Asked by Sky News political editor Beth Rigby if Mr Trump had "bounced" him into setting out a timeline, given he has long called for European countries to boost defence spending, the prime minister said: "I think in our heart of hearts, we've all known that this d...
Trump is blatantly ignoring Congress’ power of the purse, a prerogative so elementary it’s kids’ stuff; see “Schoolhouse Rock.” His order freezing nearly all federal spendingcaused chaoshere and abroad that didn’t fully abate despite rulings from separate federal judgesin Washingtonand Rhode...
The European Union will propose extending €150 billion in loans to boost defense spending as the bloc tries to adjust to Trump’s abrupt pullback ofAmericansecurity. Aramco cut the world’s biggest dividend in a blow for Saudi Arabia’s widening budget deficit, as the company seeks to reliev...
A sweeping White House order to freeze federal grants and allocations reflects a theory of presidential power that Donald Trump clearly endorsed during his 2024 campaign
Trump argues that lawmakers’ budget actions “set a ceiling” on spending but not a floor — meaning the president’s constitutional duty to “faithfully execute the laws” includes discretion on whether to spend the money. This interpretation could set up a court battle with Congress. As a...
At face value, the Monday evening memo from Matthew Vaeth, acting director of the White House Office of Management and Budget, is meant to bring federal spending in line with Trump’sexecutive actions, notably on LGBTQ+ issues, civil rights, energy and environmental policy. ...
What’s next for Trump agenda after House GOP approves tax breaks and slashed spending in budget 28 mins ago Democratic governors pitch state jobs to federal workers cut by Trump 3 hours ago Musk and his ‘humble tech support’ effort get star turn at Trump’s Cabinet meeting 1 hour...
“It has a spending problem.” He believes Trump holds a similar view and will look to lower taxes and lower interest rates, which will benefit everyone, including retirees. Other finance experts agree that Trump will likely promote lower taxes, but they aren’t convinced t...
Trump has promised to protect Medicare and ensure seniors are not burdened by excessive costs, though his previous budgets included spending reductions that sparked concern. "I will fight for and protect Social Security and Medicare. There will be no cuts, and we won't be raising the age, lik...
President Trump on Saturday touted his campaign promise for tax-free tips and thanked Nevada voters for delivering his win as he stopped for a victory lap in the battleground state that flipped red for the first time in decades in November. “In the comi