House Rejects Alternative Government Funding Proposal

The new deal was negotiated after Trump opposed a previous bill. WASHINGTON—The House of Representatives on Dec. 19 voted down an alternative plan to fund the government with just over 24 hours until a government shutdown begins. In a 174–235 vote, lawmakers rejected the proposal. That included almost all Democrats and a slate of conservative

Trump Tariffs Could Slash Deficit by Trillions, With Modest Impact on Inflation, Economic Output : CBO

The nonpartisan agency’s analysis examines three possible scenarios under Trump’s proposed tariffs. Proposed tariff hikes by President-elect Donald Trump could significantly reduce the federal deficit over the next decade and would do so at modest cost to inflation and economic output, according to a new Congressional Budget Office (CBO) analysis, which is the highest-profile impact

Congress Scrambles for Plan B After Collapse of Funding Deal as Shutdown Deadline Nears

President-elect Donald Trump came out in opposition to the short-term funding deal and issued new demands. WASHINGTON—With government funding set to expire at midnight (ET) on Dec. 20, Congress is scrambling to avert a shutdown after President-elect Donald Trump expressed opposition to House Speaker Mike Johnson’s (R-La.) $100 billion funding extension, effectively dooming the bill’s