Politics and Budgets

Trump administration cancels $1.5 billion in federal grants to California, Colorado, Illinois and Minnesota, targeting transportation and CDC projects.

Bill Ackman slams California's proposed billionaire wealth tax as "expropriation of private property" as tech moguls reportedly consider leaving the state.

SNAP benefits for 42 million Americans are at risk as the ongoing government shutdown threatens funding for November food stamp payments, according to the USDA.

Major U.S. airports refuse to play Homeland Security Secretary Kristi Noem's video blaming Democrats for the government shutdown causing flight delays.

The "big, beautiful bill" passed by House Republicans includes hundreds of billions in cuts to SNAP, more stringent work requirements and more costs to states.

The White House said President Donald Trump's "big, beautiful bill" includes a 401K-style savings account for new parents and is "very pro-family."

Uber and DoorDash executives came out in support of No Tax on Tips provisions in President Donald Trump's "Big Beautiful Bill."

Kevin O'Leary dubs the reconciliation bill as a "big, ugly piece" of legislation, putting a new provision that gives the IRS "unprecedented" new powers in his crosshairs.

The odds are "very high" that President Biden and Senate Majority Leader Chuck Schumer, D-N.Y., will tell Republicans "to hell with you" on shutdown negotiations, says Sen. Ted Cruz, R-Texas.

National Economic Council Director Lael Brainard said that debt-ceiling talks in Congress are "serious" and "constructive" as the deadline looms.

White House press secretary Karine Jean-Pierre said Wednesday that President Biden will propose to raise taxes in his budget plan, which will be released Thursday.

A $20 trillion increase to the U.S. budget in a decade means "someone down the road is going to pay for it," Committee for a Responsible Federal Budget's Maya MacGuineas says.

President Biden on Monday unveiled a new minimum tax targeting billionaires as part of his 2023 budget request, proposing a 20% rate that would hit both the income and unrealized capital gains of the wealthiest Americans.

Senate Minority Leader Mitch McConnell told his colleagues Wednesday he is prepared to cut a deal with Majority Leader Chuck Schumer to prevent a nationwide debt default.

Mick Mulvaney told FOX Business' "Mornings with Maria" that there is "no way" to pay for Senate Democrats' $3.5 trillion spending bill without raising taxes on the middle class.

Former President Donald Trump called Friday night for Senate Republicans to withdraw from negotiations over President Biden’s $1.2 trillion spending proposal, warning that "RINO Republicans" were "just being played by the Radical Left Democrats."

President Biden's budget blueprint predicts modest economic growth during his presidency and beyond, despite the rosy rhetoric Biden has projected on how a federal spending spree is needed to spur on job creation.

The White House on Friday unveiled a $6 trillion budget proposal for fiscal year 2022 which would push debt levels to the highest they’ve been since World War II, and Republicans on Capitol Hill are calling the proposal “dead on arrival" in Congress.

The White House has left the door open to accepting the GOP infrastructure counteroffer unveiled Thursday morning but said that figuring out how to pay for the plan "remains unclear."

Press secretary Jen Psaki revealed Friday that the White House is offering to bring the pricetag of its infrastructure package down from $2.25 trillion to $1.7 trillion.