Budget Battles
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Job Growth Surges, but Unemployment Rate Creeps Higher
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Musk and Ramaswamy Hit Capitol Hill for DOGE ‘Brainstorming’
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Republicans Already Clashing Over Trump Policy Rollout
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Trump Vows to Block Sale of US Steel to Japanese Company
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Trump Threatens 100% Tariffs Against BRICS Nations
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Trump Ratchets Up His Tariff Threats
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Trump Picks Project 2025 Architect to Oversee Budget
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Millions Would Lose Health Coverage if ACA Subsidies Expire: CBO
By Michael RaineyA massive legislative response to the Covid-19 pandemic, the $1.9 trillion American Rescue Plan Act signed into law by President Joe Biden in 2021 included more generous subsidies for those who get...
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Penn Economists Propose Reforms to Cut Debt Without Economic Damage
Economists at the Penn Wharton Budget Model have constructed a package of 13 major tax and spending reforms that they say can grow the U.S. economy while also reducing federal debt and enhancing the...
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Musk and Ramaswamy Hit Capitol Hill for DOGE ‘Brainstorming’
Elon Musk and Vivek Ramaswamy met with congressional lawmakers on Thursday as they ramp up their agenda for DOGE, the new non-governmental Department of Government Efficiency, tasked with...
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Republicans Already Clashing Over Details of Trump Policy Rollout
By Michael RaineyWith Republicans in control of all major branches of the federal government starting in January, it seems reasonable to assume that it will be smooth sailing ahead for GOP policymakers as they roll...
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Wall Street Has Doubts About DOGE — but Firmly Believes Trump Will Cut Taxes
Wall Street investors don’t believe that President-elect Donald Trump will fully follow through on some key campaign promises — but they are confident that he will deliver tax cuts. Counting on tax...
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Congress Prepares Stopgap Spending Bill to Avoid December Shutdown
We’ve made it to December, and it’s beginning to look a lot like Christmas — temperatures are dropping , parts of the country are blanketed by snow and the holiday shopping is in full swing. December...
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Trump Threatens 100% Tariffs Against BRICS Nations
By Michael RaineyAlthough he will not take office for another seven weeks, President-elect Donald Trump issued a threat to the so-called BRICS nations over the weekend, saying he will impose a 100% tariff on imports...
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Trump Picks Project 2025 Architect Russell Vought to Oversee Budget Office
By Michael RaineyPresident-elect Donald Trump has selected Russell Vought to run the Office of Management and Budget, the largest office within the executive branch. The decision brings one of the architects of the...
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National Debt Tops $36 Trillion
By Michael RaineyOn Thursday, the gross U.S. national debt surpassed $36 trillion for the first time, according to data from the Treasury Department . Debt held by the public – a subset of the gross national debt...
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Chart of the Day: Unauthorized Spending
By Michael RaineyElon Musk and Vivek Ramaswamy said this week that they plan to target billions of dollars in “unauthorized” federal spending as part of their effort to trim waste from the budget. “DOGE will help end...
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Marjorie Taylor Greene to Coordinate With Cost-Cutting Effort by Musk, Ramaswamy
By Michael RaineyRep. Marjorie Taylor Greene, the controversial Republican firebrand from Georgia, said Thursday that she will head a new House subcommittee that will coordinate with the Department of Government...
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Musk and Ramaswamy Outline Plan to Slash Federal Workforce
By Michael RaineyElon Musk and Vivek Ramaswamy, the wealthy duo selected by President-elect Donald Trump to lead an effort to dramatically reduce the size and scope of government, say they plan to eliminate thousands...
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House GOP Lays Out Priorities for Next Congress
By Michael RaineyRepublicans in the House met behind closed doors Tuesday to lay out their priorities for the new Congress that starts in January, and their to-do list looks pretty familiar to anyone who’s been...
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Ramaswamy Says Some Federal Agencies Could Be ‘Deleted Outright’
By Michael RaineyVivek Ramaswamy, the biotech entrepreneur who has been selected by President-elect Donald Trump to co-lead a new and as yet undefined “Department of Government Efficiency” tasked with slashing...
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Biden Requests $98 Billion for Disaster Relief
By Michael RaineyPresident Joe Biden on Monday asked Congress to provide $98.4 billion in emergency funding in response to a host of natural disasters, including Hurricanes Helene and Milton this past fall. The funds...