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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Yemen’s Houthis have claimed responsibility for the recent drone and missile strikes on Saudi Aramco facilities in Dhahran and Riyadh and at King Khalid International Airport in Saudi Arabia, vowing to carry out more attacks in the coming days.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling to accept the energy ceasefire announced by U.S. President Donald Trump.
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