Sovereign debt

October 06, 2017 - 12:42 pm
WASHINGTON (AP) — President Donald Trump promised Americans "the largest tax cut in our country's history." But for low-income households, Trump's plan would amount to crumbs. The poorest would get an average tax cut of about $60 a year, according to an analysis by the Tax Policy Center. Middle-...
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In this Sept. 26, 2017 photo, Speaker of the House Paul Ryan, R-Wis., speaks at Republican National Committee Headquarters on Capitol Hill in Washington. Republicans are focused on cutting taxes instead of deficits as they look to power a $4.1 billion budget plan through the House on Thursday. (AP Photo/J. Scott Applewhite)
October 05, 2017 - 5:44 pm
WASHINGTON (AP) — The House on Thursday passed a $4.1 trillion budget plan that promises deep cuts to social programs while paving the way for Republicans to rewrite the tax code later this year. The 2018 House GOP budget reprises a controversial plan to turn Medicare into a voucher-like program...
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FILE - In this Sept. 28, 2017, file photo House Ways and Means Chairman Rep. Kevin Brady, R-Texas, arrives for a news conference on Capitol Hill in Washington. Brady, one of the chief architects of the sweeping tax revamp proposed by President Donald Trump and congressional Republicans isn’t yet saying whether promised cuts under the plan would be retroactive to the start of the year. “To be determined” was the response Oct. 2 from Brady. ( AP Photo/Jose Luis Magana)
October 02, 2017 - 6:07 pm
WASHINGTON (AP) — One of the chief architects of the sweeping tax revamp proposed by President Donald Trump and congressional Republicans isn't yet saying whether promised cuts under the plan would be retroactive to the start of the year. "To be determined" was the response Monday from Rep. Kevin...
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President Donald Trump steps off Air Force One after arriving, Wednesday, Sept. 27, 2017, in Indianapolis. (AP Photo/Darron Cummings)
September 27, 2017 - 8:27 pm
WASHINGTON (AP) — The Latest on the Republican plan to overhaul the tax code (all times local): 8:20 p.m. President Donald Trump and congressional Republicans have unveiled the first major revamp of the nation's tax code in a generation. The sweeping, nearly $6 trillion tax cut would deeply reduce...
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In this Sept. 22, 2017, photo President Donald Trump speaks at a campaign rally in Huntsville, Ala. Trump says he wants to lure Democratic lawmakers to sign on to a Republican-crafted tax overhaul plan. But negotiators must grapple with the reality that any handouts to Democrats quickly could turn into turn-offs for the GOP. (AP Photo/Brynn Anderson)
September 27, 2017 - 11:17 am
WASHINGTON (AP) — Small business owners, large corporations and the super wealthy could fare well under President Donald Trump's tax plan. The middle-class could come out ahead, too, but the plan has too many holes to determine how individual taxpayers would be affected. The plan would reduce the...
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Floodwaters from Tropical Storm Harvey surround homes and businesses in Port Arthur, Texas, Thursday, Aug. 31, 2017. (AP Photo/Gerald Herbert)
August 31, 2017 - 5:15 pm
WASHINGTON (AP) — Congress is gearing up for a vote as early as next week on a multibillion-dollar down payment on relief aid for Harvey. White House and congressional aides said Thursday an emergency request to replenish rapidly shrinking aid reserves is coming from the Trump administration as...
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FILE - In this Aug. 23, 2017 file photo, President Donald Trump walks on the South Lawn of the White House in Washington. The president lashed out at Republican leaders in Congress, suggesting efforts to increase the country's borrowing limit to avoid an economic-rattling default on the nation's debt are "a mess!" (AP Photo/Carolyn Kaster)
August 25, 2017 - 7:21 am
WASHINGTON (AP) — Fanning the flames of GOP discord, President Donald Trump is accusing Republican congressional leaders of botching efforts to avoid an unprecedented default on the national debt. "Could have been so easy-now a mess!" Trump tweeted. The president's sharp words underscored the...
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FILE - In this Aug. 23, 2017 file photo, President Donald Trump walks on the South Lawn of the White House in Washington. The president lashed out at Republican leaders in Congress, suggesting efforts to increase the country's borrowing limit to avoid an economic-rattling default on the nation's debt are "a mess!" (AP Photo/Carolyn Kaster)
August 25, 2017 - 3:45 am
WASHINGTON (AP) — Fanning the flames of GOP discord, President Donald Trump is accusing Republican congressional leaders botching efforts to avoid an unprecedented default on the national debt. "Could have been so easy-now a mess!" Trump tweeted. The president's sharp words underscored the perilous...
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FILE - In this Aug. 23, 2017 file photo, President Donald Trump walks on the South Lawn of the White House in Washington. The president lashed out at Republican leaders in Congress, suggesting efforts to increase the country's borrowing limit to avoid an economic-rattling default on the nation's debt are "a mess!" (AP Photo/Carolyn Kaster)
August 24, 2017 - 9:54 pm
WASHINGTON (AP) — Fanning the flames of GOP discord, President Donald Trump accused Republican congressional leaders Thursday of botching efforts to avoid an unprecedented default on the national debt. "Could have been so easy-now a mess!" Trump tweeted. The president's sharp words underscored the...
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FILE - In this Aug. 23, 2017 file photo, President Donald Trump walks on the South Lawn of the White House in Washington. The president lashed out at Republican leaders in Congress, suggesting efforts to increase the country's borrowing limit to avoid an economic-rattling default on the nation's debt are "a mess!" (AP Photo/Carolyn Kaster)
August 24, 2017 - 8:53 pm
WASHINGTON (AP) — Fanning the flames of GOP discord, President Donald Trump accused Republican congressional leaders Thursday of botching efforts to avoid an unprecedented default on the national debt. "Could have been so easy-now a mess!" Trump tweeted. The president's sharp words underscored the...
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