BUENOS AIRES, Argentina (AP) — President Javier Milei on Friday announced that he would lift most of the country’s strict capital and currency controls next week, a high-stakes gamble made possible by a new loan from the International Monetary Fund. It marked a major step forward in the libertarian’s program to normalize Argentina’s economy after decades of unbridled spending.
carries Trump’s title, the “,” as well as his campaign promises to extend the tax breaks approved during his first term while adding new ones, including
, automobile loan interest and Social Security. There’s also a higher standard deduction, of $32,000 for joint filers, and a bigger child tax credit.The Committee for a Responsible Federal Budget, a nonpartisan fiscal watchdog group, estimates that the House billto add roughly $3.3 trillion to the debt over the next decade.
President Donald Trump, right, is joined by Speaker of the House Mike Johnson, R-La., as he arrives for a meeting with the House Republican Conference at the Capitol, Tuesday, May 20, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)President Donald Trump, right, is joined by Speaker of the House Mike Johnson, R-La., as he arrives for a meeting with the House Republican Conference at the Capitol, Tuesday, May 20, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
Republicans criticizing the measure argued that the bill’s new spending and tax cuts are front-loaded, while the measures to offset the cost are back-loaded.
In particular, the conservative Republicans are looking to speed up the new work requirements that Republicans want to enact for able-bodied participants in Medicaid. They had been proposed to start Jan. 1, 2029, but GOP Majority Leader Steve Scalise said on CNBC that work requirements for some Medicaid beneficiaries would begin in early 2027.NEW YORK (AP) — HBO is returning — at least in a name.
Warner Bros. Discovery said Wednesday that it was rebranding its streaming service as HBO Max this summer, instead of the current Max.The Max name dated to Warner’s
and was considered a curious choice when made in 2023. HBO is widely considered a gold standard for quality while Max was a reference to the less well-regarded Cinemax network.Two years later, the company is reviving the HBO Max name, which was used by Warner before the merger. While the company didn’t acknowledge a mistake, the move was loudly applauded Wednesday when announced at a presentation to advertisers.