Dec 20, 2017

How the tax bill adds to the debt headache

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Despite Trump, Congress boosts clean energy funding

Congress is set to pass a budget doubling down on a years-long trend of increasing clean-energy funding, despite President Trump's repeated attempts to cut spending.

Driving the news: The spending bill the House passed on Tuesday would increase energy research spending nearly 14% compared to this year’s levels and more than 50% compared to 2014.

Go deeperArrowDec 18, 2019

Warren on economists criticizing her wealth tax: "They're just wrong"

Sen. Elizabeth Warren said at the Democratic debate Thursday that economists who claim her wealth tax proposal would stifle growth and investment are "just wrong."

Why it matters: Warren's riff on the wealth tax, in which she emphasized how "a two cent tax" on fortunes of $50 million and above, has become a core part of her stump speech.

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Keep ReadingArrowDec 20, 2019

Trump signs $1.37 trillion spending deal, averting federal shutdown

President Trump on Dec. 19. Photo: Brendan Smialowski/AFP via Getty Images

President Trump on Friday evening signed a $1.37 trillion spending measure to avoid a government shutdown, according to CNBC.

Why it matters: Unlike last year, when the U.S. government shut down for 35 days from December through January, Trump was willing to accept less funding than he originally requested for the U.S.-Mexico border. He wanted $8 billion for the wall, but Congress only fulfilled $1.375 billion for fence construction, according to NPR.

Go deeperArrowDec 21, 2019