Budget Battles
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House Passes Stopgap Funding Fix, Averting Government Shutdown
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Republicans Sue to Stop Biden Student Loan Plan
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Why Medicare Premiums Are Going Down
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Manchin Throws in the Towel as Shutdown Deadline Looms
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$46 Billion in Pandemic Unemployment Fraud — and Counting
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Privatize Social Security? Some Republicans Keep Talking About It
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More Pain Ahead as Fed Delivers Another Jumbo Rate Hike
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House Passes Stopgap Funding Bill, Averting Shutdown
By Michael RaineyJust hours before a midnight deadline, the House on Friday passed a short-term bill that will keep government agencies funded until December 16. President Joe Biden is expected to sign the bill into...
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Six GOP States Sue to Stop Biden Student Debt Relief Program
By Michael RaineySix states led by Republicans filed a lawsuit Thursday that seeks to halt President Joe Biden’s plan to forgive up to $20,000 in student loan debt for millions of Americans. Filed in federal court in...
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Congress on Track to Fund Government, Avoid Shutdown
By Michael RaineyThe Senate on Thursday passed a stopgap funding bill that will keep the government open until December 16, taking a major step to avoid a shutdown less than 36 hours before a midnight Friday deadline...
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Senate Set to Pass Funding Bill to Avert Shutdown
Congress is on track to avert a partial government shutdown with two days left until the deadline. With lawmakers eager to get back to campaigning ahead of November’s elections, the Senate on Tuesday...
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Libertarian Group Sues to Stop the Biden Repayment Plan
By Michael RaineyA conservative group filed suit Tuesday to put a halt to the Biden administration’s student debt forgiveness plan. The Pacific Legal Foundation, a libertarian public interest law firm based in...
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Biden’s Student Debt Forgiveness Plan Will Cost $400 Billion Over 30 Years: CBO
By Michael RaineyPresident Joe Biden’s plan to forgive up to $20,000 in student loan debt for millions of borrowers would cost an estimated $400 billion over 30 years, the Congressional Budget Office said Monday,...
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Democrats Dump Manchin Energy Permitting Plan From Funding Bill
By Michael RaineyFacing a crippling lack of support on both sides of the aisle, Sen. Joe Manchin (D-WV) on Tuesday asked Senate Majority Leader Chuck Schumer (D-NY) to pull a controversial energy permitting reform...
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Pandemic Unemployment Fraud Totaled $46 Billion, Watchdog Says
A federal watchdog’s estimate of potential unemployment fraud during the pandemic has swelled to nearly $46 billion. The Labor Department’s Office of Inspector General said in a report this week that...
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McCarthy Rolls Out a Republican Agenda
By Michael RaineyHouse Minority Leader Kevin McCarthy (D-CA) on Friday unveiled a conservative populist agenda ahead of the midterm elections, giving voters a sense of what Republicans hope to accomplish if they can...
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Manchin’s Energy Bill, Under Fire From Left and Right, Complicates Funding Patch
By Michael RaineySen. Joe Manchin (D-WV) finally released the text of his bill to overhaul federal rules governing the permitting system for energy projects, but the proposal is being criticized by both liberal...
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Has Biden Been Fiscally Responsible? He Says Yes, Budget Group Says No Way
President Joe Biden has frequently touted the deficit reduction under his administration. He did it again at the White House event Tuesday celebrating last month’s passage of the Inflation Reduction...
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US Posts $220 Billion Deficit in August
The U.S. government ran a $220 billion deficit in August, up 29% from a $171 billion shortfall in the same month a year ago, the Treasury Department said Tuesday. For the month, federal revenues grew...
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The ‘Astounding’ Decline in US Child Poverty
By Michael RaineyThe child poverty rate in the U.S. has fallen dramatically over the last quarter century, and an expanded social safety net has played a leading role in the remarkable decline, according to a...
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The Cost of Congress’s January 6 Committee
The House Select Committee investigating the January 6, 2021, attack on the United States Capitol has spent more than $3 million so far this year, Jake Sherman and John Bresnahan of Punchbowl News...
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US Military Aid to Ukraine Tops $15 Billion
By Michael RaineyIn an unannounced visit to Kyiv on Thursday, Secretary of State Antony Blinken said that the U.S. would be providing an additional $2.8 billion in military aid to Ukraine and other countries in...