Biden, who accepted the Democratic nomination on Thursday to challenge Trump in the Nov. 3 election, spent nearly $60 million while the president's re-election campaign disbursed nearly $65 million. The disclosures show how close the money race has become between Trump and the former U.S. vi...
If there was a shutdown, Democratic President Joe Biden would take the blame, Trump insisted. “All Republicans, and even the Democrats, should do what is best for our Country, and vote “YES” for this Bill, TONIGHT!” Trump wrote Thursday, before a vote on...
Under Trump and Biden, the spending burden has grown much faster (even if we ignore the orgy of COVID spending). Unfortunately, it is likely that the next four years will be just as bad as the past eight years. That’s because both Donald Trump and Kamala Harris are big spenders. Not...
The Trump administration, in a letter Thursday, directed states to stop spending money forEV charging infrastructure— funds that had been allocated under former President Joe Biden. President Trump has slammed federal funding for electric vehicle chargers as "an incredible waste of taxpayer...
* Excluding federal grants (which are counted under federal spending), from 1959 to 2022, the portion of U.S. state and local government current expenditures that were spent on: social programs rose from 55% to 60% and then declined to 55%. general government and debt service grew from ...
Under terms of an agreement that former Speaker Kevin McCarthy, R-Calif.,worked outwith then-President Joe Biden, spending for defense and nondefense would increase by 1% for the current budget year, which began Oct. 1. That would bring the tallies to about $895.2 billion ...
The Trump administration, in a letter Thursday, directed states to stop spending money forEV charging infrastructure— funds that had been allocated under former President Joe Biden. President Trump has slammed federal funding for electric vehicle chargers as "an incredible waste of taxpayer dollars."...
can be produced only by a more rapid increase in the quantity of money than in output.” When the government is borrowing and spending a lot of money, the quantity of money goes up, which puts upward pressure on inflation. And the government under Biden has been spending a lot of money...
2025 The Trump administration, in a letter Thursday, directed states to stop spending money for EV charging infrastructure — funds that had been allocated under former President Joe Biden. CBS News, 7 Feb. 2025 White House press secretary Karoline Leavitt said Wednesday that the executive branch ...
Still, budget deficitsare likely to remain elevated under Biden or Trump, saidLibby Cantrill, head of U.S. public policy at PIMCO. “The extent of those deficits will, in part, depend on the composition of Congress and whether either candidate has united control of Congress or not,” she...