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Tariffs Proposed by Trump Could Reduce Budget Deficits by $2.8 Trillion, According to CBO

Tariffs Proposed by Trump Could Reduce Budget Deficits by $2.8 Trillion, According to CBO

CBO’s Tariff Predictions and Federal Deficit Impact The Congressional Budget Office (CBO) forecasts that the recent rise in U.S. tariffs will lead to a $2.8 trillion reduction in the federal deficit over the next decade. This is largely attributed to increased customs revenue coupled with decreased interest payments on federal debt. In a separate analysis, […]

The tax plan proposed by Trump would reduce taxes but increase the national debt, according to the CBO.

The tax plan proposed by Trump would reduce taxes but increase the national debt, according to the CBO.

Trump Administration’s Tax Bill Analysis The Trump administration recently waved goodbye to Elon Musk, who had been focusing on enhancing government efficiency and reducing spending. President Donald Trump’s proposed “Big Beautiful Building” tax plan is projected to cut taxes by $3.7 trillion. However, the Congressional Budget Office (CBO) estimates it will also increase the deficit […]

New Bill Proposed to Create Inspector General for FRTIB

Rep. Norton Reintroduces Oversight Bill for Retirement Agency Representative Eleanor Holmes Norton from Washington, D.C. has put forward a bill aimed at creating inspectors to oversee the Federal Retirement Recycling Investment Board (FRTIB), which manages the Thrift Savings Plan (TSP) for federal employees. The proposed legislation is titled Federal Retirement Recycling Investment Board General Act […]

Proposed changes to SNAP in the GOP’s significant new bill. Here’s what you should know.

SNAP changes proposed in GOP's 'big, beautiful bill.' Here's what to know

Congressional Republicans are currently pushing a substantial 1,116-page bill named the “One Big Beautiful Bill Act.” This piece of legislation encompasses various topics, ranging from tax reforms to student loan modifications, Medicaid adjustments, and even aspects of national defense. One significant change is related to the Supplemental Nutrition Assistance Program (SNAP), formerly known as the […]

Judge dismisses SEC and Ripple’s proposed settlement and maintains $125M penalty.

Key Takeaways A judge turned down the suggested settlement that aimed to reduce Ripple’s fine from $125 million to $50 million. Judge Analisa Torres stated that extraordinary circumstances need to be shown to modify the final judgment. A federal judge recently dismissed a joint appeal filed by the SEC and Ripple Labs to approve a […]

Proposed law would permit military bases to take down unapproved drones.

In late 2023, an event at Langley Air Force Base involving numerous drones showcased significant surveillance capabilities. Military officials, however, questioned their authority to take down these unmanned aircraft within U.S. borders. A new bipartisan bill, referred to as “Counteracts,” aims to address this issue. It seeks to designate more bases and facilities as “covered […]