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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Abolishing mail-in ballots and voting machines is key to restoring election integrity ahead of 2026, according to U.S. President Donald Trump.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
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Iraq's former Prime Minister Nouri Al-Maliki said on Wednesday that he rejects U.S. interference in Iraq's internal affairs, after U.S. President Donald Trump threatened to cut off support to the country if Maliki was picked as prime minister.
Syrian President Ahmed al-Sharaa stressed to U.S. President Donald Trump in a phone call on Tuesday the importance of unifying international efforts to prevent the return of "terrorist groups", including Islamic State.
“For some weeks now, we have been seeing with increasing clarity the emergence of a world of great powers,” German Chancellor Friedrich Merz said on Thursday (29 January), declaring that Europe had found “self-respect” in standing up for a rules-based global order.
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Chinese authorities say they've carried out capital punishment against a group of individuals tied to notorious telecommunications fraud syndicates operating across the southern border, according to state news agency Xinhua.
Prime Minister Sanae Takaichi's Liberal Democratic Party is likely to increase its number of parliamentary seats and gain a majority in the lower house, a preliminary survey by the Nikkei newspaper showed on Thursday (29 January).
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