Budget

The president’s “soak the rich” proposal would explode the national debt, do nothing to “save” Social Security, and would ultimately hurt the working class.

U.K. Treasury announces multi-billion pound tax cuts to help balance the books.

Russia’s military failures in Ukraine offer lessons to help the U.S. rethink the idea that “bigger is always better.”

Sen. Mitch McConnell said the day before he would not mount a Republican stonewalling effort. The vote punts a possible debt default to December.

“The Arizonans who did the work to elect Sinema have had enough of her betraying the voters who put her in office,” a Democratic organizer said.

While he’s been focused on winning Republican support for his agenda, he’s risking alienating members of his own party.

Administration officials cautioned the proposal is the first step in an arduous process to draft and pass a federal budget, but hope it “sets the tone” for upcoming negotiations.