Freedom Caucus Chairman Good Takes Shot at Speaker Johnson: ‘Don’t Assume You Have Our Votes’

House Freedom Caucus Chairman Bob Good is sending a warning to Speaker Mike Johnson on spending bills.

“Don’t assume you have our votes for the things that don’t matter, when you don’t want ‘em for things that do matter,” the Virginia Republican said on Friday, according to The Hill.

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Steve Bannon, Former GOP Candidate Call on Republicans to ‘Stay in DC and Get Things Done’

Former Ohio gubernatorial candidate and U.S. Representative Jim Renacci has echoed WarRoom host Steve Bannon’s call on Republican lawmakers in Congress to “stop going home” and instead pass a budget instead of another continuing resolution.

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House Freedom Caucus Calls Speaker Johnson’s Proposed Spending Deal with Schumer ‘Total Failure’

The conservative House Freedom Caucus slammed House Speaker Mike Johnson’s proposed top-line spending deal with Senate Democrats as a “total failure,” arguing the potential agreement costs about $68 billion more than the Louisiana Republican said it would.

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Congress Preaches Spending Cuts While Allowing Its Own Budget to Explode by 38 Percent Since 2014

While many lawmakers have preached for years the need for federal spending cuts, the amount of taxpayer money that Congress spends on its own operations has swelled 38% since FY2014 from $4.3 billion to $6.9 billion this year, according to a Just the News review of Congressional Research Service (CRS) reports on annual federal budgets. 

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Matt Gaetz Spars with Maria Bartiromo over Biden Probes, Looming Government Shutdown

Florida Republican Rep. Matt Gaetz sparred with Fox News host Maria Bartiromo on Sunday over the impeachment probe of President Joe Biden and the potential government shutdown. Bartiromo said in her opening monologue on “Sunday Morning Futures” that Gaetz was disrupting “the Republican wins” by standing against stopgap funding measures. 

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House Conservatives Say Any Spending Bill Must Address Border Security, DOJ Weaponization

The House Freedom Caucus, a group of conservative lawmakers in the House, outlined Monday what conditions would need to be met for them to vote for a new spending bill.

The group is calling for spending bills to include provisions on border security, the “unprecedented weaponization” of the Justice Department and FBI, and the Pentagon’s “cancerous woke polices.” The lawmakers also oppose “any blank check for Ukraine in any supplemental appropriations bill.”

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Commentary: A Heated Argument in the House Portends Good Results for the Budget

“Don’t raise your voice, improve your argument.” Bishop Desmond Tutu in South Africa, 2004.

I must’ve used this quote a thousand times (primarily mitigating fights between contentious children of different ages) without even realizing its origin. I’ve often wondered why emotion-driven youths (and big people, too) simply amp up the volume when intellectually dueling with others rather than maintaining the discussion at an even keel and perhaps lulling their opponents into listening to what they’re saying – or screaming even louder.

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Commentary: Any Debt ‘Default’ Will Be Biden’s Choice

There’s enough revenue to pay interest on the debt even if the $31.4 trillion debt ceiling is reached.

Meaning, if the U.S. defaults on the debt on June 1, it will be because President Joe Biden chose not to make principal and interest payments on U.S. Treasuries out of existing revenue, for which there is more than ample revenues to service and refinance up to the current debt ceiling limit, $31.4 trillion.

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Commentary: The ‘Limit, Save, Grow’ Plan’s Discretionary Spending Caps that Save More than $3 Trillion Might Not Be Enough

House Speaker Kevin McCarthy (R-Calif.) and the House Republican majority have unveiled their spending plan for the next decade, the Limit, Save, Grow Act, that will be tied to a $1.5 trillion increase in the $31.4 trillion national debt ceiling, the centerpiece of which imposes discretionary budget caps beginning in 2024, but which will be set at 2022 levels, which could save more than $3.2 trillion over the next decade, according to an estimate by the Committee for a Responsible Federal Budget.

While an official score still has not come in from the Congressional Budget Office, the proposal stands out as a promise kept on McCarthy’s part to use the must-pass debt ceiling to restore some semblance of fiscal sanity to the out-of-control federal budget and national debt, the latter of which the White House Office of Management and Budget projects will rise to a gargantuan $50.7 trillion by 2033.

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‘That’s a Lie’: GOP Senator Presses Janet Yellen on Plan to Pay for Social Security

Republican Sen. Bill Cassidy of Louisiana accused the Biden administration of lying about its commitment to working with Congress to protect seniors’ social security benefits at a hearing of the Senate Finance Committee Thursday.

