Tax cuts and military spending are retained. Senator Mike Braun introduced a plan Tuesday to bring the federal budget into balance over 10 years. The Indiana businessman is…
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CBO Concerned About Increasing Deficit
Presidential executive actions are contributing to the problem. A letter from the Congressional Budget Office (CBO) in response to an inquiry by a congressman from Missouri confirms that…
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IRS To Clear 2021 Backlog This Week
Treasury secretary calls for additional funding as the service continues to struggle. The Internal Revenue Service (IRS) said on Tuesday that, by the end of this week, they…
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President Comments on U.S. Economy
Promotes the American Jobs Plan. President Joe Biden spoke this week on the state of the U.S. economy and what his administration plans to do to address it.…
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Speaker Pelosi Announces Minimum Annual Pay in House
One in eight congressional staffers make less than $42K. Last week, House Speaker Nancy Pelosi announced that starting in September, the House of Representatives will be implementing minimum…
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White House Planning New Type of Income Tax
Unrealized gains of billionaires are the new tax target. President Biden announced a new taxation plan he says will raise an additional $1 trillion by fundamentally changing the…
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President Biden Submits the 2023 Fiscal Year Proposal
Budget reveals the president’s priorities and leadership goals. President Biden submitted his proposed budget for the 2023 fiscal year to Congress on Monday. The $5.8 trillion plan will…
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Senate Averts Government Shut Down
Short-term continuing resolution passed Thursday evening. On Thursday, the U.S. Senate voted to pass a short-term continuing resolution (CR) to keep the government funded past Friday’s deadline. The…
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National Debt Exceeds $30 Trillion
Treasury Department announces sobering milestone. America’s total national public debt outstanding is now above $30 trillion, according to Treasury Department data. Government borrowing accelerated during the COVID-19 pandemic as…
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Debt Limit Deal Advances in Senate
A vote is expected on Friday as Senate clear procedural hurdles. The Senate took a step toward increasing the federal government’s debt limit by voting to limit debate…
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