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House Republicans Pass Historic Spending Bill in Narrow Vote

The US House of Representatives narrowly passed a multi-trillion dollar government spending bill on Tuesday, marking a major victory for President Donald Trump and Republican House Speaker Mike Johnson. The 217-215 vote, largely along party lines, has significant implications for the country's fiscal policy and may set a precedent for future budgets. The bill includes substantial tax cuts and spending boosts, which are expected to impact low-income families and federal programs.

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House Unveils Trump-Backed Bill to Avert Government Shutdown Δ1.86

The House Republicans' spending bill aims to keep government agencies open through September 30, despite opposition from Democrats who fear it will allow billionaire Elon Musk's cuts to continue unchecked. The move sets up a dramatic confrontation on Capitol Hill next week, with Speaker Mike Johnson attempting to pass the 99-page bill without Democratic support. If the bill fails, Congress is likely to pass a temporary stopgap measure, buying more time for lawmakers to forge a compromise.

Congressional Republicans Seek to Unite Around Bill to Avert Government Shutdown Δ1.82

The Republican-controlled U.S. Congress appears set to pass a bill to keep the government funded and avert a partial shutdown on Saturday, with hardline members signaling support for the measure despite previous opposition. The House is expected to vote on the bill this week, with Speaker Mike Johnson planning a procedural vote on Monday. Senate Democrats have expressed willingness to support the bill, which would maintain funding levels through September 30.

US House Republicans Unveil Six-Month Stopgap Bill to Avert Shutdown Δ1.80

The US House Republicans have unveiled a six-month stopgap government funding bill that would fund the government through September 30, allowing lawmakers to avoid a potential government shutdown on March 14. The proposal, which has been closely coordinated with the White House, includes funding for defense and non-defense spending at levels approved during the last administration. However, Democrats have spoken out against the plan, calling it a "power grab" by the Trump administration.

Trump Says Government Shutdown Is Possible, but Expects to Avert It Δ1.80

Trump optimistic about passing temporary funding billRepublican support for stopgap measure boosts chances of passage.Trump urged his fellow Republicans to vote in favor of the six-month stopgap spending bill, which would fund the government at current levels until September 2025. The House is expected to vote on the measure on Tuesday, with some hardline Republicans showing signs of wavering in their opposition. Trump's support for the funding plan has encouraged many lawmakers to back the measure.

Government Shutdown Looms: Republicans' Last-Minute Demands Raise Risk Δ1.80

Two Democrats in Congress said on Friday that Republicans have raised the risk of a government shutdown by insisting on including cuts made by President Donald Trump's administration in legislation to keep the government operating past a mid-March deadline. Senator Patty Murray of Washington and Representative Rosa DeLauro of Connecticut, the top Democrats on the committees that oversee spending, stated that the Republican proposal would give Trump too much power to spend as he pleased, even though Congress oversees federal funding. Lawmakers face a March 14 deadline to pass a bill to fund the government, or risk a government shutdown.

House Leadership at Stake in Us Government Shutdown Threat Δ1.79

U.S. House Speaker Mike Johnson hopes to pass a "clean" stopgap federal funding bill that would freeze funding at current levels to avert a partial government shutdown, which could otherwise go into effect on March 15. The bill aims to restore stability and avoid the negative economic impacts of a government shutdown. However, disagreements between lawmakers remain unresolved, with Democrats resisting a spending bill that does not address their policy priorities.

Senate Republicans Push to Codify DOGE Cuts After Musk Meeting Δ1.79

U.S. Senate Republicans pushed for the U.S. Congress to codify spending cuts identified by billionaire Elon Musk's Department of Government Efficiency on Wednesday, after the Supreme Court declined to let President Donald Trump withhold payments to foreign aid organizations. This move aims to formalize the spending reductions into law, preventing potential future disputes over their implementation. The proposal also seeks to address public concerns about the DOGE's methods and ensure accountability for its actions. Senate Republicans acknowledged that the Supreme Court ruling does not bode well for White House hopes of taking unilateral action on spending cuts.

US Congress Deadlocked Over Government Funding Extension Ahead of March 14 Deadline Δ1.77

With less than two weeks to go before a March 14 deadline, Republicans and Democrats in the U.S. Congress appear to be nowhere close to a deal to avert a government shutdown that would throw Washington into deeper turmoil. Both sides say they want to keep government funded until October. The talks have been complicated by President Donald Trump, who has ignored spending laws passed by Congress, suspended foreign aid and fired tens of thousands of federal workers.