Cassidy asked Treasury Secretary Janet Yellen, who was testifying about President Joe Biden’s proposed budget for the fiscal year 2024, if the president was aware that “when [Social Security] goes broke in nine years” there would be a 24% cut in benefits for current recipients.

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Commentary: Despite ‘Strong’ Rhetoric, Biden Administration Signals Gloomy Economic Outlook

The White House Office of Management and Budget (OMB) in the now-released President’s Budget is projecting just 0.6 percent in inflation-adjusted real growth of the U.S. economy in 2023 as the unemployment rate is expected to rise to 4.3 percent in 2023 and peak at 4.6 percent in 2024 after the economy is finished overheating from the continued, elevated inflation, consumers max out on credit and spending falls off a cliff.

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Fiscal Hawks Warn Biden: No Debt Ceiling Deal Without Fiscal Reforms

The fiscal hawks are sticking to their guns. On Friday, Sens. Ron Johnson (R-WI) and J.D. Vance (R-OH) joined 22 of their fellow Republican senators in a letter warning President Joe Biden that they will not vote for increasing the debt ceiling without structural reforms to the federal government’s budget and debt problems.

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House Speaker Fight Foreshadows Larger Debt Ceiling Battle on the Horizon for Republicans

The gridlock that paralyzed House Republicans over the past week in their quest to elect a new Speaker could be a foretaste of more to come, with party moderates and conservatives set to tangle in the months to come over raising the debt ceiling and reining in reckless government spending.

Although newly elected Speaker of the House Kevin McCarthy ultimately prevailed in his bid for the office over a small but determined band of House Freedom Caucus members, his slim GOP majority in the House will be vulnerable if and when conservatives rebel again down the road, as some are predicting, in an effort to reassert debt reduction as a top priority for the party.

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Republican Leadership Pledges to ‘Repeal’ IRS Auditor Expansion if GOP Wins Majority

Kevin McCarthy

President Joe Biden sparked controversy for pushing through Congress increased federal funding for 87,000 new IRS employees to audit Americans, but Republican leadership has pledged to overturn that expansion if they win the majority.

House Republican Minority Leader Kevin McCarthy, R-Calif., pledged at a Pennsylvania event to “repeal” the IRS expansion.

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Commentary: The Fed’s Interest Rate Hikes Have only Destroyed $398 Billion of the $6 Trillion It Printed

“Our expectation has been we would begin to see inflation come down, largely because of supply side healing.  We haven’t. We have seen some supply side healing but inflation has not really come down.”

That was Federal Reserve Chairman Jerome Powell on Sept. 21, speaking to reporters following the central bank’s meeting where the Federal Funds Rate was once again increased 0.75 percent to its current range of 3 percent to 3.25 percent in a bid to combat sticky 8.3 percent consumer inflation the past year.

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Yellen to Testify on Biden Budget After Admitting She Was Wrong on Inflation

U.S. Treasury Secretary Janet Yellen will testify before the Senate Finance Committee Tuesday, just days after she admitted she was wrong about inflation earlier in President Joe Biden’s term.

The hearing, which is on “the president’s fiscal year 2023 budget” will only feature testimony from Yellen, according to the committee’s website.

Biden’s budget likely will be under extra scrutiny as gas prices continue to hit record highs and inflation rises at the fastest level in decades.

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Commentary: Biden’s Budget of Taxes, Taxes and More Taxes

Inflation is running rampant, federal spending is out of control, gas prices are at an all-time high and Americans are pessimistic on the future outlook of the economy. So what is President Joe Biden’s solution?

He has released a budget proposal that includes 36 tax increases on families and businesses totaling $2.5 trillion over the next decade. Alarmingly, this includes 11 tax increases on the oil and gas industry, taxes that will put a burden on households.

The budget doesn’t even include all the tax increases being pushed by Democrats because the budget omits the cost of tax increases within their stalled multi-trillion dollar Build Back Better Act. Instead of detailing these tax increases, the Biden budget includes a placeholder asserting that any new spending will be fully offset.

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White House Says Reconciliation Bill Will Spend More on Climate Than Entire Energy Department

The Democrats’ reconciliation package will likely include more than $500 billion worth of climate provisions, more than the entire Department of Energy budget, the White House said, according to The Hill.

