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.
The European Parliament has approved a non-binding resolution calling for a minimum age of 16 for social media access across the EU, citing rising con...
Rachel Reeves has said she still backs the Office for Budget Responsibility and its chair after the fiscal watchdog mistakenly released details of her...
As the security landscape in Europe shifts under the shadow of Russian aggression, France is preparing to unveil a new voluntary military service prog...
Russia's Kremlin aid Yuri Ushakov has denounced the leak of recordings of phone calls between top advisers to U.S. President Donald Trump and his Russ...
Baku is hosting the 12th meeting of the Organisation of Turkic States (OTS) Media and Information Working Group, on Thursday, where key representative...
Donald Trump told reporters on Friday that he plans to take the BBC to court, accusing the broadcaster of altering his remarks in a way he says caused serious reputational harm.
Start your day informed with AnewZ Morning Brief: here are the top news stories for October 20th, covering the latest developments you need to know.
Abolishing mail-in ballots and voting machines is key to restoring election integrity ahead of 2026, according to U.S. President Donald Trump.
The U.S. Justice Department has opened a grand jury investigation into claims that former officials fabricated links between President Donald Trump and Russia.
Venezuela says it has deployed a range of weapons, including decades-old Russian-made equipment, and plans to mount guerrilla-style resistance in the event of an air or ground assault particularly from the U.S.
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
A passenger aircraft from Polish carrier LOT veered off a taxiway at Lithuania's Vilnius airport after arriving from Warsaw on Wednesday, halting all traffic, the airport operator said.
A major fire continues to rage at a warehouse in Southall, west London, sending thick plumes of black smoke into the sky hours after it first broke out.
The Hayli Gubbi volcano in Ethiopia’s Afar region erupted on Sunday morning (23 November), covering nearby villages in ash.
The European Parliament has approved a non-binding resolution calling for a minimum age of 16 for social media access across the EU, citing rising concerns about children’s mental health and online safety.
Rachel Reeves has said she still backs the Office for Budget Responsibility and its chair after the fiscal watchdog mistakenly released details of her budget early on Wednesday, prompting market moves and anger in parliament.
As the security landscape in Europe shifts under the shadow of Russian aggression, France is preparing to unveil a new voluntary military service programme aimed at strengthening national defence and reconnecting citizens with the armed forces.
Russia's Kremlin aid Yuri Ushakov has denounced the leak of recordings of phone calls between top advisers to U.S. President Donald Trump and his Russian counterpart Vladimir Putin as an “unacceptable” attempt to undermine Ukraine peace negotiations, calling it a form of hybrid warfare.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 27th of November, covering the latest developments you need to know.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment