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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Social Security? Inflation? Dems Still Searching for a Winning Election Message
With Election Day a week away, President Joe Biden headed to South Florida on Tuesday to warn — again — that Social Security and Medicare are “under siege” by Republicans and that the future of the...
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A New Proposal to Cut the Deficit and Fight Inflation
The Committee for a Responsible Federal Budget on Wednesday issued a model deficit-reduction plan that it says would put the United States on a sustainable fiscal path and secure the solvency of...
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Republicans Will ‘Crash the Economy,’ Biden Warns
By Michael RaineyPresident Joe Biden on Monday delivered what he called his “closing argument” to voters ahead of the midterm elections, which he said offered “a choice between two vastly different visions for...
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Biden Trumpets Falling Deficit, Slams Republican Agenda
With less than three weeks to go until Election Day, President Joe Biden on Friday sought to pitch Americans on the progress of his economic agenda and the strength of the economy, pointing to a...
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McCarthy Looks to Defuse Fears That GOP Would Slash Social Security
House Republican Leader Kevin McCarthy on Wednesday tried to assuage any fears that the GOP would look to slash Social Security and Medicare as part of a plan to leverage the debt ceiling to force...