The budget represents an opportunity for “historic investment in climate change,” White House Chief of Staff Ron Klain said during an event hosted by The Hill on Tuesday evening. The likely price tag for climate programs included in the bill is likely to fall somewhere between $500 billion and $555 billion, Axios previously reported.

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Commentary: Biden’s Desperate Race to the Lying Bottom

On Monday, Joe Biden uncorked the largest lie of a 50-year political career overstuffed with them.

“My Build Back Better Agenda costs zero dollars,” he tweeted. “Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America. And it adds zero dollars to the national debt.”

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Manchin Reportedly Calls on Democrats to Push Budget Back to 2022

Joe Manchin

Democratic West Virginia Sen. Joe Manchin reportedly said in private that the “strategic pause” he has pushed for regarding his party’s budget should last through the end of the year.

Manchin’s remarks, first reported by Axios, would mean a sharp departure from Democrats’ long-stated goals, which include passing both the budget and the bipartisan infrastructure bills before the end of September.

His remarks align both with a Wall Street Journal op-ed he wrote earlier this month and recent comments he made calling for a “pause” on the budget as Congress addressed other priorities ranging from a messy Afghanistan withdrawal to multiple natural disasters.

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Democrats Plan to Hike Taxes to Pay for Their $3.5 Trillion Budget

House Democrats will consider nearly $3 trillion in tax hikes over the next decade in an attempt to pay for their $3.5 trillion budget that includes most of President Joe Biden’s domestic agenda and would overhaul the nation’s social safety net.

The hikes are predominantly focused on wealthy Americans and large corporations. Among the increases is a top income tax bracket of 39.6%, up from 37%, which Democrats say would raise $170 billion in revenue over the next decade.

A summary of the proposals leaked Sunday, and was first reported by The Washington Post.

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Democrats’ $3.5 Trillion Spending Package in Jeopardy, with Pelosi Appearing Short on Votes

Nancy Pelosi

Washington Democrats’ efforts to pass their signature, $3.5 trillion spending package is in jeopardy of falling apart, as House Speaker Nancy Pelosi, leader of the Democrat-controlled chamber, does not appear to have the votes this week to advance the measure awaiting in the Senate.

The votes are set to be cast Monday and Tuesday, with House members returning for two days during their August recess to try to move forward the pending package.

Pelosi can afford to lose only three votes in the narrowly divided chamber. However, nine moderate Democrats have vowed to oppose the two voting measures until the House passes a roughly $1 trillion, bipartisan infrastructure spend package passed in the Senate before the recess.

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Analysis: Republican Officials Leave Their Voters Behind over Not Supporting Monthly Child Tax Credits

As tens of millions of American families across the country began to see the second round of monthly cash payments appear in their bank accounts Friday, Republicans in Congress remained oddly quiet.

The checks were the result of an expansion of the Child Tax Credit (CTC), which was part of the $1.9 trillion coronavirus relief package President Joe Biden signed into law in March. While every Republican in Congress voted against the bill, the credit itself is overwhelmingly popular among registered Republicans and Americans overall, creating a rift between reliable conservative voters and the GOP lawmakers who represent them.

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Commentary: Inflation Hits 5.3 Percent in July as $1.2 Trillion Infrastructure Bill Easily Passes with $3.5 Trillion Stimulus Expected in September

The unadjusted consumer price index as measured by the Bureau of Labor Statistics was 5.28 percent for the month of July, slightly lower than June at 5.32 percent, but still measuring the highest inflation on record since July 2008, when it hit nearly 5.5 percent.

The latest numbers come as Congress has easily passed another gargantuan $1.2 trillion infrastructure spending plan that included $550 billion of new spending. Interest rates have already reacted as 10-year treasuries came off a near-term low of 1.17 percent on Aug. 2 to 1.36 percent as of Aug. 12, slightly increasing inflation expectations.

The $1.2 trillion spendathon was just the latest in a long line of spending that has added $5.25 trillion to the national debt since Jan. 2020 in response to the Covid pandemic all the way to the current $28.5 trillion: the $2.2 trillion CARES Act and the $900 billion phase four under former President Donald Trump, and then the $1.9 trillion stimulus under President Joe Biden. It’s been a bipartisan affair.

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Senate Democrats Publicly Release $3.5 Trillion Filibuster-Proof Budget Reconciliation Resolution

Senate Democrats have publicly released their $3.5 trillion, filibuster-proof budget reconciliation resolution.

