President Trump has proposed selling half of the Strategic Petroleum Reserve, America’s emergency stockpile of oil, as part of his 2018 budget proposal. The White House says that would lower the federal deficit by nearly $17 billion over a decade. We’ll take a look at how the reserve came about – and why there’s a […]
President Trump’s first major budget proposal will cut away at the safety net for the millions who live at or below the poverty line. The budget being released today proposes mammoth cuts to Medicaid as well as revamping anti-poverty programs. States will have more power to set spending priorities, but have much less to spend. […]
The Trump administration will reveal a major budget proposal tomorrow. It is widely expected to include massive cuts to Medicaid – $800 billion worth over 10 years. States would also get more flexibility to impose work requirements, meaning people who receive government assistance – including Medicaid – would be required to work. Is that a good […]
The Trump administration is expected to release its detailed 2018 budget tomorrow. According to “near-final” documents leaked to the Washington Post last week, the proposed cuts include more than $10.5 billion in federal education initiatives. On the chopping block are more than $1 billion in grants that fund after-school and summer programs for low-income kids. […]
President Trump is headed to Saudi Arabia, the first stop on his first foreign trip as president. The Saudis buy a lot of weapons from the U.S., and more arms deals could be announced this weekend. The U.S. keeps careful tabs on who buys American-made weapons and what they buy. There is sometimes a delicate […]
Rachel Abrams of the New York Times and Sudeep Reddy of Politico join us to discuss the week’s business and economic news. This week, they talk about how the latest revelations from the White House will affect Donald Trump’s economic agenda ahead of his trip to Saudi Arabia. Plus, with the controversies surrounding Trump and former […]
President Trump travels to Saudi Arabia today, the first stop on his first foreign trip as president. A number of American CEOs are also tagging along because, it turns out, there are deals to be done in Saudi Arabia. Click the audio player above to hear the full story.
A copy of President Trump’s proposed education budget has been leaked to the Washington Post. In total, the plan would eliminate $10.6 billion from federal education initiatives, including things such as after-school programs for the poor, teacher training, and surprisingly, work-study funding for college students. The cuts to work-study, together with other proposed rollbacks in college […]
