U.S. Senate Democrats are mounting a last-ditch protest over a Republican-led government funding bill that already passed the House but failed to limits on President Donald Trump and billionaire Elon Musk’s efforts to cut government spending.
Biden’s budget proposal would offer tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations.
(AP Photo/LM Otero)The White House says President Donald Trump’s upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. White House budget officials outlined the information during a telephone call with reporters given on condition of anonymity. The budget officials on the call ignored requests to put the…
The federal government recorded a small budget surplus in June, but the deficit so far this budget year is still running 26.7 percent higher than a year ago. The Treasury Department says the government ran a $6.3 billion surplus in June, a month that is often a surplus month because of quarterly tax payments from individuals and businesses. The surplus…
