Keyword: deficit
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WASHINGTON (AP) — In a remarkable rebuke of Republican leadership, the House passed legislation Thursday, 230-196, that would extend expired health care subsidies for those who get coverage through the Affordable Care Act as renegade GOP lawmakers joined essentially all Democrats in voting for the measure.
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President Donald Trump on Wednesday called for a staggering 50% increase to the previously proposed military budget to bring the total up to $1.5 trillion. In the Wednesday afternoon Truth Social post, Trump claimed the budget increase was “for the good of our country,” citing “very troubled and dangerous times”: After long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined that, for the Good of our Country, especially in these very troubled and dangerous times, our Military Budget for the year 2027 should not be $1 Trillion Dollars, but rather $1.5 Trillion Dollars. This...
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President Donald Trump says he believes the 2026 midterm elections will center on “pricing” as Republicans head into a critical period with control of Congress on the line. Trump’s comments follow a string of favorable economic reports over the last two weeks showing inflation is cooling and the economy is hotter than expected. The White House is keen to tout the latest data as it confronts cost-of-living concerns that have underpinned a string of Democratic overperformances across the country. Still, polls show Americans are struggling. Nearly half of respondents said they find groceries, utility bills, health care, housing and transportation...
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NOTE: This post is very long, and the videos included are even longer. If you choose to watch only one, I would suggest the third one that specifically covers the Trump class. A lot of people instantly hated the new Trump-class Battleship because it has the name "Trump" attached to it, and especially hated it because Trump wants to have a hand in the design for "aesthetic" reasons. After all, if Trump likes something, it must be a bad idea. But of course, that's a terrible reason to have an opinion about whether a weapons system, which would likely be...
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Geopolitics, diversification, and Fed easing contribute to the U.S. dollar’s downward pressures.While the so-called Santa Claus rally delivered year-end gains for stocks and precious metals, the U.S. dollar received a lump of coal to finish a not particularly strong 2025. The U.S. dollar index, a measure of the greenback against a weighted basket of currencies, is on track for its largest annual decline since 2003. This year, the index has dropped 10 percent, with nearly all of the damage occurring in the first half of 2025, when it tanked almost 11 percent. The alternative trade-weighted dollar index—a measure created by...
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President Donald Trump announced a new fleet of ships Monday, known as the "Golden Fleet," as he revealed he approved plans for two new "very large battleships." "As you know, we're desperately in need of ships. Our ships are some of them have gotten old and tired and obsolete," Trump said, flanked by Secretary of State Marco Rubio, War Secretary Pete Hegseth and Navy Secretary John Phelan. Trump said the new ships would be "100 times more powerful than any battleship ever built," in an address from his Mar-a-Lago estate in Palm Beach, Florida. Renderings behind the president showed the...
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What can Donald Trump do to stop morphing into Joe Biden? The two presidents could hardly be more different in most ways—but in the one that counts most with voters, Trump is in danger of resembling his predecessor. Americans rejected Biden and the Democrats last year because they were incensed at the lousy state of the economy. Right now, they’re not much happier with Trump’s economy. Inflation was the No. 1 concern on voters’ minds last year, and it’s still a top concern today. Trump’s team say they plan to tout “affordability” as a theme Republicans can win on in...
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Donald Trump is backing a GOP proposal depositing $1,500 checks into the health care accounts of millions of Americans. The legislation, which is being led by Republican Louisiana Senator Bill Cassidy and Idaho Senator Mike Crapo, gives qualifying Affordable Care Act (ACA) enrollees a $1,000 deposit for those aged 18 to 49, as well as recipients aged 50 to 64 for $1,500. While speaking to reporters on board Air Force One on Tuesday, the president
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The Trump administration on Monday unveiled a new initiative dubbed the “U.S. Tech Force,” comprising about 1,000 engineers and other specialists who will work on artificial intelligence infrastructure and other technology projects throughout the federal government. Participants will commit to a two-year employment program working with teams that report directly to agency leaders in “collaboration with leading technology companies,” according to an official government website. Those “private sector partners” include Amazon Web Services , Apple , Google Public Sector, Dell Technologies , Microsoft , Nvidia , OpenAI, Oracle , Palantir , Salesforce and numerous others, the website says. The Tech...
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Democrats just flipped the Miami mayorship from 🟥🔜🟦. The last time democrats won Miami was 1998. Republicans are completely squandering all of the work we did to win the 2024 elections. It’s especially frustrating as democrats are raising taxes in New Jersey & Pennsylvania.
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Working Americans are going to get “very large refunds” of $1,000 to $2,000 per household early in the new year, according to Treasury Secretary Scott Bessent. The checks will come in the first quarter of 2026 as a result of tax cuts in President Donald Trump’s sweeping, budget-focused One Big Beautiful Bill Act, he said. “I think we’re going to see $100-$150 billion of refunds, which could be between $1,000, $2,000 per household,” Bessent said Wednesday.
