Markets and Corporate America Are Unfazed by Washington Chaos, for Now
The federal budget debate has big implications for the economy. Businesses are betting that tax cuts will be extended and the math will work out.
Federal Budget (US)
As the U.S. Exits Foreign Aid, Who Will Fill the Gap?
China could reap the soft-power advantage, but like Western governments, the country is cutting back on aid. Philanthropies say they cannot replace the United States.
Medicaid Cuts Pose Budget Conundrum for Valadao and Republicans Nationwide
For Representative David Valadao of California and other Republicans whose constituents depend on Medicaid, a vote for their party’s budget could be politically fatal. President Trump’s agenda hangs in the balance.
Senate G.O.P. Passes Budget Resolution, and Punts on Tough Questions
Approval of the Republican budget plan left major questions about tax cuts and spending reduction for another day.
Overnight ‘Vote-a-Rama’ in the Senate Frames a Contentious Budget Debate
Before adopting Republicans’ budget resolution, senators were engaging in an all-night parliamentary marathon that Democrats used to try to force the G.O.P. into politically damaging votes.
Trump Signs Executive Order Ending Federal Funds for Undocumented Migrants
President Trump’s executive order also directed federal departments and agencies to ensure that federal funds do not encourage people to come to the United States illegally.
Trump Rebuffs Senate G.O.P. and Backs House Budget Plan
Mr. Trump’s call for “one big beautiful bill” came just hours after he gave conflicting directions to congressional Republicans on cuts to social safety net programs.
Hegseth Orders Pentagon to Draw Up Plans for Cuts
The defense secretary has told senior leaders to prepare to trim 8 percent from the budget over each of the next five years, officials said.
Trump Says Medicaid Won’t Be ‘Touched.’ That Would Make It Hard to Extend Tax Cuts.
The math doesn’t seem to work with the House budget proposal, and the president’s record shows a consistent openness to Medicaid cuts.
Here’s What to Know About Congressional Republicans’ Budget Plans
The Senate is debating a fiscal blueprint that would pave the way for part of President Trump’s domestic policy agenda, while the House is on a separate track.