Billion

Chicago Residents Voice Frustrations Over Budget Crisis and Deficit

Chicago residents are voicing their dissatisfaction as the city grapples with a billion-dollar budget deficit. During a city council meeting Monday, public comments reflected growing frustrations with Mayor Brandon Johnson’s policies, particularly his approach to sanctuary city initiatives and proposed tax increases.

Washington State Budget Deficit Highlights Decade of Spending Growth and New Taxes

Washington state lawmakers have long warned of the potential for a budgetary crisis during an economic downturn, even as the state experienced record-breaking revenue growth over the past decade. Today, those warnings have some merit, as the state faces an estimated $10 billion to $12 billion deficit despite maintaining all-time high revenue levels.

Harris Campaign Faces Backlash Over Post-Election Fundraising Amid Mounting Debt

The Harris campaign continues sending fundraising emails weeks after Vice President Kamala Harris lost to President-elect Donald Trump in the 2024 election. The emails urge supporters to contribute to the "Harris Fight Fund," citing the need to "fight back and hold [Trump] accountable." The emails come amidst the surmounting debt the campaign accrued totaling a whopping $20 million.

Biden Admin Sending Additional $725 Million to Ukraine

The United States is sending $725 million in military assistance to Ukraine.

Biden Administration Moves to End Coal Leasing in Powder River Basin, Sparking Backlash

In a controversial move just ahead of the Thanksgiving holiday, the Biden administration announced it would end future coal leasing in the Powder River...

Biden Administration Approves $6 Billion Loan for Struggling EV Maker Rivian

The Biden administration has committed to a $6 billion loan to electric vehicle manufacturer Rivian to construct a new factory in Social Circle, Georgia,...

Russia Suspends Foreign Currency Purchases

The Bank of Russia announced that it will suspend foreign currency purchases in order to "reduce the volatility of financial markets," Reuters reported.

Trump Plans to Redirect Unspent Biden Climate Funds to Infrastructure

President-elect Donald Trump plans to reallocate billions in unspent Inflation Reduction Act (IRA) funds toward infrastructure projects, aiming to undo Biden administration climate policies. Transition team spokeswoman Karoline Leavitt confirmed that Trump will rescind unspent IRA funds, calling the legislation a “Green New Scam.”

Kamala Harris Mocked for Remarks Following Post-Election Loss

Vice President Kamala Harris faced widespread ridicule after addressing supporters in her first remarks since conceding the presidential race to Donald Trump. Speaking virtually after a post-election vacation, Harris acknowledged the emotional toll of the loss, calling it “heavy” and urging supporters to hold onto their power and purpose despite the defeat.

DOJ Faces Scrutiny Over Election Night Dismissal of Solar Plant Fraud Case

The Department of Justice’s last-minute dismissal of a high-stakes lawsuit against the Crescent Dunes Solar Energy Project has raised significant concerns. This decision, made...

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