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The United States trade deficit shrank dramatically in September, falling 10.9 percent to $52.8 billion as President Trump’s sweeping tariff policies began to reshape trade flows in line with the administration’s goals, according to data released Thursday by the Commerce Department.The deficit reduction reflected gains on both sides of the ledger. U.S. exports jumped 3.0 percent to $289.3 billion, the highest level in months, while imports rose just 0.6 percent to $342.1 billion. The combination produced the kind of outcome the Trump administration has sought: American goods finding stronger markets abroad even as the flow of foreign goods into the...
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The trade deficit has narrowed to its smallest since mid-2020, down more than 35% over last year — and more proof that President Donald J. Trump’s America First trade agenda is working.Here’s what you need to know:U.S. exports are up 6% over last year — rising to their second-highest value on record — while Inflation-adjusted exports of consumer goods are the largest ever.The seasonally adjusted trade deficit with China has narrowed to its second-smallest since 2009.In the third quarter of 2025, real exports grew by a 4.1% annual rate and imports fell by around 5% — adding about 1% to...
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The US House of Representatives voted to pass a negotiated version of the National Defense Authorization Act on Wednesday, sending the Pentagon spending bill to the Senate for final approval. This bill was negotiated with Democrats in the House and the Senate, resulting in a bipartisan vote that some MAGA firebrands opposed.Per Fox:An earlier procedural vote on the legislation just barely passed 215–211 at the 11th hour after four Republicans: Reps. Anna Paulina Luna, R-Fla, Marjorie Taylor Greene, R-Ga., Tim Burchett, R-Tenn., Lauren Boebert, R-Colo., all changed their votes from no to yes. All Democrats voted no on the procedural...
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On Sunday, December 7, US lawmakers unveiled the final text of the defense policy bill, which includes record funding for national security as well as aid for Ukraine, according to Reuters, Fox News, and AOL.Media reports state that the bill allocates $901 billion for military spending for fiscal year 2026-$8 billion more than what President Donald Trump requested in May of this year.The legislation also assists Ukraine.“The legislation reauthorizes the Ukraine Security Assistance Initiative at $400 million per year for fiscal years 2026 and 2027,” Fox News reports.Additionally, the US Congress will require more frequent reporting on allied contributions to...
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@RepThomasMassie Republicans campaigned on reducing spending, but after the election almost all Congressmen voted to spend hundreds of billions more in 2025 and 2026 than in 2024.
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Three provisions in the One Big Beautiful Bill are designed to boost worker pay and encourage business investmentNational Economic Council Director Kevin Hassett joins 'Sunday Morning Futures' to weigh in on the potential economic fallout if Trump’s tariffs are struck down in the Supreme Court and rising tensions over China’s rare-earth minerals.Democrats’ favorite word lately is "affordability." They have painted the false narrative that the election of socialist Mayor Zohran Mamdani in solidly blue New York City or Democrat Gov. Abigail Spanberger in solidly blue Virginia were somehow referenda on President Donald Trump’s agenda. This fallacy not only ignores the...
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For millions of Americans relying on Social Security, small changes to the formula that calculates annual benefit increases can have an outsized impact. Social Security checks are a cornerstone of retirement income for over 50 million Americans, and Congress is now considering legislation that could reshape how those benefits adjust for inflation. It comes as Americans of all ages continue to navigate rising costs. In October, the Social Security Administration (SSA) announced that benefits would grow by 2.8 percent in 2026 through the annual cost-of-living adjustment (COLA). Yet for many retirees, even modest increases barely keep pace with the real...
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During last week’s excruciating Oval Office make-nice between an insultingly buddy-buddy American President and a fraudulently obsequious New York City mayor-elect, the contest was over which pol was the more patronizing. At one point Trump graciously granted his petitioner permission to call him a “fascist” while clearly implying the guy’s OTT campaign rhetoric had been embarrassing. Donald Trump sat regally on his throne, patting Zohran Mamdani’s arm while commending “Attaboy!” as if petting a golden retriever that had fetched a ball. For his part, Mamdani stood mutely by the Resolute desk with cartoonish humility, hands over crotch. This cowed performance...
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At least one Republican senator has said that the U.S. government cannot afford a Trump administration proposal to send out $2,000 tariff-derived rebate payments. “If we’re bringing in revenue through the tariffs, that ought to be applied to reduce the deficit, not just to make cash payments to Americans,” Sen. Ron Johnson (R-Wisc.) told Fox Business’s Maria Bartiromo on Monday. Bartiromo then told him: “It sounds like you would vote ‘no’ in terms of $2,000 checks going to individuals.” He added that “we can’t afford it” and that he wishes the U.S. government was “in a position to return the...
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