Budget Battles
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Blowout Job Growth Points to ‘Mother of All Soft Landings’
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Cost Estimates Soar for Hurricane Helene
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Feds Warn Emergency Funds Running Low as Biden Deploys Troops to Southeast
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Speaker Johnson Outlines 5-Point Republican Agenda for 2025
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Biden May Call Congress Back to Pass Hurricane Relief
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Harris Tries to Flip Trump’s Biggest Advantages
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US Economy Stronger Than Previously Thought
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Speaker Johnson Outlines 5-Point Republican Agenda for 2025
House Speaker Mike Johnson pitched Wall Street today on Republicans’ agenda of tax cuts and deregulation, promising to deliver an economic boost while also pursuing “fiscal responsibility” if former...
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Harris Tries to Flip Trump’s Biggest Advantages
Former President Donald Trump met with Ukrainian President Volodymyr Zelensky this morning before heading to Walker, Michigan, for a campaign event, where he criticized Vice President Kamala Harris...
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Harris Slams Trump’s Economic Plans, Says She Will Grow the Middle Class
By Michael RaineyVice President Kamala Harris provided an overview of her economic plan Wednesday, expanding upon her vision of an “opportunity economy” built around a thriving middle class. In a speech at the...
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Moody’s Warns Growing Deficits Could Take a Toll on US Credit Rating
By Michael RaineyPolitical polarization could make it more difficult for the next administration in Washington to address the country’s deteriorating fiscal situation, and that may have negative implications for the...
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Trump's Tax Cut Wish List Tops $11 Trillion
By Michael RaineyFormer President Donald Trump is piling up the tax cut proposals as he seeks to win votes from the likes of service workers in Nevada and Social Security recipients in Florida, and the price tag of...
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In Michigan, Trump Pitches Tariffs and Slams Harris on Taxes
In his first appearance on the campaign trail since a second apparent assassination attempt, former President Donald Trump on Tuesday evening made an economic pitch to Michigan voters centered on...
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Trump Pledges to Restore SALT Write-Off
By Michael RaineyDonald Trump suggested Tuesday that he would restore the full tax write-off for state and local taxes, a deduction that was limited to $10,000 in the tax package he signed into law during his time in...
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Trump Says He’ll Push to End Taxes on Overtime Pay
By Michael RaineyRepublican presidential nominee Donald Trump has found another tax he wants to eliminate: federal taxes on overtime pay. Campaigning on Thursday in Tucson, Arizona, Trump told supporters that his new...
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Biden Administration Rolls Out New Rules for Minimum Corporate Tax
By Michael RaineyThe Treasury Department on Thursday released a draft of new rules detailing the corporate alternative minimum tax that was signed into law as part of the 2022 Inflation Reduction Act. Intended to...
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What Harris and Trump Said on Taxes and Healthcare at the Debate
Last night’s debate between Vice President Kamala Harris and former President Donald Trump likely won’t be remembered for fiscal policy points as much as, say, discussion about abortion, immigration...
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Trump Economic Plans Would Cost More Than $4 Trillion: Analysis
By Michael RaineyAn array of tax and spending proposals put forth by former President Donald Trump would raise the federal budget deficit by more than $4 trillion over the next 10 years, according to an analysis by...
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Borrowing From Trump, Harris Endorses Eliminating Taxes on Tips
By Michael RaineyAs she prepares to release her economic policy platform later this week, Vice President Kamala Harris is borrowing a page from her rival’s playbook, announcing at a campaign rally in Las Vegas on...
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The Fiscal Records of Kamala Harris and Tim Walz
By Michael RaineyJust days into their run for office, Vice President Kamala Harris and Minnesota Gov. Tim Walz have not yet released any detailed policy proposals, but their track records give us a sense of the kinds...
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Deficit Hits $1.5 Trillion in First 10 Months of Fiscal Year: CBO
By Michael RaineyThe federal budget deficit was $1.5 trillion in the first 10 months of the 2024 fiscal year, according to an initial estimate released by the Congressional Budget Office released Thursday. The...
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Trump’s Social Security Tax Plan Would Cost $1.5 Trillion: Analysis
By Michael RaineyFormer President Donald Trump suggested this week that he wants to repeal the income tax on Social Security benefits. “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” he posted on his social media...