Budget Battles
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House Republicans Pass Defense Bill Packed with Culture War Policies
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Trump Promises CEOs Another Tax Cut
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Price Hikes Ease in May, Raising Hopes in Battle on Inflation
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Surprisingly Strong US Economy Is Powering Global Growth: World Bank
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White House Slams Republican Tax Cut Plans
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Blockbuster Jobs Report Sends Mixed Message to the Fed
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Trump Tax Cut Extension Won't Pay for Itself: Analysis
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House Republicans Pass Defense Bill Packed with Culture War Policies
The House passed an $895 billion defense policy bill on Friday, narrowly approving a measure that Republicans loaded with controversial culture war amendments via a largely party-line vote that sets...
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G7 Nations Agree on $50 Billion Loan for Ukraine, Backed by Russian Assets
By Michael RaineyLeaders from the Group of Seven nations meeting in southern Italy have agreed to provide a $50 billion loan to Ukraine to help the country defend itself against the ongoing Russian invasion that...
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Biden Announces $225 Million in Aid to Ukraine, Apologizes for Funding Delay
President Joe Biden offered a forceful defense of democracy Friday in a speech in Pointe du Hoc, France, where U.S. Army Rangers doggedly battled their way to the top of cliffs 80 years ago to...
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House Republicans Speed Toward a New Spending Fight
House Republicans are speeding ahead with plans to pass spending bills for fiscal year 2025 on an aggressive timetable — and in a fashion that sets up another clash with Democrats, much like the...
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Biden’s New Border Clampdown Faces Legal, Funding Challenges
Saying that Republicans “have left me no choice,” President Joe Biden issued an executive order today that would bar most migrants entering between ports of entry from seeking asylum when illegal...
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Biden Threatens to Veto Military Construction and VA Spending Bill
By Michael RaineyThe White House said Monday that President Joe Biden would veto the House version of a bill funding military construction and the Department of Veterans Affairs for fiscal year 2025. The bill, which...
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Powerful GOP Senator Calls for Massive Surge in Defense Spending
By Michael RaineyThe U.S. accounts for about 40% of all defense spending in the world, but one leading Republican lawmaker is warning that isn’t enough to counter the threats the country now faces. Sen. Roger Wicker...
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Trump Woos Wealthy Donors With Promises of Huge Tax Cuts
By Michael RaineyFormer President Donald Trump has been busy with his criminal trial in Manhattan over the past few weeks, but he has still found the time to meet with donors in his quest to return to the White House...
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House Republicans Kick Off 2025 Spending Fight
As the House starts work on fiscal year 2025 spending bills, the Appropriations Committee on Thursday approved an overarching GOP plan for divvying up just over $1.6 trillion in discretionary funding...
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Republicans Block Bipartisan Border Bill in the Senate
By Michael RaineyThe Senate on Thursday failed for a second time to advance a border bill that would expand presidential power to restrict immigration, reduce the number of asylum claims and provide additional...
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SNAP Benefits Fail to Cover Food Costs Almost Everywhere in the US: Analysis
SNAP benefits, more commonly known as food stamps, were too low to help families afford food across most of the country last year, according to a new analysis published by the Urban Institute and the...
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Biden Announces Another $7.7 Billion in Student Loan Cancelation
By Michael RaineyThe Biden administration announced Wednesday that it is canceling another $7.7 billion in student loans held by 160,000 borrowers. The latest round of debt cancellation means the administration has...
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Biden to Release 1 Million Gallons of Gas as Summer Driving Season Begins
By Michael RaineyThe Biden administration announced plans Tuesday to release roughly 1 million barrels of gasoline from the nation’s reserve during the peak summer driving season between Memorial Day and the Fourth...
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Senate Heads for Another Doomed Vote on Bipartisan Border Bill
Memorial Day and the unofficial start of summer are rapidly approaching, but on Capitol Hill, the season of messaging bills is already in full swing. This week, the Senate will once again consider a...
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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...