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Republican deficit hawks allowed President Trump’s bill of legislative priorities to advance out of the House Budget Committee in an unusual late-night vote on Sunday, marking a key hurdle cleared for House GOP leaders and a sign of progress for warring Republican factions After gaveling in after 10 p.m. on Sunday, the committee voted 17-16-4 to advance the “One Big Beautiful Bill Act,” which would extend Trump’s tax cuts and boost his border funding priorities while reforming Medicaid and food assistance programs. The vote comes after four hardline conservatives on the committee tanked a vote on the legislation Friday, saying...

Now you know why Trump is so eager to cut wasteful spending! The real mystery is why Democrats and RINOs are so determined to continue wasteful spending and not cut taxes. Trump inherited a fiscal disaster from Biden and Congress. Not to mention The Federal Reserve. Credit default swaps (CDS) for the USA are near Greece (and China) levels. ... Since Covid struck in 2020, US debt is up a staggering 56% ... And M2 Money is up 40% since Covid.

May 16 (Reuters) - Moody's on Friday downgraded the credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest "that are significantly higher than similarly rated sovereigns". "Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs," Moody's said in a statement.

U.S. President Donald Trump’s administration on Friday proposed a $163 billion cut to the federal budget that would sharply reduce spending in areas including education and housing next year, while increasing outlays for defense and border security. The administration said the proposed budget would raise homeland security spending by nearly 65% from 2025 enacted levels. Non-defense discretionary spending — a slice of the budget that excludes the massive Social Security and Medicare programs as well as the rising cost of interest payments on the nation’s debt — would be cut by 23% to the lowest level since 2017, the White...

WASHINGTON (AP) — Detailed Army plans for a potential military parade on President Donald Trump’s birthday in June call for more than 6,600 soldiers, at least 150 vehicles, 50 helicopters, seven bands and possibly a couple thousand civilians, The Associated Press has learned. The planning documents, obtained by the AP, are dated April 29 and 30 and have not been publicly released. They represent the Army’s most recent blueprint for its long-planned 250th birthday festival on the National Mall and the newly added element — a large military parade that Trump has long wanted but is still being discussed.While the...

China’s activities in the Western Hemisphere pose a direct challenge to US interests and regional security ... Donald Trump understands that modern threats – China’s predatory mercantilism and its massive military buildup, including the ability to destroy our reconnaissance satellites in orbit – requires an urgent reinvigoration of the 200-year-old Monroe Doctrine. The Monroe Doctrine, America’s fundamental national security imperative, seeks to exclude outside powers from the Western Hemisphere. It is key to protecting the U.S. and our neighbors from China’s malicious designs. ... Trump understands that Greenland and Panama aren’t merely the key in any potential conflict with China,...

KEY POINTS -On Friday, falling bond prices pushed the benchmark 10-year Treasury yield briefly above 4.5%, up from 3.99% just a week prior. -The ICE U.S. Dollar Index hit its lowest level in three years. “The market is re-assessing the structural attractiveness of the dollar as the world’s global reserve currency and is undergoing a process of rapid de-dollarization,” Deutsche Bank strategist George Saravelos said in a note to clients Friday. But on Friday, falling bond prices pushed the benchmark 10-year Treasury yield briefly above 4.5%, up from 3.99% just a week prior. Meanwhile, the ICE U.S. Dollar Index hit...

Vice President Kamala Harris’s tax plan would effectively vaporize nearly 800,000 full-time equivalent jobs, according to studies published by the Tax Foundation Tuesday. Harris’ proposals, including hiking corporate taxes to be among the highest in the developed world, would lower employment by roughly 786,000 full-time equivalent jobs, and reduce long-run gross domestic product (GDP) and wages by 2% and 1.2% respectively, the Tax Foundation found. Meanwhile, Trump’s proposals, including a 60% tariff on China, would lower employment by approximately 387,000 full-time equivalent jobs, lower long-run GDP by 0.2% and increase long-run wages by 0.6%.... ' Trump’s economic plan, including the...

One thing about President Obama — he keeps his promises. He vowed transparency in his administration's dealings, and the motives behind the jobs bill he unveiled Sept. 8 scarcely could be more transparent. The bill, which he's repeatedly insisted must be approved by Congress ASAP, essentially is Stimulus Lite. Adding up to a little more than half the cost of the 2009 stimulus, it would "jumpstart economic growth and job creation," the White House press office says. Americans who might be inclined to look askance at skeptical Republican lawmakers should consider the following: Mr. Obama's vow that the entire package...

(CNSNews.com) - When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department. "After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” Pelosi said in her speech from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt." Pelosi has served as speaker in...

WASHINGTON -- Reparation for the legacy of slavery and peonage may not come in the form of a check, but it must come, speakers said Friday at a forum sponsored by the Congressional Black Caucus Foundation. Others said the apology for slavery that the House passed last year and the Senate passed this year were good first steps, and singled out U.S. Rep. Steve Cohen, D-Tenn., who was on Friday's panel, for authoring the House resolution. "For him to stand up -- before even other people in the caucus stood up -- is remarkable," said Harvard Law School professor...

Federal Liabilities Now Equal $175,000 for Every American By Terence P. Jeffrey CNSNews.com Editor in Chief November 08, 2007 (CNSNews.com) - Deficit spending and promised benefits for federal entitlement programs have put every man, woman, and child in the United States on the hook for $175,000, says a new report by David Walker, comptroller general of the United States. On Tuesday, Walker sent the results of his audit of the federal debt to Treasury Secretary Henry Paulson. The audit revealed that, as of Sept. 30, the last day of fiscal year 2007, the U.S. government owed $8.993 trillion. Of this...