House Republicans passed their "big, beautiful" reconciliation bill early Thursday morning, sending to the Senate a filibuster-proof package.

WASHINGTON (Reuters) -The House budget bill that narrowly passed in an early morning vote on Thursday would effectively put the brakes on a clean energy production boom in the United States spurred by tax credits enacted in 2022.

The LA City Council approved a revised budget to close its deficit, which also reduced layoffs from roughly 1,600 to about 600.

The council provided the funds to recruit 240 police officers next year, down from the 480 proposed by the mayor. Bass' hiring plan for the fire department was also scaled back.

Work requirements for Medicaid recipients, food assistance cuts and other measures in the budget passed by the U.S.

Gov. Gavin Newsom’s revised state budget assumes California will see a sharp decline in projected revenue, largely because President Donald Trump’s tariffs will slow the nation’s economy.

The revised budget reduces proposed layoffs from 1,647 to 600, restores key civilian LAPD positions, and scales back funding for police and fire departments.

It’s not yet clear how many layoffs will be necessary or how Denver city services will be affected, but deep cuts are unavoidable, Mayor Mike Johnston said.

The Baltimore County Council passed a $4.78 billion fiscal 2026 budget Thursday that aims to prepare the county for future fiscal challenges at the state and federal levels. The council voted unanimously to adopt County Executive Kathy Klausmeier’s budget with only one amendment — a $6.

Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers.

Ray Dalio said Republicans and Democrats agree that the budget deficit needs to be addressed, but their political squabbling prevents a solution. Any bipartisan effort to reduce the budget wouldn’t happen until after the 2026 midterms,