Trump gets religion on spending restraint: I’m not naive enough to think that Trump will morph into Javier Milei. But I’m hoping he might meet my minimum test of GOP fiscal rectitude, which would mean bringing spending back down to the pre-pandemic trendline. That would still mean govern...
Under the proposed plan, hiking the debt limit and cutting spending would be done through the filibuster-skirting process Republicans hope to use next year to pass major bills on a simple-majority vote in the Senate. The plan would defy Trump’s demands, as the president-elect insisted this ...
the payroll tax holiday enacted under President Obama, and ahost of other tax breaks. The second is $1.2 trillion in automatic spending cuts to defense and domestic programs that are looming due to a 2011 deal
January 9, 2019 – One of thebiggest mythsabout government shutdowns is that presidents usually win. This may explain why President Donald Trump threatened to continuethe shutdown for months, even years. However, a poll conducted in the first week of January shows that 51 percent of adults b...
“But that’s been even more challenging than FEMA,” she said. “They asked for every document under the sun.” Coppi made it to the second round but still has not heard any news from HCR. She does not know anyone in her community who received this funding, only those who were denie...
Chancellor Rachel Reeves's fiscal rules are under scrutiny, with concerns of higher taxes or spending cuts on the horizon, as she jets off to China with the governor of the Bank of England Andrew Bailey. And Sir Keir Starmer's plan to tackle people smuggling - is it realistic? 👉 Li...
The process:“During jury selection, Trump has heard himself described by those under consideration as racist and sexist and a narcissist,” report Erica Orden and Ben Feuerherd.“He’s been presented with social media posts calling for officials to ‘lock him up.’ He’s been told, to his...
An earlier deal he crafted over several weeks of talks with Democrats collapsed when Republicans, led by Trump and billionaire Elon Musk, revolted against many spending provisions that went beyond extending funding at current levels. Trump's opposition sank that version of the bill, which stretched...
Lawmakers needed to approve more spending by Oct. 1, the start of the new fiscal year, or they would have risked a costly shutdown that could have hadwide-ranging impacts on federal services. In the weeks leading up to the bill's passage, Republicans in control of the House had been di...
Oil capex is down and not coming back until prices rise, and the US budget deficit is down further as well, and I see nothing else stepping up to replace the reduced private and public deficit spending that was offsetting the demand leakages (unspent income) inherent in the institutional stru...