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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Will Democrats Save Kevin McCarthy?
Florida Republican Rep. Matt Gaetz indicated again on Monday that he will move this week to force a vote on ousting House Speaker Kevin McCarthy. Gaetz, who has long been highly critical of the...
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Trump Impeached Again: What's Next?
The House on Wednesday impeached President Trump for the second time in 13 months, this time for “incitement of insurrection” for his role in trying to overturn the results of the election and...
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After the Capitol Attack: What Happens Next
The fallout from Wednesday’s chaos at the Capitol continued Thursday — and will likely be felt for some time. Here are the top developments: Congress certifies election, Trump says he will leave:...
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How Do We Respond to the Trump Insurrection?
Today, January 6, 2021, is a date which will live in infamy, to borrow President Franklin Delano Roosevelt’s words after Pearl Harbor was attacked in 1941. Only today’s horrifying attack on American...
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Factbox: What happens in a U.S. government shutdown?
By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, ReutersIn shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...
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Delaware Sues Opioid Manufacturers, Distributors Over Epidemic
By Nate Raymond, Reuters(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...
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Trump Vows to Campaign Intensively for Republicans, May Avoid Primaries
By James Oliphant, ReutersWASHINGTON (Reuters) - President Donald Trump said on Wednesday that he plans to devote much of his time this year to helping Republicans maintain control of the U.S. Congress, but suggested he may...
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Trump Tries to Sell Tax Reform to Democrats
By David Morgan, ReutersWASHINGTON (Reuters) - President Donald Trump intensified his efforts to sell Democrats on his tax reform plan on Wednesday even as Senate Republicans edged closer to passing a budget measure that...
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Trump's drug czar nominee withdraws from consideration
By Sarah N. Lynch and Makini Brice, ReutersWASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...
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Senate Republicans Gain Crucial Support for Budget Vital to Tax Reform
By David Morgan, ReutersWASHINGTON (Reuters) - U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump's hopes of signing sweeping tax reform...
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Is a Government Shutdown Now ‘Inevitable’ Because of Trump?
Goldman Sachs last week put the chances of a brief government shutdown next month at 50 percent , “as the president seeks to solidify support among his base by embracing more controversial positions...
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Can a 15 Percent Corporate Tax Rate Work?
Jim Nunns of the Tax Policy Center says it is possible to construct a tax plan that includes a 15 percent corporate rate but doesn’t carry the same downsides as President Trump's plan in terms of...
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Corporate America Is Putting Its Muscle Behind Tax Reform Push
By Michael RaineySpeaker of the House Paul Ryan (R-Wis.) is visiting Intel Corp. in Oregon today, and it’s not just to discuss the latest computer chips. Ryan’s trip is part of a larger effort by Republicans — and...
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Trump Says He’s Willing to Shut the Government to Get His Wall
By Jacob Pramuk, CNBCPresident Donald Trump on Tuesday said he would be willing to shut down the government in order to get the funding needed for his proposed border wall. "If we have to close down our government, we're...
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How Tax Reform Could ‘Water Down’ the Mortgage Interest Deduction
By Diana Olick, CNBCThe mortgage interest tax deduction has long been considered politically untouchable — until now, that is. The hands-down favorite of taxpayers is back on the negotiating table as tax reform kicks...