Budget Battles
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Trump’s Risky Plan to Get $8 Billion for His Wall
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Trump to Sign Border Deal — and Declare a National Emergency, Too
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Trump Likely to Sign Border Deal, Avert Another Shutdown
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Shutdown Makes a Bad Situation Worse at the IRS
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Trump’s ‘Not Happy’ with the Border Deal. Why He’ll Probably Sign It Anyway.
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Lawmakers Scramble to Avert Another Government Shutdown
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Is Trump ‘Trapped’ on the Border Wall Deal?
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Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'
By Michael RaineyPresident Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...
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The Great Debt Debate: How Dangerous Is It?
By Michael RaineyMIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...
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Goldman Sachs Projects Deficit Will Top $1 Trillion Next Year
The Congressional Budget Office projected last month that the federal budget deficit for this year would be about $900 billion , up 15 percent from last year but about $84 billion less than it had...
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Democrats Unveil Their ‘Green New Deal.’ Here’s What It Does – and Doesn’t Do
By Michael RaineyRep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA) released their much-anticipated proposal for a Green New Deal Thursday. Framed as a response to the challenges of global warming, the 14...
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Foreign Ownership of US Debt Continues to Decline
By Michael RaineyForeign demand for U.S. government debt has been declining in recent years but domestic investors have picked up the slack, The Wall Street Journal’s Daniel Kruger and Kate Davidson reported...
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SOTU 2019: 3 Important Things Trump Said, and 1 Big Thing He Didn’t
President Trump’s 82-minute-long State of the Union address Tuesday night put a uniquely Trumpian spin on the usual recipe for the address: a healthy helping of rah-rah patriotism and legislative...
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Is It Time to Start Selling 100-Year Bonds?
By Michael RaineyWith the U.S. facing a $12 trillion deficit over the next decade, the Treasury Department is exploring ways to maintain robust demand for American debt. One option being considered is the sale of “...
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‘Greatest Threat’ to the US? Two Top Democratic Economists Aren’t So Worried About the Debt
By Michael RaineyStarbucks founder Howard Schultz told “60 Minutes” Sunday that he is considering a run for president in 2020, possibly as a “centrist independent,” and one of his top issues is the growing national...
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Deficit Rising, but Won’t Hit $1 Trillion Until 2022, CBO Projects
By Michael RaineyIn new budget and economic projections released Monday , the Congressional Budget Office said annual deficits are expected to rise above $1 trillion in 2022, two years later than previous estimates,...
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How Alexandria Ocasio-Cortez Is Already Shifting the Debate on Taxes and Deficits
Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, has wasted no time in making waves in Congress, emerging as a focal point for the national press — and social media powerhouse...
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Trump Says National Debt Is Not His Problem: Report
By Michael Rainey and Yuval RosenbergAs a candidate, Donald Trump said he could eliminate the national debt in eight years, largely by focusing on better trade deals. But in office, Trump has presided over a considerable increase in red...
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Paul Ryan Says the National Debt Is His Biggest Regret. See How It Grew Under His Watch.
Outgoing House Speaker Paul Ryan said Thursday that the ballooning national debt is his biggest regret. In an interview with The Washington Post , Ryan named the debt and immigration as the two...
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Flood of US Debt Overwhelms Bond Funds
By Michael RaineyThe U.S. government will issue $129 billion of debt this week, a 28 percent increase over the same time last year, and the surge in borrowing is so great that it’s “beginning to warp bond indexes,”...
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Is Trump Serious About Tackling the Deficit? Obviously Not
President Trump is demanding that his advisers come up with a plan to reduce the deficit, The Washington Post’s Josh Dawsey and Damian Paletta report . Oh, and President Trump is also pushing new...
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Chart of the Day: Is Demand for US Debt Drying Up?
Bloomberg’s John Auther and The Washington Post’s Heather Long both highlight this chart from Deutsche Bank’s chief U.S. economist, Torsten Slok, showing weaker demand for 30-year Treasury bonds. “...
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