Trump's Republicans are set to gain control of Congress, pushing an agenda of tax cuts, border security, and deregulation. However, their plan could add trillions to the national debt, challenging their goal of reducing the $35 trillion deficit.
Donald Trump’s Republicans are likely to take control of both chambers of Congress, giving them power to push a broad agenda of tax cuts, energy deregulation, and border security. However, this could conflict with their goal of reducing the $35 trillion debt. Republicans secured a 52-48 Senate majority and are expanding their House lead, though 51 races remain uncalled.
Key priorities include extending Trump’s 2017 tax cuts, funding the border wall, and reducing the power of agencies like the Consumer Financial Protection Bureau.
Trump’s tax proposals could add $7.5 trillion to the debt over the next decade. The deficit hit $1.833 trillion in 2024, with interest on debt topping $1 trillion.
Republicans argue that Trump’s previous tax cuts boosted revenue, aiming to replicate early-term economic growth. However, critics, like Marc Goldwein from the CRFB, say the increase in tax receipts is driven by inflation and does not reflect actual growth.
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Democrats captured majorities in both chambers of Congress on Tuesday, scoring sweeping victories that reached into Republican strongholds, with millions of voters delivering a strong rebuke to President Donald Trump.
Democrat wins surged on Tuesday across the United States with stunning victories in the South Carolina, Texas and Ohio senate races -- traditionally Republican strongholds -- in the 3 November midterm elections.
U.S. President Donald Trump says Washington will end its annual financial and military aid to Israel by the end of 2026, under an agreement he claims to have reached with Israeli Prime Minister Benjamin Netanyahu.
Iranian parliament speaker Mohammad Bagher Ghalibaf says the U.S. must act to prevent war after Tehran sent a “strong and rational response” to Washington. Meanwhile, U.S. forces have reportedly carried out limited strikes against Iranian targets, including Qeshm Island,
Elon Musk was not on the ballot in Tuesday’s U.S. midterm elections, but he emerged as one of the biggest losers after Democrats swept to victory, threatening his political influence and exposing his business empire to greater scrutiny.
Montenegro has moved a step closer to becoming the European Union's next member, with Brussels signalling that the Balkan country could join by 2028, ending more than a decade without EU enlargement.
Thousands of protesters, including students and artists, marched through Prague and other Czech cities on Tuesday as public television and radio workers staged a one-day strike over government plans to cut funding and bring the broadcasters under state budget control.
As oil prices surge amid conflict in the Gulf, energy leaders at ADIPEC in Abu Dhabi are confronting two major challenges: securing global supplies and meeting soaring electricity demand from artificial intelligence.
North Korea fired multiple missiles into the sea off its east coast on Wednesday, South Korea's Defence Ministry said, in Pyongyang's fourth weapons launch in a month.
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