Budget Battles
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Debt Limit Deal Clears a Major Hurdle
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Republicans Revolt Against McCarthy’s Deal
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Yellen Warns Default Deadline Just 10 Days Away
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Right and Left Fume as Negotiators Near a Debt Limit Deal
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Republicans Rebuff Biden Offers as Debt Talks Bog Down
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Debt Talks ‘Nowhere Near a Deal’ as Deadline Looms
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No Deal Yet but McCarthy Says Biden Meeting ‘Productive’
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Social Security Trust Fund to Be Tapped Out in 2033: Report
As America ages, retirees on Social Security face steep automatic cuts starting in 2033 while the trust fund for Medicare’s hospital coverage is on pace to be exhausted by 2031, according to annual...
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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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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...
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Kevin McCarthy Plans a Debt Limit Showdown
Republican are prepared to play with fire if they win control of the House. Minority Leader Kevin McCarthy (R-CA) confirmed in a newly published interview with Punchbowl News that the GOP will look...
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Republicans Plan to Use Debt Limit Leverage to Reduce Social Security, Medicare: Report
By Michael RaineyRepublicans in the House are planning to use a potential showdown next year over raising the federal debt limit to make changes in Social Security and Medicare, Bloomberg’s Jack Fitzpatrick reports...
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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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Some Republicans Keep Floating Social Security and Medicare Privatization
Politico’s Natalie Allison reports that some Republicans keep floating the idea of privatizing Social Security and Medicare, despite the political perils involved in raising the idea — and despite...