President Biden pointed a finger at Republican states, saying inflation soared under his watch because the leaders there bungled the economy.
As they gather this week at President Donald Trump's Miami resort, House Republicans face a host of tough decisions.
Biden told MSNBC's Lawrence O'Donnell his administration "invested more" in states that voted Trump-GOP because the "red states really screwed up."
President-elect Trump and Republican majorities in Congress are planning to pursue an ambitious tax cut plan, but some GOP lawmakers warn rising bond yields could dampen those efforts.
Surging long-term interest rates and stubborn inflation are inflaming divisions among congressional Republicans over paying for the sweeping tax cuts Donald Trump promised, complicating the path to passage with the party’s already tenuous majority.
New York Republican leaders hope Donald Trump’s second term boosts their chances in the 2026 gubernatorial race. GOP chair Ed Cox believes Trump’s focus on border security, tax reform, and inflation could build momentum, especially if he delivers on promises like lifting the SALT cap and opposing congestion pricing.
The GOP-backed bill would then require the revenue ... which has overwhelmingly surpassed the average annual inflation rate," he said. The tax would apply to private colleges and universities ...
A recent flare-up over visas for tech workers revealed a rift among Republicans on immigration. Steve Bannon, once Donald Trump’s chief strategist, termed the H-1B visa program a “total and complete scam.” Many Trump supporters sided with Bannon. So did Bernie Sanders, the progressive Vermont senator.
Surging long-term interest rates and stubborn inflation are inflaming divisions among congressional Republicans over paying for the sweeping tax cuts Donald Trump promised, complicating the path ...
Concerns about inflation have been pegged as a major catalyst for big swings in longer Treasury yields in recent months. The 10-year Treasury yield hit a peak of 4.8% recently, but has since eased back to about 4.
Some lawmakers want to see the cap on deductions for state and local taxes or the child tax credit indexed or at least adjusted for inflation.
Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.