Moody's has downgraded the US sovereign credit rating, raising alarms about a growing debt crisis. As Congress debates a massive fiscal bill, investors are on edge, fearing higher borrowing costs and political turmoil.
The US has experienced a credit rating downgrade from Moody's, highlighting growing concerns over the federal deficit and the impact of proposed tax cuts. As lawmakers clash over budget bills, experts warn of potential economic repercussions.
President Trump's ambitious mega-bill is on shaky ground as key Republican members voice opposition. With only one vote to spare in the House Budget Committee, the future of this legislation hangs in the balance.
As House Speaker Mike Johnson races to finalize a massive spending cut package, Senate Republicans express skepticism, calling the bill 'wimpy' and 'anemic.' Key GOP senators are pushing back against elements of the proposal, citing concerns over Medicaid changes and tax hikes. Will the Senate reshape Johnson's plan or let it die?
In a surprising shift, California Governor Gavin Newsom announces plans to freeze enrollment for low-income immigrants in state-funded healthcare starting in 2026, a move driven by soaring costs and budget constraints. Existing enrollees will face new premiums, signaling a significant policy change amidst economic challenges.
In a surprising move, Trump has openly considered a tax hike on the wealthiest Americans, sparking debate within the GOP. His comments raise questions about the party's future direction amidst fiscal challenges.
In a surprising move, President Trump has instructed congressional Republicans to consider raising taxes on the wealthiest Americans, challenging his party's consensus on tax cuts and fiscal policy.
The Biden administration's push to transform Elon Musk's DOGE cuts into lasting policy is stalling amid opposition from both Democrats and Republicans. With a budget proposal looming, lawmakers express skepticism about the cuts' viability, raising concerns over foreign aid and fiscal responsibility.
In a controversial move, President Trump's administration unveils a $163 billion budget cut, significantly reducing funding for education and housing while ramping up defense and border security spending. Reactions are mixed as lawmakers debate the implications.
President Trump's new budget proposal includes drastic cuts to healthcare, education, and clean energy while boosting military and border security funding. This controversial plan faces mixed reactions from Congress.
