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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A Plan to Discourage Early Social Security Claims
By Michael RaineyConcerned about the number of Americans who are claiming Social Security in their early 60s, a bipartisan group of senators is calling for changes in how the federal government explains the options...
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Millionaires Are Done Paying Social Security Taxes for The Year
The payroll tax that finances Social Security requires workers to pay 6.2% of their earnings up to a cap of $160,200 for this year. Employers pay another 6.2%. Sarah Rawlins of the left-leaning...
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Sanders Pitches Biden on Social Security Rescue Plan
By Michael RaineySen. Bernie Sanders (I-VT) is trying to convince President Joe Biden to embrace a plan that would fully fund Social Security for more than seven decades, as well as raise benefits by $2,400 a year...
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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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A New Twist in the GOP Feud Over Social Security Cuts
By Michael RaineyAs Democrats led by President Joe Biden continue to gleefully attack Republicans for proposals both new and old that would cut or otherwise undermine Social Security and Medicare, GOP leaders have...
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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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Why Biden Will Keep Hammering the GOP on Social Security
President Biden spent much of last week lambasting Republicans for proposals by some in the GOP that he said would threaten Social Security and Medicare. Republicans gave fresh life to those attacks...
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McConnell Slams Scott as Republicans Feud Over Social Security
President Joe Biden has spent much of this week blasting a proposal from Republican Sen. Rick Scott of Florida to have all federal programs, including Social Security and Medicare, sunset in five...
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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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Round 1 in the Debt Limit Fight
The slowly unfolding fight over the debt limit and federal spending will inch forward on Wednesday as President Joe Biden and House Speaker Kevin McCarthy meet, their first such sit-down since...
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Biden Warns GOP Agenda Would Bring Chaos
As Republicans and Democrats gird for a prolonged fight over the debt ceiling, President Biden on Thursday attacked the GOP for ideas that he said could result in economic chaos. At an event held in...
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McCarthy Agrees Not to Cut Social Security, Medicare in Debt Talks, Manchin Says
By Michael RaineyDemocratic Sen. Joe Manchin, the West Virginia centrist, played a key role in an evenly divided Senate over the last two years. Democrats may have gained a seat in the Senate, but Manchin appears to...
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McConnell Set to Make History After Fending Off a Revolt
Sen. Mitch McConnell (R-KY) was reelected by his caucus as Senate Republican leader, fending off a challenge from Sen. Rick Scott of Florida — the first such challenge McConnell has faced in 15 years...