Senate committee moves forward with over $1 trillion in government budget for 2026
Senate Budget Committee Advances Over $1 Trillion Funding Bill On Thursday, the Senate Budget Committee approved a significant funding bill exceeding $1 trillion for the fiscal year 2026, ahead of the approaching deadline in late September. A portion of this legislation allocates roughly $852 billion for defense programs, along with approximately $200 billion designated for […]
Prices rise as Trump’s tariff deadline approaches
The White House is racing to finalize trade deals before the August 1 deadline, as tariffs begin to impact prices in the economy. President Trump’s new “mutual” tariffs are scheduled to take effect on Friday, following their initial imposition in April. They were supposed to restart in early July but got delayed until now. Trump […]
Senate committee moves forward with funding bill that includes $1 billion for Ukraine
The Senate Budget Committee has moved forward with a proposal that would allocate approximately $1 billion in security aid for Ukraine. This funding is part of the 2026 Defense Budget Act, championed by Sen. Mitch McConnell (R-KY) and Sen. Chris Coons (D-DE), who chairs the Defense Subcommittee. The committee approved the bill with a vote […]
Democrats criticize Bessent for comments about Trump baby accounts being a way to privatize Social Security
Treasury Secretary Faces Criticism Over Social Security Remarks Treasury Secretary Scott Bescent is encountering significant backlash from Democratic lawmakers following his comments about “backdoors to privatize Social Security” made during a recent event. At an event with Breitbart News, Bescent discussed the “Trump Account,” which involves the government contributing $1,000 to savings accounts for children […]
Senators eliminate funding for the Corporation for Public Broadcasting in the spending bill
Sen. Patty Murray Criticizes Public Broadcasting Funding Cuts Senator Patty Murray, a leading Democrat on the Senate Budget Committee, expressed concern on Thursday regarding the lack of funding for the Corporation for Public Broadcasting (CPB) in the 2026 spending bill. This situation arose after a previous approval for public media funding was rescinded, allegedly at […]
Hawley discussed things positively with Trump after the stock trading ban issue.
Senator Josh Hawley (R-Mo.) mentioned having a “good chat” with President Trump on Wednesday after the president expressed some opposition to him concerning a stock trading ban bill he supported. Hawley, the bill’s sponsor, was the only Republican to side with Democrats during a committee vote. In an interview on Fox News, he addressed Trump’s […]
Inflation rises more than anticipated in the Federal Reserve’s favored measure
Inflation, as indicated by the Federal Reserve’s key measure, rose from 2.3% to 2.6% in June, driven by rising costs linked to President Trump’s tariffs. This shift is influencing the economy in significant ways. The Commerce Department’s personal consumption expenditure (PCE) price index recorded a bump that surpassed economists’ forecasts of a 2.5% rise. When […]
The availability of 401(k)s is perfect timing for private equity.
Trump’s Consideration of Retirement Funds and Private Equity President Trump is contemplating the idea that retirement funds might stimulate investments in private equity. This sector has been in need of capital, especially after experiencing a decline last year. He’s thinking about issuing an executive order that would instruct the Securities and Exchange Commission along with […]
White House outlines cryptocurrency policy goals for lawmakers and regulators
On Wednesday, the White House outlined its policy priorities for regulating digital assets, giving Congress and federal regulators detailed guidance for fulfilling President Trump’s commitment to making the U.S. a “global crypto capital.” A comprehensive 166-page report from Trump’s Digital Asset Working Group offers recommendations for lawmakers and regulators, covering aspects from crypto surveillance to […]
Lula’s response to Trump’s criticism: ‘There’s no need to feel afraid’
In a recent interview, Brazilian President Luis Inacio Lula da Silva expressed his readiness to publicly criticize former President Trump without hesitation. During the conversation with a major news outlet, he discussed his willingness to openly call out Trump, describing him as an “emperor,” a stance that many other world leaders tend to shy away […]