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White House brands Freedom Caucus deficit plan as ‘tax breaks for the super wealthy’ The White House branded the House Freedom Caucus’ deficit plan as “tax breaks for the super wealthy and wasteful spending for special interests,” as the two sides continued to trade jabs amid an escalating debt ceiling battle. “MAGA House Republicans are…
Five things to know about the Iran-Saudi deal brokered by China A major breakthrough in international diplomacy was announced Friday when Saudi Arabia and Iran revealed that they had agreed to resume normalized relations in a deal brokered by China. The countries announced the deal in a joint statement, saying Iran and Saudi Arabia, the…
White House denies reports Biden has decided to sign off on controversial Alaska oil project The Biden administration denied multiple media reports that it will announce its approval next week of a controversial Arctic oil drilling project long opposed by environmentalist and Native American groups. CNN, The New York Times and Bloomberg reported on Friday…
Five things to know about the Silicon Valley Bank collapse Regulators shut down Silicon Valley Bank on Friday, marking the biggest bank failure since the 2008 recession and sending shockwaves across the tech world. The Federal Insurance Corporation (FDIC) created a National Bank of Santa Clara to hold deposits and other assets of the failed…
Freedom Caucus lays out spending cut demands for debt limit Members of the House Freedom Caucus on Friday presented a set of spending cuts and budget proposals they want as a condition of even considering voting in favor of raising the debt ceiling, laying down one of the first markers in the House Republican Conference for…
Economy adds 311K jobs in February, unemployment rises to 3.6 percent The U.S. economy added 311,000 jobs in February and the unemployment rate rose to 3.6 percent, according to data released Friday by the Labor Department. Economists had been expecting around 225,000 jobs to be added in February and for the unemployment rate to remain…
The Hill’s Morning Report — Battle over US debt, fiscal 2024 spending begins Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and…
Centrist and liberal Democrats battle over who Biden should be President Biden has been on a good streak with his party’s left flank, but progressives are now fretting about his direction. First, there was Biden’s surprise announcement that he’d sign a GOP resolution disapproving of a Washington, D.C. crime bill that eased some sentencing laws. …
‘Weaponization’ subcommittee members spar over ‘Twitter Files’ House Democrats and Republicans sparred Thursday over how Twitter handles government requests for Twitter to review posts, in the second House committee showdown over reports known as the “Twitter Files” released by several journalists on the platform. Republicans called in Matt Taibbi and Michael Shellenberger, two of the…
Biden’s budget proposes tax hikes on wealthy to reduce deficit, shore up Medicare President Biden outlined a slew of tax hikes on wealthy Americans as an avenue for reducing the deficit and funding key programs like Medicare as he released on Thursday his proposed budget for fiscal year 2024. It gives a glimpse of the policy…