wells, which normally gush oil or natural gas in their first few months before rapidly depleting, are not petering out as quickly as they...
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Here’s Who Is Winning in the Gig Economy
The gig economy conjures images of Uber drivers zipping around town while happily setting their own work schedules, but a new report finds that a lot of low-skilled freelance work is unsustainable. “...
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Millennials Embrace the Side Job Economy
By Landon Dowdy, CNBCFrom barista to blogger, it's not uncommon these days for millennials to have a side job to earn a little extra money and still set their own hours. In fact, many young people who aren't working two...