Tue Mar 4, 2025 AT 10:37 AM EST
Republican lawmakers are urging President Donald Trump to salvage negotiations with Ukrainian President Volodymyr Zelenskyy following last week’s heated Oval Office exchange, hoping to salvage a peace deal that halts Russian encroachment and possibly gives the United States access to Ukraine’s rich mineral wealth.
Senate Republicans don’t think Zelenskyy handled criticism from Trump and Vice President JD Vance well, but they don’t want the setback to obliterate the prospect of a peace deal.
“I just hope that they can get things back on track and that everybody will redouble their efforts,” said Senate Majority Leader John Thune. Read Full Story
Thu Feb 27, 2025 AT 9:25 AM EST
Senate Republicans are working to ensure a permanent extension of President Donald Trump’s first-term tax cuts as they consider the budget plan the House passed on Tuesday.
Senate Republicans argued the debt ceiling in the House budget is not high enough to allow for a permanent extension of the 2017 tax cuts set to expire at the end of the year, while also accommodating the president’s other tax proposals like exempting tips, overtime pay, and Social Security benefits.
The House late Tuesday adopted a budget resolution that provides instructions to committees to craft a sweeping budget reconciliation package that will cut taxes and spending, raise the debt limit and address critical GOP priorities like border security, immigration enforcement, energy production and the national defense. Read Full Story
Thu Feb 20, 2025 AT 9:34 AM EST
President Donald Trump on Wednesday said his administration is considering returning 20% of savings identified by Elon Musk’s Department of Government Efficiency (DOGE) initiative to Americans, echoing a proposal made on social media site X.
Speaking at a meeting of global financiers and tech executives in Miami hosted by Saudi Arabia’s sovereign wealth fund, Trump said he is also considering using another 20% of the savings to pay down the federal government’s debt.
“There’s even under consideration a new concept, where we give 20% of the DOGE savings to American citizens, and 20% goes to paying down debt,” Trump said.
The proposal originally came from businessman James Fishback, who on Tuesday posted a four-page memo on X suggesting a “DOGE dividend.” The post caught the attention of Musk, who responded: “Will check with the President.”
Fishback, the CEO of Azoria Partners investment firm, is now in touch with the Trump administration over his proposal, Reuters reports. Read More Here