The draft of the legislation released on Monday includes new spending programs that the White House has labeled “human infrastructure,” such as universal pre-K, childcare support and tuition free community college.

The spending total is estimated over a 10-year period. Using budget reconciliation allows the Democrats to pass the measure without votes from Republicans in the 50-50 Senate. Democrats used the same process in March to pass President Biden’s $1.9 trillion pandemic stimulus package called the American Rescue Plan Act.

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The Congressional Budget Office Says the Bipartisan Infrastructure Bill Will Increase Deficits by $256 Billion over 10 Years

The Congressional Budget Office estimated Thursday that the bipartisan Senate infrastructure bill will add $256 billion to the deficit over the next decade, undercutting its backers’ claims the spending had been offset.

In FY2020, the deficit hit a record $3.1 trillion. So far in FY2021, the deficit is $2.2 trillion. The national debt is climbing to $29 trillion for the first time in U.S. history.

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Senate Democrats Attempt to Add Funding for Dreamers, Border Security to Budget Bill

Senate Democrats are attempting to add funding for “Dreamers” and border security to their budget bill, Axios reported Friday.

The Democrats are looking at adding $10 billion to their $3.5 trillion budget reconciliation package towards border security infrastructure at legal points of entry, according to Axios. The Democrats previously planned to allocate around $120 billion for citizenship for undocumented essential workers, immigrants with Temporary Protected Status and Dreamers.

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Republicans Release Plan to Address Growing Inflation Under Biden Administration

High gas prices

Congressional Republicans grabbed headlines this week after releasing an aggressive budget they say would cut taxes and spending, but key measures in the plan also would address one of the country’s most serious economic problems.

The House’s Republican Study Committee released a budget that lays out several measures to deal with inflation, a growing concern among economists after the latest federal data showed a spike in consumer prices. Notably, the index for used cars and trucks rose 10%, the largest one-month increase since BLS began recording the data in 1953. Food and energy costs rose 0.9% in the month of April, prescription drugs rose 0.5%, and gasoline rose 1.4% during the same month. The energy cost index rose 25% in the previous 12 months.

Republicans on the committee say their plan would address concerns over inflation by balancing the budget within five years, thereby eliminating the need to monetize debt, a process where the federal government prints money to make payments on what it owes. The national debt has soared to more than $28 trillion and is expected to continue climbing under President Joe Biden’s new spending plans.

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Commentary: Price Stability, not Inflation, Will Get the U.S. Economy Back to Full Employment Sooner Rather than Later

2020 and 2021 are two sides of the same coin: Price instability brought about by the dollar being either relatively too strong or too weak, which can lead to or exacerbate economic slowdowns, creating higher unemployment and worse if the conditions persist for too long.

In 2020, at the height of the Covid pandemic, the problems included the global economy being shut down plus local lockdowns resulting in a massive recession and a flight to safety into U.S. treasuries as interest rates collapsed, making the dollar too strong. With the onset of deflation, consumer prices plummeted in March and April 2020, with oil even dropping briefly below zero dollars for the first time in history, and a concurrent rise of unemployment as 25 million Americans lost their jobs.

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DeWine Signs $8.3B, Two-Year Ohio Transportation Budget

Highway with cars

Ohio Gov. Mike DeWine praised the $8.3 billion state transportation budget he signed into law despite it missing the increased vehicle fees and massive cuts for public transportation he proposed.

The two-year budget, House Bill 74, provides money for road and bridge construction and maintenance, as well as other transportation priorities established by the committees in the House and Senate, along with DeWine.

“The budget ensures that we can continue to maintain and invest in Ohio’s roadways,” DeWine said Wednesday. “Ohio’s transportation system continues to be a critical part of our economy, moving materials and people safely across our state. This budget advances our commitment to invest in state and locally-maintained roadways.”

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Ohio Legislature Passes Transportation Budget with Additional Allocations

The Ohio Senate approved more than $8 billion it hopes will spur both economic development and job growth while tackling the state’s transportation needs over the next two years.

The state’s proposed transportation budget passed the Senate unanimously Thursday with some adjustments made by the Senate, including additional money for public transportation, local road projects and emergency road repair. It also requires the Ohio Department of Transportation to reopen currently decommissioned weigh stations to serve as overnight parking areas for commercial truckers.

“This transportation budget makes critical investments in Ohio’s communities and local infrastructure,” said Senate President Matt Huffman, R-Lima. “I am confident House Bill 74 will improve roads and infrastructure that Ohioans use every day and will enhance Ohio’s economy and promote job growth.”

