federal budget
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White House Restructuring of $200B Science Budget Shifts Priorities Toward Policy-Aligned Research
The Trump administration is overhauling the $200 billion federal research budget, giving political appointees veto power over scientific grants.
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U.S. National Debt Hits $40 Trillion Milestone Amid Spending and Revenue Pressures
The U.S. national debt has hit a record $40 trillion, as surging interest costs now outpace defense spending and raise urgent alarms over fiscal stability.
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Senator Van Hollen Outlines Federal Policy Challenges at MACo Conference
Senator Chris Van Hollen told Maryland officials that while the 2026 budget secured key funding, the Trump administration’s policies present significant fiscal hurdles.
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US Congress Faces Looming 2032 Deadline as Social Security Trust Fund Nears Exhaustion
New projections indicate the Social Security retirement trust fund could be exhausted by 2032, potentially triggering an automatic 24% benefit cut for 63 million Americans.
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Labor to overhaul negative gearing in May 12 budget
The federal government is set to reform negative gearing, capital gains tax, and trust structures in next week’s budget, signaling a major shift in property investment policy.
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Mark Carney’s First Federal Budget: Deep Cuts, Tax Reform, and Political Uncertainty
Prime Minister Mark Carney’s debut budget brings sweeping spending cuts, tax system changes, and ambitious investments—all under the shadow of a U.S. trade war and tense parliamentary negotiations.
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Understanding the U.S. Government Shutdown: Causes, Impact, and Resolution Prospects
An in-depth analysis of the U.S. government shutdown, exploring its root causes, economic and social impact, and the political dynamics shaping its resolution.
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What Happens When the Government Shuts Down
A government shutdown halts non-essential federal operations, impacts workers, and disrupts services. Learn about its causes, effects, and who is impacted most.
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Elon Musk Exits Trump Cabinet After Tumultuous Tenure
Elon Musk steps down from his advisory role in the Trump administration after a controversial tenure marked by clashes and limited budget cuts.