Latest in House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
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Senate GOP spikes House tax plans
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP rejects House conservative tax pitch Senate Republicans are tossing ...The Hill - 6h -
What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.The New York Times - 16h -
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and changes to programs like Medicare and Social Security in preparation for their ...The Hill - 11h -
The Biden administration eyes more drilling restrictions in Alaska
The Biden administration is setting in motion actions that could prevent drilling in more “special areas” of Alaska’s north slope — if the incoming Trump administration does not shelve it. The ...The Hill - 1d -
Mace immigration bill gets support from more than 60 Dems
Rep. Nancy Mace’s (R-S.C.) bill titled Preventing Violence Against Women by Illegal Aliens Act passed in a 274-145 vote Thursday with more than a quarter of Democrats voting in support. The new ...The Hill - 1d -
These five Republicans are ready to derail Trump's tax cuts over the SALT cap
President-elect Donald Trump's signature tax cut bill could hinge on a House Republican fight over state and local tax deductions.CNBC - 1d -
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - 1d -
Russell Vought Poised to Expand Power of White House Budget Office
If confirmed, Mr. Vought will be at the center of President-elect Donald Trump’s plans to upend the federal bureaucracy.The New York Times - 2d -
These 2 Democrats voted for House Republicans' bill to bar transgender athletes from girls sports
Reps. Vicente Gonzalez and Henry Cuellar, both of Texas, were the only Democrats to side with Republicans on Tuesday to pass legislation meant to bar transgender athletes from competing in girls ...The Hill - 3d -
‘Our computer sampler cost more than a house!’: how the Korgis made Everybody’s Got to Learn Sometime
‘I wrote it in 20 minutes one Sunday morning and there have now been more than 50 cover versions. My favourite is the brooding one Beck did for Eternal Sunshine of the Spotless Mind’. We’d had a ...The Guardian - 4d -
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - 4d -
Debts on EY’s failed Project Everest took longer than expected to clear
Doomed spin-off plan still had $270mn outstanding at the end of the firm’s financial yearFinancial Times - 5d -
Bills dominate Broncos, eye Ravens showdown
The Bills will be coming off a commanding performance versus the Broncos when they host the Ravens in the divisional round next weekend.ESPN - 5d -
Kristin Crowley: LA fire chief publicly criticizing the city’s budget cuts
LA’s first female fire chief, in a public spat with the mayor, is a 25-year veteran who’s prioritized diversifying her team. Kristin Crowley was appointed Los Angeles fire chief in 2022 at a time ...The Guardian - 5d -
More than a million student loan borrowers got debt forgiven in 2024. What to know at tax time
If your student loans were forgiven in 2024, you may be wondering if there are any tax implications.CNBC - 5d -
Los Angeles Fire Department budget sustained cuts but saw overall increase
Los Angeles Fire Department budget sustained cuts but saw an overall increase.ABC News - 6d -
House Republicans face massive debt problem
House Republicans have a problem. They want to pass a massive agenda for President-elect Trump, preferably in his first 100 days of office. And they don’t want to add to the federal deficit. That ...The Hill - 6d -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
Hamas Took More Than 200 Hostages From Israel. Here's What We Know.
Israel says 94 hostages abducted on Oct. 7 remain in captivity, including the bodies of at least 34.The Wall Street Journal - Jan. 10 -
Reeves faces 'difficult decisions' on tax and spending
The warning from a former Bank of England official comes in the wake of rising UK borrowing costs.BBC News - Jan. 10 -
Questions mount over budget cuts made ahead of L.A.-area wildfires
Los Angeles city leaders are facing mounting questions over whether the city was prepared as the wildfires, including the Palisades Fire, broke out. L.A. Mayor Karen Bass is also facing criticism ...CBS News - Jan. 10 -
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - Jan. 10 -
Whitehall braced for spending cuts after UK hit by bond market turmoil
Rising gilt yields mean government departments may face further squeezeFinancial Times - Jan. 10 -
L.A. fire chief on whether budget cuts impacted the fire response
Los Angeles Fire Chief Kristin Crowley spoke to "CBS Evening News" anchor and managing editor Norah O'Donnell about whether $17 million in budget cuts hindered the agency's wildfire response.CBS News - Jan. 9 -
Scientists prize neutrality – that doesn’t cut it any more. In 2025, they must fully back the climate movement | Bill McGuire and Roger Hallam
With 2024 set to go down as the hottest year on record, we know that what is coming is truly horrifying. The past 12 months have seen our world enter new territory. Last year will go down as the ...The Guardian - Jan. 9 -
Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.The New York Times - Jan. 9 -
House Republican bill would pave way for Trump to acquire Panama Canal for US
Rep. Dusty Johnson (R-S.D.) will introduce a bill that would authorize the president to purchase the Panama Canal and put it under U.S. control, an acquisition that President-elect Trump has been ...The Hill - Jan. 8 -
Gingrich urges Trump, GOP to pass tax cuts in 'one big, beautiful bill'
Former Speaker Newt Gingrich (R-Ga.) encouraged President-elect Trump and Republicans to pass tax cuts as part of a single wide-ranging reconciliation bill, arguing that the GOP’s narrow House ...The Hill - Jan. 8 -
House Republican: Gulf of Mexico name less important than Trump's actions
Rep. Austin Scott (R-Ga.) said President-elect Trump’s musing about changing the name of the Gulf of Mexico to the Gulf of America is less important than his actions in the region, particularly ...The Hill - Jan. 8 -
Trump’s push for SALT tax reform threatened by hardline GOP budget hawks
The path of least resistance could be $5 trillion in new government debt.MarketWatch - Jan. 8 -
Next warns of ‘anaemic’ growth after UK Budget tax increases
Retailer says measures will cost it £67mn in current financial year and warns of potentially chilling effect on economyFinancial Times - Jan. 7 -
More than 200 death and injury cases at NHS trust now under investigation
Sussex Police began with an initial 105 cases, but the BBC understands there are now more than 200.BBC News - Jan. 7 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial Times - Jan. 6 -
Rep. Mike Johnson tells House Republicans Trump wants them to pass a single reconciliation bill
At a closed-door House Republican retreat Saturday morning, newly re-elected House Speaker Mike Johnson, R-La., said President-elect Donald Trump was in favor of passing a single reconciliation ...NBC News - Jan. 5 -
Trump Has Reeled in More Than $200 Million Since Election Day
The president-elect has boasted about the donations for his inauguration, library and political activities from those seeking favor or perhaps in some cases, atonement.The New York Times - Jan. 4 -
U.S. House ushers in a tiny Republican majority to tackle enormous tasks in 2025
A new Congress starts Friday with a long to-do list for Donald Trump’s second term: keeping the government open, raising the debt ceiling, immigration and taxes.NBC News - Jan. 3 -
Helping boomers spend their retirement funds is harder than it sounds
Worries about running out of money makes people frugal and wary of taking any big pension decisionsFinancial Times - Jan. 3 -
Trans rights to be marquee fight for House Republicans
How the GOP is responding to Rep.-elect Sarah McBride, the first openly transgender House member, is a preview of what’s to come.Politico - Jan. 2 -
UK house prices rise more than expected in December
Month-on-month increase of 0.7% takes average house price close to record highFinancial Times - Jan. 2