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The Latest Breaking News from Joe Biden

OMB: Deficits, growth lower in the near term, inflation up

WASHINGTON — The White House’s annual update to its most recent budget forecasts shows a brighter near-term picture for federal finances but a gloomier outlook for inflation and economic growth.

Tribune News Service

Biden is canceling $10,000 in student loan debt. Advocates urge him to cancel it all

Millions of Americans could see dramatic relief as payments resume in 2023 following pandemic freeze, Alex Woodward reports

The Independent UK

What's at stake with Biden's looming student loan announcement

Biden is reportedly zeroing in on providing $10,000 of debt relief per borrower.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

US, Iran inch closer to nuke deal but high hurdles remain

The Biden administration is expected to weigh in this week on Iran’s latest offer to resume its compliance with the 2015 Iran nuclear deal, but neither side is offering a definitive path to revive the agreement, which has been on life-support since former President Donald Trump withdrew from it in…

The Independent UK

Biden administration forecasts $1.03T deficit, down $400B

The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic

The Independent UK

Florida Gov. DeSantis’ plan to bus migrants to Delaware on standby as Texas takes ‘pressure off’

TALLAHASSEE, Fla. — Gov. Ron DeSantis has talked about busing undocumented immigrants out of the state for the better part of the year, and his administration has $12 million to roll out a program that could do just that.

Tribune News Service

Biden Reportedly Set To Forgive $10K Student Debt for Americans Earning Over Six Figures

Unsurprisingly, wealthier Americans will be the prime beneficiaries of the White House's soon-to-be-announced student loan forgiveness scheme.

Reason

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IRS launches security review following GOP conspiracy theories about armed agents targeting Americans

Experts say that Republican claims about the service have put its agents in danger

The Independent UK

Babylon Bee Won't Back Down Over Trans Joke Twitter Ban

Kyle Mann, the Christian satire site's editor, also talks Biden vs. Trump, and why he saves his deepest burns for mega-pastors like Joel Osteen.

Reason

Rick Scott vacations in Italy amid Senate GOP's bleak midterm outlook

Scott is the chairman of the National Republican Senatorial Committee, whose job is to win back a GOP majority.

Axios

Biden's Inflation Reduction Act Seen Cutting Up To $1.9 Trillion In Climate-Related Economic Damage, Latest Analysis Finds

The White House Office of Management and Budget (OMB) on Tuesday released its first published analysis of avoided climate-related social costs resulting from a piece of legislation.

Benzinga

Three US states hold primaries ahead of crucial November midterms

Contests in New York, Florida and Oklahoma feature ideological showdowns and early previews of general elections.

Al Jazeera

Joe Biden’s personal White House aide Stephen Goepfert departing for new role

‘From the campaign to the White House, Stephen Goepfert has been by my side,’ Biden says

The Independent UK

Trump lawyer never claimed ex-president declassified documents in correspondence with Biden administration

Documents seized from Trump’s home included materials at ‘the highest levels of classification’

The Independent UK

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news in one place.

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Tribune News Service

US gasoline prices have fallen every day since mid-June

Gasoline prices are on the biggest streak of declines since 2015, a relief for both consumers and President Joe Biden who has made fighting inflation a central theme ahead of November midterm elections.

The Independent UK

Why Stephen King turned on his own publisher in a battle over the future of the book industry

Josh Marcus looks into why the horror king—and the Biden administration—are trying to stop the big-money merger between Penguin Random House and Simon & Schuster

Roll Call

OMB: Deficits, growth lower in the near term, inflation up - Roll Call

The White House issued a brighter near-term picture for federal finances but a gloomier outlook for inflation and economic growth.

The Independent UK

World struggles to get Iran and US to return to nuclear deal both say they want

Both Tehran and Washington scrambling to present any return to the JCPOA as a win

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Salon

Trump's release of NARA letter backfires

Trump's team thought the letter would help their case. Legal experts say it did the opposite

McClatchy Washington Bureau

After split between McConnell and Paul, Kentucky judicial post at ‘a stalemate’

WASHINGTON — The collapse of the planned nomination of Chad Meredith to become a federal judge in eastern Kentucky likely means the court will remain in its current form for months as the White House looks to steer clear of further political headaches with the midterm elections approaching.

Los Angeles Times

Voters dissatisfied about direction of California but still back Newsom, poll shows

SACRAMENTO, Calif. — Nearly a year after crushing a Republican-led recall attempt, Gov. Gavin Newsom leads his GOP challenger by more than 2 to 1 in the 2022 governor's race, even though a majority of voters express dissatisfaction about where California is headed, a new poll shows.

Los Angeles Times

Cha-ching! After a pandemic pause, California is again in the thick of campaign money chase

Florida Gov. Ron DeSantis has accused Gov. Gavin Newsom of treating California residents like "peasants." He has claimed California's policies on crime, homelessness and the pandemic have prompted residents to flee. He's crowed about California's population loss.

Al Jazeera

Analysis: Are the US and Iran about to restore the nuclear deal?

Observers are waiting on the US’s reply to the EU’s latest proposal, with Iran submitting a ‘reasonable’ response.

The Independent UK

Brittney Griner: Why was the basketball star was detained in Russia?

Basketball icon has been detained in Moscow for five months and counting

Tribune News Service

If factories don't return to US now, they never will

The Chips and Science Act that President Biden signed earlier this month is just the latest indication that the planets are aligning for a return of manufacturing to the U.S. Proponents have pushed for so-called reshoring for years, but it has never quite panned out. With the supply chain crisis…

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