spending cuts

Mark Cuban reshared a post supporting Rep. Ro Khanna‘s (D-Calif.) “Progressive Deficit Reduction Plan,” which aims to slash the U.S. deficit by $12 trillion over the next decade. What Happened: Khanna detailed the plan, emphasizing $2.4 trillion in spending cuts as a cornerstone...

Rep. Don Bacon (R-Neb.) has expressed his support for $500 billion in Medicaid cuts. This comes as congressional Republicans are striving to preserve the 2017 Tax Cuts and Jobs Act. What Happened: Bacon, joined by 12 other Republicans, has closely reviewed the proposal and identified three key...

Argentina’s President Javier Milei has taken a bold step in his economic reform agenda by bypassing the opposition-dominated congress. Milei, a libertarian, is determined to implement his radical austerity plan without legislative approval. What Happened: In a recent interview with the...

In a bid to prevent a looming government shutdown, U.S. House Speaker Kevin McCarthy (R-Calif.) has urged fellow Republicans to stop resisting the proposed spending plans for the next fiscal year. What Happened: McCarthy addressed his party members in private on Thursday, opposing threats to his...

The much-awaited meeting between President Joe Biden and House Speaker Kevin McCarthy regarding the debt ceiling crisis that was scheduled to take place on Friday has been reportedly postponed with the leaders having agreed to meet early next week. Aides from both sides have begun discussing ways...