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What Game Theory tells us about Trump's 'madman' approach to North Korea
In the past 72 hours, President Trump has threatened North Korea with a nuclear attack, suggested that threat may not have been “tough enough” and then, on Friday morning, boasted that the U.S....
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Trump's moment of truth on trade
Long-awaited talks to renegotiate the North American Free Trade Agreement began in Washington Wednesday. And it doesn’t look good for President Trump and Robert Lighthizer, his special trade...
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Here's how much the war in Afghanistan has cost
President Trump delivered his first prime-time address to the nation at 9 p.m. EDT Monday and announced that he’s sending thousands more U.S. troops to Afghanistan. That announcement represents a...
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Here's what happens if Congress fails to raise the debt ceiling
What happens if Congress fails to raise the debt limit? A new report from the Bipartisan Policy Center examines that question in detail, and the results aren’t pretty. Here are some highlights — or...
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The trouble with Trump's populist tax-reform pitch
The Republican push to sell the public on tax reform kicked into a higher gear Wednesday, as President Trump gave a speech at a manufacturing company in Springfield, Missouri, promoting the...
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Hurricane Harvey relief may help avert a debt ceiling crisis
The Trump administration has asked for a $7.85 billion "down payment" for emergency Harvey relief funding through the end of the fiscal year on September 30, with $7.4 billion of that money slated to...
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Trump's cooperation with Democrats is throwing off political calculations on...
Last week’s kumbaya moment between President Trump and congressional Democratic leaders has upended political calculations on Capitol Hill and given the administration something it can tout as a win....
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Why there won't be a debt crisis in December
A lot of Republicans griped last week that President Trump’s deal with Democrats to suspend the debt ceiling and fund the government through December 8 gave Chuck Schumer and Nancy Pelosi everything...
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5 reasons why Trump's speedy tax reform won't happen
President Trump said he wants to pick up the pace on "dramatic tax cuts and tax reform" in the wake of the storms that have battered to the US in recent weeks. "I think now with what's happened with...
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Hurricane Irma could tip the Virgin Islands into bankruptcy
Hurricane Irma was still a Category 5 storm when it ravaged the US Virgin Islands last week. Damage to the territory’s tourism infrastructure may compel the government to use the bankruptcy process...
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Companies that move their businesses overseas to save money on taxes are...
The drugmaker Mylan was founded in West Virginia and maintains its world headquarters in Pennsylvania, but for tax purposes it’s been a Dutch company since 2015. This little bit of geographical magic...
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Why insurers are losing it over the latest GOP healthcare bill
As Republican senators push their undecided colleagues to support the Graham-Cassidy bill ahead of a September 30 deadline, insurance companies are struggling to figure out what the bill means for...
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Poll: Middle-aged Americans don't trust Trump or Congress to protect Social...
As a candidate, President Trump pledged to “save Medicare, Medicaid and Social Security without cuts,” but nearly 60 percent of Americans heading into their retirement years don’t trust him to protect...
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Why the feud between Trump and Sen. Bob Corker is important for the...
Sen. Bob Corker and President Donald Trump took shots at each other this week during interviews and on Twitter. The feud indicates how some lawmakers distrust Trump's fitness for office and his...
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Homebuilders aren't happy about the Republican tax plan
Homebuilders came out strongly against the Republican tax plan. They don't like that the plan would undercut the benefit of the existing mortgage-interest deduction. Changes to the plan could hit the...
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Why the numbers aren't adding up for the Republican tax bill
Members of the House Ways and Means Committee face a revenue hole of at least $74 billion after making a change to their tax plan. As they try to account for the discrepancy, they face challenges in...
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Why the state and local tax deduction actually makes the system fairer
A major component of the previous tax proposal was not in the legislation that finally became law: the elimination of the deduction for state and local taxes. Differences in taxes paid by people with...
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Trump could have a hard time getting an infrastructure plan passed
President Donald Trump is expected to push for infrastructure spending this year. But both Republicans and Democrats will likely find much to disagree with in the proposal. President Trump will host...
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About 2/3 of US corporate debt needs to be refinanced by 2023 — and rising...
US corporations have about $4 trillion in debt that needs to be refinanced by 2023. That's about two-thirds of all outstanding corporate debt. Some analysts are worried about what will happen if...
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A new report says the US has spent roughly $2.8 trillion on counterterrorism...
A new report suggests that the US government has spent approximately $2.8 trillion in the fight against terrorism since 9/11. It's estimated spending peaked in 2008 during the Iraq and Afghanistan...
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