Tag #Debt Ceiling

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Republican Divisions Threaten Trump's Debt Ceiling Strategy

President Trump faces significant Republican opposition to raising the debt ceiling, with 49 House Republicans and 12 Senators never having voted for such a measure, jeopardizing his legislative agenda and potentially leading to a national default.

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nos.nl
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German Construction Sector Faces 50% Revenue Drop Amidst Economic Crisis

Germany's construction sector faces a 50 percent revenue drop in Mecklenburg-Vorpommern due to economic woes and bureaucratic inefficiencies, delaying infrastructure projects and creating uncertainty for companies like ASA-Bau; the upcoming elections will debate solutions.

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Industry, Innovation, and Infrastructure
cnn.com
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House Republicans Demand Massive Spending Cuts Before Supporting Trump's Bill

House Republicans are demanding hundreds of billions, or even trillions, in spending cuts before supporting President-elect Trump's bill, which includes a debt limit hike and increased spending on border security, energy, and tax extensions; this internal GOP conflict threatens to derail the bill un...

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Trump's 100-Day Agenda Faces Steep Challenges

President-elect Trump's ambitious plan to pass tax cuts, enhance border security, and raise the debt ceiling within his first 100 days faces significant hurdles due to the narrow Republican majority in Congress and the complexities of the reconciliation process.

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forbes.com
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U.S. Faces Fiscal Crisis; Incoming Administration Plans Tax Cuts and Spending Reductions

The incoming U.S. administration faces a critical fiscal crisis marked by rising mandatory spending, insufficient revenue, and a soaring national debt; plans include tax cuts and spending reductions, but their effectiveness remains uncertain due to legal and political challenges.

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aljazeera.com
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US Government Shutdown Looms Amidst Biden-Trump Budget Battle

US government funding is set to expire Saturday, risking a shutdown due to a partisan stalemate over a budget bill. President-elect Trump opposes the bipartisan bill passed by House Republicans, creating a political clash impacting federal employees and services.

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60% Bias Score

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abcnews.go.com
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Young's Budget Success: Averting Crisis and Achieving Bipartisan Deals

Shalanda Young, the White House budget director, successfully averted a government default, secured disaster relief, addressed a baby formula shortage, and saved Ukraine aid through skillful negotiations with Republicans, leaving a legacy of achievement despite President Biden's low approval rating.

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edition.cnn.com
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House Republicans Demand Trillions in Spending Cuts Before Supporting Trump's Bill

House Republicans are demanding trillions in spending cuts before supporting President-elect Trump's bill, which includes a debt limit increase and billions in spending on border security, energy projects, and tax extensions; failure to reach a compromise could lead to the bill's collapse and potent...

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52% Bias Score

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abcnews.go.com
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Trump Meets with Republicans to Strategize on Passing Key Policy Initiatives

President-elect Trump is meeting with Senate and House Republicans to strategize on passing key policy initiatives using reconciliation, facing internal divisions over a one-bill or two-bill approach, aiming for an April deadline.

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forbes.com
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Tesla Deliveries Fall, Economic Uncertainty Drives Market Volatility

Tesla reported a 1% year-over-year decline in deliveries to 1.79 million units in 2024, its first annual decrease in almost a decade, while competitor BYD saw a 12% increase; a looming US debt ceiling crisis and potential dockworker strike fuel economic uncertainty, driving up gold and oil prices an...

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foxnews.com
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Congress Averts Shutdown with Short-Term Spending Bill

President Biden signed a $100 billion disaster relief and $10 billion farm aid bill into law on Saturday, averting a government shutdown and extending funding until March; the bill passed Congress after a chaotic week of negotiations and revisions.

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jpost.com
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House Averts Shutdown, Rejects Trump's Debt Demand

The US House passed a bill to prevent a government shutdown before midnight on December 23, rejecting President-elect Trump's demand to also raise the debt ceiling; the bill includes $110 billion in disaster relief but leaves the debt issue for later.

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