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

Georgia Appeals Court Disqualifies Fani Willis From Trump Election Case

‘We conclude that it erred by failing to disqualify DA Willis and her office,’ the state’s Court of Appeals writes. A Georgia appeals court has disqualified Fulton County District Attorney Fani Willis from her election-related criminal case against President-elect Donald Trump, although the indictment still stands. Trump and his codefendants were charged in 2023 by

Putin Ready for ‘Compromises’ Over Ukraine in Talks With Trump

Russian President Vladimir Putin also challenged the West to a ‘high-tech duel’ to see if they could protect a target in Kyiv from Russia’s Oreshnik missile. Russian President Vladimir Putin said he was ready for “compromises” over Ukraine in possible talks with President-elect Donald Trump but said Russian forces were in a strong position. Speaking