Spending

San Francisco’s New Mayor Inherits Nearly $1 Billion Budget Crisis

San Francisco Mayor-elect Daniel Lurie faces a daunting task as he prepares to address the city’s $876 million budget shortfall when he takes office on January 8. The fiscal crisis stems from pandemic-era decisions, declining tax revenue, and rising costs.

Biden Admin Pushes $7 Billion Loan for EV Battery Plants in Indiana

The Biden administration announced a $6.85 billion loan on Monday to build two electric vehicle (EV) battery plants in Kokomo, Indiana.

U.S. Spent Nearly $151 Billion on Illegal Immigration in One Year

The Department of Government Efficiency (DOGE) revealed that the U.S. government spent almost $151 billion on illegal immigration in 2023.

Democrat Lawmaker Joins DOGE Caucus

Representative Jared Moskowitz (D-FL) has joined the congressional DOGE Caucus, the first Democrat to do so.

NATO Chief Warns Against Russia-Friendly Peace Deal for Ukraine

NATO Secretary-General Mark Rutte cautioned President-elect Donald Trump against brokering a Ukraine-Russia peace deal that could favor Moscow. Rutte expressed concerns that such an agreement could embolden adversaries like China, Iran, and North Korea, creating long-term security risks for both Europe and the United States.

Gov. Abbott Threatens Funding Cuts to Texas Children’s Hospital Over TikTok Video on Immigration Status Law

Texas Governor Greg Abbott has threatened to cut funding to Texas Children’s Hospital after a Houston doctor, Dr. Tony Pastor, posted a TikTok video advising patients to disregard a new state law requiring hospitals to inquire about patients' citizenship during intake. The executive order, effective November 1, mandates that hospitals accepting Medicaid or Children’s Health Insurance Plan (CHIP) payments collect this information.

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.

RFK Jr. Aims to Ban Pharmaceutical Advertising

Robert F. Kennedy Jr. aims to ban pharmaceutical advertising if confirmed as Secretary of the Department of Health and Human Services.

JPMorgan Chase CEO Jamie Dimon Quietly Advising Donald Trump

Jamie Dimon, CEO of JPMorgan Chase, has been revealed as a behind-the-scenes adviser to President-elect Donald Trump, helping shape a bold policy agenda before and after Trump's decisive victory, according to sources cited by The New York Post.

Rep. Mariannette Miller-Meeks Wins Recount, Secures Reelection in Iowa’s Tight 1st District Race

Rep. Mariannette Miller-Meeks has retained her seat in Iowa’s 1st Congressional District following a recount that confirmed her narrow victory over Democrat Christina Bohannan....

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