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Understanding the cycle of U.S. deficit spending and rising debt amid Trump budget push – CBS News Watch CBS News The U.S. economy is the largest globally, but its debt outweighs that distinction by trillions. Maya MacGuineas, president of the nonpartisan nonprofit Committee for a Responsible Federal Budget, joins “America Decides” to explain why that’s a problem, and how increasing that debt with the latest budget proposal could hurt average Americans. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

House committee to reconvene after conservatives block Trump budget package – CBS News Watch CBS News Conservatives blocked President Trump’s “big beautiful bill” from advancing out of the House Budget Committee on Friday. The committee is set to meet again late Sunday night for another vote attempt. CBS News congressional correspondent Caitlin Huey-Burns reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Rep. Kathy Castor says Trump budget bill “could die of its own weight” – CBS News Watch CBS News The Republican-led House Budget Committee failed to pass President Trump’s budget plan on Friday. Democratic Rep. Kathy Castor of Florida, who serves on the House Energy and Commerce Committee, joins “America Decides” to discuss her grievances with the bill. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport.Eric Thayer | Bloomberg | Getty ImagesThe Justice Department and Boeing are close to a deal that would allow the aerospace giant to avoid pleading guilty or a trial in a criminal case related to two deadly crashes of its 737 Max passenger jet, a person familiar with the matter said Friday.Boeing agreed to plead guilty in the case last summer in a deal with the Justice Department after the Biden administration found earlier that year that the company violated a 2021 agreement tied to the crashes. A judge…

The House Republican bill to enact President Trump’s domestic policy agenda contains a provision that has prompted opposition from the Mexican government — a tax on cash payments sent by non-U.S. citizens to family members in their home countries.The payments, known as remittances, would be subject to a 5% excise tax that would encompass more than 40 million people, including green card holders and nonimmigrant visa holders, such as people on H-1B, H-2A and H-2B visas. U.S. citizens would be exempt. In a May 13 letter to the leaders of the House Ways and Means Committee, Esteban Moctezuma Barragán, Mexico’s ambassador…