The GOP's Swag Deficit
Why Republicans are losing their political edge and how a bold pro-growth budget could get it back.
Budget
House GOP Advances $95 Billion Budget Package
The measure passed despite unified Democratic opposition and resistance from some Republican lawmakers, allowing work to begin on what leaders have described as the next phase of the reconciliation process.
What The House Funding Bill Means For The Government
The bill passed by a vote of 220 to 205 and now moves to the Senate for consideration.
Pakistan Looks To U.S. For $10 Billion Reserve Boost
The report said the request comes as Pakistan continues to face financial pressures and seeks measures to reinforce investor confidence and external liquidity.
Defense Secretary Says Iran War Has Cost U.S. $37.5 Billion
Hegseth defended a $95 billion Republican budget package, arguing that the funding is necessary to support national priorities as lawmakers debate spending ahead of the midterm elections.
U.S. Expands Sanctions On Cuba's Tourism Sector
The report said the sanctions, authorized under a May executive order, block the U.S.-based property and financial interests of the designated entities.
What Is The Digital Euro And How Will It Work
The report said the digital euro would be an electronic form of central bank money available directly to the public while physical cash remains in circulation.
U.S. June Budget Deficit Widens To $120 Billion
The report said the Treasury collected $23.6 billion in customs duties during the month but paid out $49.2 billion in tariff refunds, resulting in a net outflow.
White House Seeks $87.6 Billion Supplemental Spending Package
Strengthening defense capabilities following recent operations involving the United States military.
White House Redirects $352 Million For Security Projects
The transfer has drawn attention from lawmakers in both parties, who are seeking clarification on how the funds will ultimately be used.
Federal Reserve Holds Interest Rates Steady At Warsh’s First Meeting
The decision, approved unanimously by the Federal Open Market Committee, reflects the central bank’s view that inflation remains elevated relative to its long-term target of 2%.
White House Ballroom Cost Estimate Climbs To $600 Million
According to internal project documents, the rising estimate reflects the scale and complexity of the planned facility, which is intended to host large official events and state functions.
Senate Rejects Early Effort To Restrict $1.8 Billion Trump Fund
Chuck Schumer led the challenge, introducing the first in a series of amendments aimed at addressing concerns surrounding the fund.
Gold’s Grim Message
Central banks’ purchases and repatriation of gold are on the rise, and both should be viewed as a symptom of deglobalization. They signal the advent of a more geopolitically fragmented world in which cross-border transactions of all kinds are poised to become more difficult and costly.
A Liberal Sounds The Alarm On Blue Cities
As budgets swell, populations shrink and taxes climb, Fareed Zakaria questions whether America’s largest cities are delivering value for what they spend.