President Trump signed the National Defense Authorization Act (NDAA) into law Thursday, establishing spending at the Pentagon and other priorities for the coming year. The bill approves a record $901 billion in military spending for fiscal 2026, roughly $8 billion more than what the Trump administration requested. It includes a nearly 4 percent pay increase for...
Presented by the Bank Policy Institute — {beacon} Business & Economy Business & Economy PRESENTED BY THE BANK POLICY INSTITUTE The Big Story November inflation slowdown surprises experts The consumer price index (CPI) rose 2.7 percent over the 12-month span ending in November, Economists expected the annual inflation rate to rise to 3.1 percent...
A group of Democratic senators introduced legislation to reverse gun tax credits in the Republicans’ summer spending bill and use the repurposed funding for Medicare. The Medicare Investment and Gun Violence Prevention Act aims to strike credits for silencers, shotguns and firearm transfers while in turn using the $1.7 billion in savings for Medicare over...
Zohran Mamdani's newly appointed director Catherine Almonte Da Costa stepped down following resurfaced posts containing antisemitic remarks about 'money hungry Jews.'
Senate Republicans confirmed 417 of President Donald Trump's nominees this year after changing Senate rules in a bid to blast through Senate Democrats' obstruction of the process.
California candidate Esther Kim Varet's campaign used the wrong photo for an endorsement announcement, sparking a racial controversy in a competitive House race.