Tax Cut Permanence Plan Raises 'Debt Spiral' Worry Δ1.77

A controversial plan by U.S. Senate Republicans to make President Donald Trump's 2017 tax cuts permanent is raising warnings from party fiscal hawks and independent analysts of a potential "debt spiral" that could undermine economic growth. The plan, which bypasses Democratic opposition, would ignore projected revenue loss of more than $4 trillion by claiming that tax policy would remain unaltered. This move has sparked opposition among hardline Republican fiscal conservatives who see it as a way to break the bank.

Democrats Protest Trump's Speech to Congress with Disruption, Exits and Solemn Signs Δ1.77

During President Donald Trump's address to Congress, Democrats voiced their dissent through various protests, including turning their backs, holding signs, and in one instance, a lawmaker being removed for shouting. Representative Al Green's interruption highlighted the discontent surrounding potential cuts to Medicaid and other social programs, as Republicans attempt to pass a spending bill aligned with Trump's tax cut ambitions. The event underscored the stark partisan divide as many Democrats left the chamber, while Republicans applauded Trump's speech, reinforcing the ongoing conflict over the administration's policies.

Reverse Robin Hood Scam or Windfall for Middle Class? Lawmakers Debate Trump Tax Plan Extensions Δ1.77

Congress is currently embroiled in a heated debate over the potential extension of tax cuts from Trump's administration, with both Republicans and Democrats presenting contrasting narratives about who would benefit most. Republicans argue that extending these cuts would primarily aid low- and middle-income families, while Democrats counter that the wealthiest Americans stand to gain significantly more, describing the plan as a "reverse Robin Hood scam." Economic analyses indicate that while many households would see tax reductions, the largest benefits would disproportionately favor high-income earners, complicating the discussion around equity and fiscal policy.

Trump to Meet with Hardline Republicans as Shutdown Looms, Report Says Δ1.77

The White House has announced a meeting between President Donald Trump and the ultraconservative Freedom Caucus, sparking concerns that the lawmakers are pushing for drastic spending cuts. As the government edges closer to a March 14 deadline without a deal, Trump's stance on funding is expected to be put to the test. The uncertainty surrounding the meeting has left many questioning whether Trump can find common ground with the hardline Republicans.

US Faces Fiscal ‘Heart Attack’ Under Trump, Warns Hedge Fund Chief Δ1.76

Ray Dalio, a billionaire hedge fund boss, has warned that Donald Trump's low tax and high spending policies will trigger a fiscal "heart attack" in the US, pushing the country towards unsustainable debt levels and a major financial meltdown. The combination of tax cuts and soaring government spending will lead to a significant increase in national debt, mirroring the economic crises of the 1970s and 1930s. If left unchecked, this could result in widespread discontent among voters and potentially even social unrest.

Boost for Growth Or Path to Unprecedented Debt? Δ1.76

President Trump's tax plan could reduce federal revenue by $5 trillion to $11.2 trillion over the next decade, according to estimates from the Committee for a Responsible Federal Budget. This plan would effectively increase the nation's debt by eliminating current or anticipated revenue sources and includes extending tax cuts from the 2017 Tax Cuts and Jobs Act. Critics warn that there are severe fiscal consequences, particularly in regard to rising the national debt.

Republican Senators Show Little Interest in Scrapping CHIPS Act, Despite Trump's Call Δ1.76

Despite President Trump's recent call for the repeal of the CHIPS Act, many Republican senators have expressed reluctance to undo the legislation, which has garnered significant bipartisan support since its passage in 2022. The CHIPS Act has already spurred substantial investments in the U.S. semiconductor industry, with key lawmakers recognizing its role in strengthening supply chains and national security. As legislative priorities shift, the political feasibility of repealing the act appears limited, given the challenges associated with unraveling its established economic impacts.

Trump Called the CHIPS Act a 'Horrible Thing.' Cutting Off Funding Might Not Be so Straightforward Δ1.75

The future of the $52.7 billion CHIPS Act hangs in the balance after President Trump's comments during his joint address to Congress, suggesting that the legislation is "a horrible thing." However, sources close to the matter indicate that there are currently no plans to kill the bipartisan law, which was passed and signed into law by former President Joe Biden in 2022. The Commerce Department has already allocated or paid out some $36 billion of the funds related to the act for projects across the country.

