Trump administration unveils Fannie, Freddie overhaul, urges Congress to act

The U.S. Treasury on Thursday said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae and Freddie Mac, while calling on Congress to pen a comprehensive housing reform that would allow them to be safely freed from government control.

Deficits to exceed $12 trillion through 2029: CBO

The federal government will rack up $12.2 trillion in deficits through 2029, according to a new projection from the nonpartisan Congressional Budget Office (CBO), an $809 billion increase from its last projection in May.

Trump explores executive action on guns

President Donald Trump is exploring ways to use regulatory power and executive action to curb gun violence after a pair of deadly shootings over the weekend — a move driven by his aides’ belief that Congress is incapable of coalescing around consensus legislation in a heated 2020 election cycle.

Trump promises action on gun violence after two mass shootings

President Trump said Sunday he will announce steps to stop gun violence, as top Democrats raced to blame him for fomenting two mass shootings this weekend in Texas and Ohio with a toxic stew of violence and white nationalism, and pressed him for quick action on gun control.

Senate bows to Trump vetoes, allows Saudi arms sales

The Senate failed Monday in a bid to override a trio of vetoes issued by President Donald Trump, allowing the administration to move forward with plans to sell billions of dollars of weapons to Saudi Arabia and the United Arab Emirates.

Trump sues to block New York from revealing his tax returns

President Trump asked a federal court Tuesday to take steps to block New York from sharing his tax returns with congressional Democrats, saying a new state law designed to make the information available to Capitol Hill is unconstitutional.

Deal Sealed on Federal Budget, Ensuring No Shutdown, Default

President Donald Trump and congressional leaders announced late Monday they had struck a critical debt and budget agreement. The deal amounts to an against-the-odds victory for Washington pragmatists seeking to avoid politically dangerous tumult over the possibility of a government shutdown or first-ever federal default.

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