Budget Battles
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Decision Day Looms for the Fed
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‘Five-Alarm Fire’: White House Slams GOP Budget Proposal
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GOP Senators Take Aim at Biden’s Student Loan Forgiveness Plan
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Yellen Trashes GOP Plan to Prioritize Debt Payments
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GOP Budget Goal Would Require ‘Massive’ Cuts
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Warning Signs in New Inflation Report
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Will the Fed Slam on the Brakes After Bank Failures?
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Health Care Spending Growth Continues to Slow, CBO Says
By Michael RaineyThe Congressional Budget Office says the projections it made soon after the passage of the Affordable Care Act overestimated the level of federal mandatory spending on health care for the period 2010...
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Insulin Makers Lowered Prices to Save — and Make — Money
Drugmaker Sanofi said Thursday that it will cut the list price of its most widely prescribed insulin by 78% and cap out-of-pocket costs for the drug at $35 a month for all patients with private...
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Biden Pitches Higher Taxes on the Rich to Help Save Medicare
President Joe Biden on Tuesday previewed his plan to address a looming Medicare funding crisis, proposing to extend the solvency of a key program trust fund by raising taxes on people making more...
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How Biden May Try to Shore Up Medicare
The White House is set to release President Biden’s budget proposal for fiscal year 2024 next Thursday. The president has previewed some broad points, saying that the plan will reduce deficits by $2...
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Eli Lilly Says It Will Slash Insulin Prices, Cap Monthly Costs at $35
Drug giant Eli Lilly said Wednesday that it will slash the price of its most commonly prescribed insulin products by 70% and expand a program capping diabetic patients’ out-of-pocket insulin costs at...
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Biden Says Republicans Are Coming for Medicaid and Obamacare, Too
President Joe Biden continued his attacks on Republicans Tuesday, warning in a speech from Virginia Beach, Virginia, that some in the GOP would raise health care costs, cut vital programs like...
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Pence Wants to Put Social Security and Medicare Cuts Back on the Table
By Michael RaineyIn the wake of relentless criticism from both Democrats and Republicans, Sen. Rick Scott (R-FL) late last week revised his proposal to bring all government programs, including Social Security and...
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Trump’s Former GOP Budget Director Pushes Plan That Would Slash Spending
By Michael RaineyHouse Republicans are calling for significant spending cuts as they seek to balance the federal budget within 10 years, but so far, they have failed to provide a plan showing how they might reach...
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As Haley Announces Presidential Bid, Trump Attacks Her on Social Security and Medicare
Nikki Haley, the 51-year-old former governor of South Carolina and U.S. ambassador to the United Nations in the Trump administration, officially jumped into the 2024 presidential race Wednesday with...
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US on Pace to Add $19 Trillion to National Debt Over Next Decade: CBO
By Michael RaineyFederal finances are deteriorating more rapidly than expected, the Congressional Budget Office said Wednesday as it released its 10-year outlook for the federal budget and the U.S. economy. The 101-...
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Biden and Republicans Clash Again Over Social Security, Medicare
President Joe Biden and Republicans are continuing their war of words over Social Security and Medicare. At an event in Tampa, Florida, on Thursday, Biden again hammered Sen. Rick Scott (R-FL) and...
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Biden and GOP Tangle Over Social Security and Medicare
By Michael RaineyRabble-rousing Republicans keep giving President Joe Biden wins. In a particularly tumultuous moment in his State of the Union address Tuesday night, Biden accused a handful of Republicans of...
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Biden’s Bets on Taxes and Health Care
As President Biden addresses Congress and the nation tonight, he’ll be looking to sell the American public on his accomplishments and lay the groundwork for his re-election bid. You’re sure to hear...
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US Health Care System: High Cost, Poor Performance
By The Fiscal Times StaffYou may already know this sad fact about US health care: We spend more than any other high-income country but get worse outcomes. That shocking truth is no longer surprising, but a new report by The...
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US Covid Emergency to End in May
By Michael RaineyPresident Joe Biden plans to end the emergency federal response to Covid-19 on May 11, the White House told Congress Monday evening, as public health officials shift toward treating the viral...