Budget Battles
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Biden Goes Out With a Bang in the Jobs Market
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Trump Privately Pushes Senators for ‘One Big, Beautiful Bill’
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Trump Considers Declaring National Emergency for Tariff Rollout
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Trump Unloads: Grievances, Greenland and the Gulf of Mexico
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Republicans Divided Over How to Pass Trump’s Agenda
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Trump Pushes Johnson to Victory as Speaker
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Johnson Faces Battle for the Speaker's Gavel
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Extending Trump Tax Cuts Would Benefit Top Earners the Most: Treasury
As Republicans prepare to extend the 2017 Trump-era tax cuts that are currently scheduled to expire at the end of the year — or make them permanent — a new analysis by the Treasury Department finds...
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Trump Privately Pushes Senators for ‘One Big, Beautiful Bill’: Reports
President-elect Donald Trump emerged from a meeting with Senate Republicans Wednesday night insisting that, whether it’s in one bill or two, his agenda will get enacted — but his comments made clear...
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Taxpayer Advocate Calls on Congress to Maintain IRS Funding
National Taxpayer Advocate Erin M. Collins told lawmakers today that the Internal Revenue Service has made significant progress in improving taxpayer service but warned that “continued funding is...
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Trump Considers Declaring National Emergency to Speed Tariff Rollout
By Michael RaineyDonald Trump’s unwavering faith in the power of tariffs was on display again this week as he threatened to use import taxes "at a very high level" against Denmark in his quest to acquire Greenland,...
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Trump Doubles Down on Universal Tariff Policy
By Michael RaineyPresident-elect Trump has vowed to impose a new slate of tariffs on imported goods as part of an effort to boost domestic production, raise federal revenues and punish competing nations, but the...
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One Bill or Two? Republicans Split on Strategy to Pass Trump Agenda
With President-elect Donald Trump set to take office in two weeks, Republican leaders are speeding ahead with plans to quickly enact their sweeping agenda. Just how they hope to accomplish it —...
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Johnson Wins Speaker’s Gavel After GOP Holdouts Flip Votes
By Michael RaineyThe outcome was uncertain until the final moment, but Republicans on Friday succeeded in electing Mike Johnson to a new term as speaker of the House, kicking off the 119th Congress and a new era of...
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Another $20 Billion Cut from IRS Funding
By Michael RaineyThe battle over enhanced funding for the IRS took a new twist in December as Republican lawmakers set up another $20 billion cut for the tax agency in the short-term funding deal that prevented a...
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Hawley Proposes Major Increase in the Child Tax Credit
By Michael RaineySen. Josh Hawley is calling for the Child Tax Credit to more than double in value, rising from the current maximum of $2,000 per child to $5,000 per child annually. Parents would be able to claim the...
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House Freedom Caucus Says Border Before Taxes
By Michael RaineyThe House Freedom Caucus said Friday that it wants the new Congress to quickly pass a reconciliation bill focused on border issues and then move on to a second, more complicated bill that addresses...
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Wall Street Has Doubts About DOGE — but Firmly Believes Trump Will Cut Taxes
Wall Street investors don’t believe that President-elect Donald Trump will fully follow through on some key campaign promises — but they are confident that he will deliver tax cuts. Counting on tax...
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Trump Threatens 100% Tariffs Against BRICS Nations
By Michael RaineyAlthough he will not take office for another seven weeks, President-elect Donald Trump issued a threat to the so-called BRICS nations over the weekend, saying he will impose a 100% tariff on imports...
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Trump Promises Immediate New Tariffs on Mexico, Canada and China
President-elect Donald Trump promised Monday evening that on his first day in office he will slap a 25% tariff on all goods imported from Canada and Mexico — the top two U.S. trading partners — and...
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IRS Faces a Surprise $20 Billion Funding Crunch
The Treasury Department is warning that $20 billion for Internal Revenue Service enforcement efforts is effectively frozen as the result of legislative language used in the stopgap law passed to fund...
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National Debt Tops $36 Trillion
By Michael RaineyOn Thursday, the gross U.S. national debt surpassed $36 trillion for the first time, according to data from the Treasury Department . Debt held by the public – a subset of the gross national debt...