Federal Interest Costs to Hit Record in Two Years, CBO Says

The federal government is on track to spend $1.6 trillion more than it brings in this fiscal year with new projections published Wednesday showing federal spending is projected to remain unsustainable in the decades to come. 

Senate Border Bill Fails, Ukraine Funding Vote Expected

A $118 billion deal that combined a batch of foreign funding for Ukraine, Israel and Taiwan with a slew of controversial border provisions failed in the U.S. Senate Wednesday. The text of that bill was unveiled Sunday, but support imploded almost immediately.

U.S. House Votes Against Impeaching Mayorkas

The U.S. House of Representatives voted Tuesday against impeaching U.S. Department of Homeland Security Secretary Alejandro Mayorkas, with four Republicans joining all Democrats in voting against impeachment.

State of Emergency Declared in California As State Hit With Historic Storm

On Monday, a historic storm unleashed unprecedented rainfall over Los Angeles, triggering landslides of mud and boulders in areas filled with multimillion-dollar homes and forcing those in homeless encampments throughout the city to seek safety. The severe weather conditions resulted in over 1 million people across the state losing power.

‘Don’t Fall For It’: Trump Blasts Senate Border Bill

Many Republicans already are criticizing a border bill expected to be voted on in the U.S. Senate. Former President Donald Trump blasted the proposed legislation Monday, and House Speaker Mike Johnson, R-La., called it “dead on arrival.”

Speaker Johnson Unveils $17.6 Billion Aid Package for Israel, Claims Senate Will ‘No Longer Have Excuses’

Speaker Mike Johnson (R-LA) plans to introduce a bill on the House floor next week to allocate $17.6 billion in emergency funding to Israel. This move comes at a critical time, coinciding with the anticipated release of legislative details by Senate and White House negotiators this weekend. The discussions aim to reach a border security agreement alongside President Biden’s request for $106 billion in supplemental funding. 

US Federal Reserve Leaves Rates Unchanged

The U.S. Federal Reserve, the world’s most influential central bank, held interest rates at a 23-year high on Wednesday but did not immediately indicate when it would begin cutting borrowing costs this year.

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