President Trump Addresses Congress Amid Trade Tensions and Ukraine Aid Pause Δ1.75

The speech by President Donald Trump follows a tumultuous term marked by efforts to stretch presidential limits, slash federal bureaucracy, impose steep tariffs on allies, and pause military aid to Ukraine. Trump is expected to use his speech to laud his rapid-fire efforts to reduce the size of the federal bureaucracy, reduce migrant flow over the U.S.-Mexico border, and his use of tariffs to force foreign nations to bow to his demands. The event promises to have a raucous element with Republican lawmakers cheering on Trump and Democrats expressing their opposition to what he lists as his achievements.

Investors React to Trump's Address to Congress Δ1.75

U.S. President Donald Trump's address to Congress highlighted his administration's agenda, including tax cuts and future tariffs, amid vocal protests from Democratic lawmakers. Market reactions were muted, with slight gains in S&P 500 stock futures, reflecting a cautious investor sentiment that remained largely unchanged despite the president's assertive rhetoric. Analysts noted that while the speech did not introduce unexpected elements, ongoing tariff policies could continue to create volatility in the markets.

US House Censures Democrat Al Green for Protesting Trump's Speech Δ1.74

A handful of Democrats joined the majority Republicans in the U.S. House of Representatives on Thursday in voting to censure Democrat Al Green over shouting at President Donald Trump during his speech. Representative Green, a Texas Democrat who has repeatedly called to impeach Trump, faced the House censure resolution for yelling at the president, waiving his black cane and refusing to sit down during Trump's speech. The resolution was approved 224 to 198, with 10 Democrats supporting the move.

"Budget Trickery: Accounting Maneuver Could Make Trump Tax Cuts Look Free" Δ1.74

A controversial budget tactic is gaining steam on Capitol Hill that could help make Donald Trump's first-term tax cuts permanent while also making room for additional tax break pledges he made on the campaign trail. The idea is to essentially make the cost of extending the 2017 Tax Cuts and Jobs Act free, at least for accounting purposes, by assessing changes using a so-called current policy baseline. This move would push up the national debt by trillions of additional dollars beyond what's already planned.

Social Security Benefits Get Boost Under New Law Δ1.74

The Social Security Fairness Act signed into law by former President Joe Biden aims to increase benefits for millions of Americans, including retroactive payments for those who had lost out on benefits due to the elimination of two provisions that reduced or eliminated their benefits. Beneficiaries will receive boosted checks, with some people eligible for over $1,000 more each month. The changes apply to around 3.2 million people, mostly government workers and civil servants.

Musk's Budget Cuts Hit Snag: Lessons From Republican Governors Δ1.74

Mitch Daniels' experience as governor of Indiana provides insight into the challenges faced by Republican governors in slashing state budgets. Former Indiana Gov. Mitch Daniels established a reputation in the early 2000s as a knife to government, shrinking the size of his state's workforce by 18 percent and turning a $700 million deficit into a $2 billion surplus. However, Daniels' approach was more cautious than Musk's, urging "talk less, do more" before setting ambitious targets.

Trump's Domestic Agenda Takes Center Stage Δ1.74

The opening weeks of President Donald Trump's presidency have been dominated by domestic policy, with a focus on tax cuts and border control. Despite promises of " America First" foreign policy, the speech largely sidestepped international issues. The administration's approach to addressing domestic concerns will likely be shaped by congressional approval of major legislative initiatives.

Democrat Al Green Censured Over Trump Speech Disruption Δ1.74

The U.S. Congress has officially censured Texas Democrat Al Green following his ejection from the House chamber for disrupting President Donald Trump's address by heckling and waving his cane. The resolution, which passed with a vote of 224 to 198, cited Green's actions as a breach of proper conduct, despite attempts from fellow Democrats to defend his protest. The incident culminated in a heated exchange between Republicans and Democrats, reflecting deep divisions within Congress regarding decorum and dissent.

US Foreign Aid Contractors Face Judge After Supreme Court Boost Δ1.74

The case before US District Judge Amir Ali represents an early test of the legality of Trump's aggressive moves since returning to the presidency in January to assert power over federal spending, including funding approved by Congress. The Supreme Court's 6-3 decision to uphold Ali's emergency order for the administration to promptly release funding to contractors and recipients of grants has given plaintiffs a new lease on life. However, despite the Supreme Court's action, the future of the funding remains unclear.