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Ohio Governor Orders Millions More in Cuts to State Agencies

Saying immediate actions are necessary to keep the state’s budget balanced, Ohio Gov. Mike DeWine ordered hundreds of millions of dollars in cuts to state agencies.

“In the springtime, the impact of the COVID-19 pandemic on the global economy, and Ohio’s revenue, was dire. With this, reductions were made to the state biennial budget,” DeWine said. “With this executive order, we are finalizing current year budget reductions at $390 million across all agencies, which is less than the cuts implemented last year.”

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New House Rules Carve-Out for ‘Climate Change’ Bills Exempted from Requiring Projected Price Tag

House Democrats blocked a Republican attempt on Monday to require any proposed climate change legislation to also include its projected cost.

Under the Pay As You Go (PAYGO) rule, any additional government spending proposed must be accompanied by tax increases or separate cuts. After a push from several lawmakers in the Democratic Party’s progressive wing, however, the rules package for the 117th Congress states PAYGO will not apply to legislation relating to the necessary economic recovery or U.S. efforts to combat climate change.

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Ohio Ends 2020 Fiscal Year with General Tax Revenue Down $1.1 Billion

Ohio concluded the 2020 fiscal year with General Revenue Fund tax revenues of $1.1 billion, or 4.6 percent, below estimates, a clear indication of the impact the COVID-19 restrictions have had on the state.

Tax revenues in June were $50.5 million, or 2.2 percent, below estimate. However, state officials noted that revenues were better than a month earlier when they were 13 percent below expectations.

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Armstrong Williams Commentary: It’s Time to Talk About Recession

Is America in a recession? It’s an unpopular question to ask, but it has now been over 3 months since COVID-19 restrictions were initiated and it is time for us to get realistic about where we are economically so that we can take the proper steps to minimize further damage to our economy. At this point, the unfortunate reality is that regardless of what we do, it is likely that it will take at least several years to see a partial recovery of economic loss and the time that it will take for a complete recovery remains unknown at this point. 

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State Board of Education Gets Budget Update from Superintendent with No Mention of Planned Parenthood Being a ‘Community Partner’

Upon their return from break, State Board of Education Members received a report from Superintendent Paolo DeMaria about the changes made in Ohio’s budget. DeMaria said he was going to, “Put a ribbon around it and also dig into a couple of key areas.”

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Analysis: State Spending in Ohio Rises 6 Times Faster than Population Growth Over Past 30 Years

Among the U.S. states, Ohio is the sixth-most populated with more than 11.6 million people, many of them located in major population centers like Cleveland, Cincinnati and Columbus. But the rate of population growth in the Buckeye State has been largely stagnant for decades, lagging far behind that seen by the nation as a whole.

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Planned Parenthood Targets Crisis Pregnancy Centers After They Receive $7 Million Boost in Ohio Budget

  Crisis pregnancy centers in Ohio are set to receive $7.5 million in funding over the next two fiscal years under Ohio’s new state budget, and Planned Parenthood isn’t pleased. During Wednesday’s House floor debate on the budget, Planned Parenthood Advocates of Ohio sent out a number of tweets attacking…

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While the Budget Remains Unfinished, DeWine and Some Legislators Go Fishing

  Gov. Mike DeWine and some legislators had fun celebrating the 40th Fish Ohio Day on Lake Erie last week. It was a grand celebration of fishing just before the Independence Day holiday, but there was business left unfinished in Columbus. Legislators walked out of the Statehouse on Sunday evening,…

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Governor Mike DeWine Signs Interim Spending Plan, Gives Ohio Lawmakers 17 Days to Agree on a Budget

by Todd DeFeo   Ohio Gov. Mike DeWine signed an interim operating budget that funds the state government for 17 days, giving lawmakers additional time to debate a two-year spending plan. DeWine signed both Senate Bill 171, the interim state budget, and Senate Bill 172, a one-month funding extension for…

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Ohio’s Future Foundation Pushes Pro-Business Policies to Help All Residents Prosper

  YOUNGSTOWN, Ohio – Former Congressman Jim Renacci and Ohio’s Future Foundation (OHFF) were hosted by the Mahoning County Republican Party Tuesday evening.  The GOP group held a social for OHFF in their meeting room in Youngstown. Rick Barron, the Mahoning County Leader, announced that, ‘Tom (Weyand – OHFF’s Outreach…

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