Gross domestic product rebounded in the spring after contracting at the start of the year, but consumer spending remained weak.
Category: Federal Budget (US)
-
Trump Administration Illegally Withheld Head Start Funds, Watchdog Finds
It’s the third time this year that investigators from the Government Accountability Office have determined the administration defied Congress on spending.
-
White House Pushes to Block Government Accountability Office Inquiries Into Its Cuts
Republicans are seeking to undermine the Government Accountability Office as it investigates, and considers suing, over the Trump administration’s withholding federal funds.
-
PBS and NPR’s Last-Ditch Fight to Save Funding
As a vote to cut more than $500 million per year in federal funding nears, stations are making their pitches to lawmakers, listeners and “Viewers Like You.”
-
Energy Department to Gut Funding for Solar and Wind Projects
Stripping hundreds of millions of dollars from renewable energy and efficiency initiatives is part of a broader move to undo efforts to wean the United States off fossil fuels.
-
Trump Takes Reins on U.S. Economy With Policy Bill and Tariffs Renewal
President Trump has achieved much of his agenda, leaving the fate of the economy squarely in his hands.
-
Poorest Americans Would Be Hurt By Trump’s Big Bill
Small improvements in taxes are overshadowed by cuts to health insurance and other federal aid, resulting in a package favoring the wealthy.
-
What Business Is Watching in Negotiations Over Big Policy Bill
Senate Republicans are debating changes to the legislation, after a key official rejected some proposals. Time is ticking for hitting President Trump’s deadline.
-
Some Republicans Join Democrats in Unease Over White House Budget Cuts
President Trump has sought to claw back funds for public broadcasting and foreign aid, sparking a fierce debate over the power of the purse.
-
Record Debt Limit Increase Would Break Republican Precedent
A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility.
-
Trump Official Eyes Power of Rescission to Override Congress on Spending
The president’s top aides have signaled they may seize on a timing quirk in law to cancel enacted funds, setting up a clash over the power of the purse.