All posts tagged "Debt"

WASHINGTON — Senate Republican leaders are rushing to pass President Donald Trump’s One Big Beautiful Bill Act before their July Fourth recess, but rank-and-file Republicans from both sides of the party are tapping the brakes on the effort.

While conservative hardliners continue calling for steeper spending cuts, Sen. Josh Hawley (R-MO), a far-right conservative himself, has become one of the loudest voices of opposition to proposed changes to how states pay for Medicaid.

“I don't get it. I don't get why we would punish working people and rural hospitals, and I don't know. I don't understand. It's broken,” Hawley told Raw Story about his party's fixation on slashing care relied on by millions. “I think it's bizarre.”...

WASHINGTON — President Donald Trump and House Speaker Mike Johnson need to back off — or so argue many Senate Republicans set on overhauling the House-passed One Big Beautiful Bill Act, which would turn much of Trump's campaign rhetoric into law.

After the measure squeaked out of the House by a single vote ahead of the Memorial Day recess, GOP leaders and the president are pressuring Senate Republicans to pass the bill, complete with tax and spending cuts, by July 4.

“Do you think the current timeline is unrealistic?” Raw Story asked Sen. Ron Johnson (R-WI) at the Capitol. ...

The finances of Republican nominee former President Donald Trump include gallons of red ink — particularly with the addition of recent legal judgments, according to a new presidential financial disclosure released Thursday.

Trump reported debts between $346 million and $455 million throughout 2023, from a legal judgments and property mortgages.

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Karoline Leavitt, Donald Trump’s presidential campaign press secretary and an outspoken fiscal hawk, has more than $100,000 in debt from her failed 2022 run for Congress, according to Raw Story’s review of Federal Election Commission records.

The filing by Karoline for Congress earlier this week shows the committee saddled with $105,605 in debt against $12,816 cash on hand as of June 30.

Leavitt ran for Congress at age 25 — the Constitutional minimum for members of the U.S. House of Representatives — and lost by 8 percentage points to Democrat Chris Pappas in New Hampshire’s 1st District....

During the 2024 presidential campaign, Mike Pence preached from the gospel of fiscal responsibility and proposed a Constitutional amendment to limit federal spending.

“Federal spending growth is out of control and shows no signs of slowing down,” Pence's campaign website said. “Our runaway spending spree is driving inflation, making us dependent on our adversaries, and threatening our national security. It is time for a Constitutional Amendment to tie the hands of profligate politicians in Washington once and for all.”

But is Pence himself poised to join an all-star team of former presidential candidates who’ve stiffed their campaign consultants and vendors?...

Trump may need a bailout bigly.

While former President Donald Trump is on the clock to file appeals in his losses in court, he's likely seeking a white knight to help him float the damages, particularly the whopping $550 million in penalties and interest tallied up from last week's ruling by a New York judge in his civil fraud case.

If the 45th president can't pay the entire amount out of pocket, he will seek to post an appeal bond that is typically 120% of the judgment plus the current interest....