Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
Senate Democrats in Washington are advocating for new taxes to address a looming $16 billion budget shortfall, as revealed in a leaked email sent by Sen. Noel Frame (D-Seattle). The email, sent shortly after Governor Jay Inslee’s announcement of the shortfall, outlines additional taxes beyond those proposed by Inslee, which include a new wealth tax, a temporary 20% business surcharge, and an increase in business and occupation (B&O) tax rates.
Reports indicate that President Donald Trump is growing increasingly frustrated with House Speaker Mike Johnson following last week’s government funding debacle, leaving the future of their relationship uncertain. According to Politico's Rachael Bade, several of Trump’s insiders expressed anger over Johnson’s failure to deliver the debt ceiling hike Trump sought, making it more difficult for Republicans to pass the President’s agenda next year.
Mayor Brandon Johnson’s revised 2025 Chicago budget proposal, the fourth draft, has eliminated plans for a property tax increase and unpaid furlough days for city employees, following resistance from the Chicago City Council.
Former President Donald Trump told a crowd in Salem, Virginia, Saturday night that if Kamala Harris is elected President, the United States will witness a "1929-style economic depression."
A prominent super PAC supporting Kamala Harris has informed the vice president that labeling former President Donald Trump as a fascist “is not that...
