Small improvements in taxes are overshadowed by cuts to health insurance and other federal aid, resulting in a package favoring the wealthy.
Category: Federal Budget (US)
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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.
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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.
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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.
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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.
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Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’
Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.
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The House’s Policy Bill Would Lose Money. Could Trump’s Tariffs Replace It?
The short answer is probably not, according to multiple forecasters.
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F.D.A. Looks to A.I. to Enhance Efficiency
With a Trump-driven reduction of nearly 2,000 employees, agency officials view artificial intelligence as a way to speed drugs to the market.
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Counting Up the Potential Costs of the Trump-Musk Rift
The clash between the president and Teslas C.E.O. wiped billions off the electric vehicle maker’s market capitalization. Other risks abound.
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Deficit Politics Returns in Debate Over Trump Tax Cuts
The legislation that Republicans are trying to push through Congress could swell the very fiscal imbalance that party leaders have promised to tame for years.