The Bundestag's Budget Committee reached an agreement on Sept. 5 regarding this year's federal budget. In the end, record debt remains, publicly masked with accounting tricks and hopeful rhetoric.
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How the Democrat Party Could Reinvent Itself
Zohran Mamdani, if elected mayor of New York, would put the city at loggerheads with a reform movement within a Democrat Party that is searching for an answer to President Trump's populist agenda-tariffs, tax cuts and deregulation.
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Trump Demands Immediate, Large Fed Rate Cut
President Donald Trump is once again pressing the Federal Reserve to slash interest rates, issuing a call on Truth Social for a substantial reduction in borrowing costs.
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Bessent: TikTok Deal Close, Hinges on China Trade Deal
The United States and China are close to reaching an agreement on social media platform TikTok but a deal could hinge on Chinese demands for trade concessions, U.S. Treasury Secretary Scott Bessent said Monday before entering a second day of talks in Madrid.
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Trump Admin Renews Push to Fire Fed Gov. Lisa Cook
President Donald Trump's administration renewed its request Sunday for a federal appeals court to let him fire Lisa Cook from the Federal Reserve's board of governors, a move the president is seeking ahead of the central bank's vote on interest rates.
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Talks on trade were overshadowed by a "framework" deal regarding the social media platform, announced by Treasury Secretary Scott Bessent Monday.
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