Budget Battles
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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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Marjorie Taylor Greene Says She’ll Force Vote to Oust Johnson
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Trump Tax Cut Extension Would Cost $4.6 Trillion: CBO
By Michael RaineyLawmakers in Washington will need to address some serious fiscal questions next year, not least of which is what to do about Trump-era tax cuts set to expire at the end of 2025. Some in Congress want...
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House Kills Marjorie Taylor Greene Motion to Oust Speaker Johnson
The House on Wednesday afternoon quickly dispensed with Republican Rep. Marjorie Taylor Greene’s motion to oust Speaker Mike Johnson. After a couple days of discussions with Johnson, Greene moved...
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Biden Touts Economic Policies — and Tweaks a Noted Trump Failure
By Michael RaineyPresident Biden on Wednesday highlighted his “Investing in America” economic strategy in a visit to the site of a Microsoft data center being constructed in Racine, Wisconsin — the same place where...
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Greene Eases Off Ouster Threat Against Johnson, but Issues Four Demands
Donald Trump may be spending much of his time in a New York courtroom these days — adult film actress Stormy Daniels took a salacious star turn testifying in the hush-money criminal case today — but...
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Speaker Johnson Meets With GOP Rebels, Will Continue Talks Tomorrow
House Speaker Mike Johnson met Monday with Reps. Marjorie Taylor Greene and Thomas Massie, the Republican hardliners who announced last week that they would seek to force a vote to oust him within...
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Biden Forgives Another $6 Billion in Student Loans
By Michael RaineyThe Biden administration on Wednesday announced it would erase roughly $6.1 billion in additional student loan debt. The latest round of debt forgiveness is specifically for 317,000 borrowers who...
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Marjorie Taylor Greene Says She’ll Force Vote to Oust Johnson
Republican Rep. Marjorie Taylor Greene announced Wednesday that she will force a vote next week on her motion to oust Speaker Mike Johnson, even as her odds of succeeding appear to be nil. Republican...
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Democratic Leaders Vow to Save Republican Speaker Mike Johnson
Congress may be done funding the government for the rest of the fiscal year and pushing through a major foreign aid package, but the fallout from those contentious spending bills isn’t over yet. With...
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Global Military Spending Reached a Record $2.4 Trillion Last Year: Study
We told you earlier this month that global defense spending had reached a record $2.2 trillion last year. A study released Monday by the Stockholm International Peace Research Institute puts that...
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Senate Advances $95 Billion Aid Package for Ukraine, Israel and Taiwan
The Senate voted Tuesday to advance the $95 billion aid package for Ukraine, Israel and Taiwan and is now poised to send the bill to President Joe Biden’s desk tonight or tomorrow. A motion to end...
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Cracks Already Forming in Biden’s Big Infrastructure Deal
By Michael RaineyWell, that didn’t take long. Less than 24 hours after President Joe Biden stood on the White House driveway with a bipartisan group of senators and announced a roughly $1 trillion agreement on an...
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Democrats Eye Two Tracks for Raising Debt Ceiling
By Michael RaineyWith Treasury Secretary Janet Yellen warning lawmakers that the debt ceiling needs to either be raised or have its suspension extended before August 1, Democrats are considering two approaches to the...
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What’s in — and What’s Left Out of — Biden's Bipartisan Infrastructure Deal
The infrastructure deal agreed to by President Joe Biden and a bipartisan group of senators would spend $973 billion over five years, or $1.2 trillion if extended to eight years, on a range of...
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Deal! Biden, Senators Agree on $1 Trillion Infrastructure Package
President Joe Biden and a bipartisan group of 10 centrist senators announced Thursday that they had reached an agreement on a long-sought package to invest hundreds of billions of dollars in the...
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With Time Running Short, Paying for Infrastructure Deal Remains a Roadblock
Lawmakers and the White House continue to haggle over an infrastructure deal, with differences over how to pay for the proposed spending still the major sticking point. The pressure to make progress...