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.
A coalition of over 60 rights organisations has signed a letter addressed to French President Emmanuel Macron demanding reparations for Haiti, whose e...
Scientists have discovered thriving animal communities living off chemicals, not sunlight, at record depths in the Pacific Ocean’s Kuril-Kamchatka a...
Voice actors across Europe are sounding the alarm over the rise of artificial intelligence in the dubbing industry, warning that the use of AI-generat...
AnewZ and Agenzia di Stampa Italpress have signed a Memorandum of Understanding and Cooperation to develop and strengthen ties in the media sector....
President Donald Trump announced on Wednesday that the United States will impose a 25% tariff on imports from India starting August 1, along with an a...
Democrats are growing increasingly discouraged about the direction of their party, according to a new AP-NORC poll released six months after Donald Trump returned to the presidency.
President-elect Donald Trump picked prominent investor Scott Bessent to take on the role of U.S. treasury secretary.
"A defeat does not mean we're defeated," US President Joe Biden told disappointed Democrats after Donald Trump's election win. He urged Americans to "bring down the temperature."
Mexican President Claudia Sheinbaum congratulated Donald Trump on his election victory, calling for dialogue and respect for sovereignty. She expressed confidence in strong U.S.-Mexico relations and reassured the public despite market instability.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
A coalition of over 60 rights organisations has signed a letter addressed to French President Emmanuel Macron demanding reparations for Haiti, whose economy was burdened for decades by a 19th-century compensation debt to France.
AnewZ and Agenzia di Stampa Italpress have signed a Memorandum of Understanding and Cooperation to develop and strengthen ties in the media sector.
President Donald Trump announced on Wednesday that the United States will impose a 25% tariff on imports from India starting August 1, along with an additional, unspecified penalty.
Azerbaijan will begin supplying 6 million cubic metres of gas to Syria this week under a swap deal with Türkiye, officials said, aiming to boost electricity generation in the war-torn country.
Kazakhstan has once again come into the geopolitical spotlight, this time with American interests front and center.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment