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The 50-to-49 vote early Saturday sets up contentious and potentially fruitless negotiations with the Republican-dominated House to reconcile two vastly different visions for dealing with Americas economic and budgetary problems.

The eight elite private colleges of the Ivy League are slated to receive millions in taxpayer-funded coronavirus stimulus money despite controlling endowments with a combined value in 2019 of over $140 billion.

Five Ivy League schools posted operational surpluses of over $200 million in 2019, according to their financial statements from that year. Secretary of Education Betsy DeVos said

As Russia's invasion of Ukraine continues, so do questions about how the U.S. and other world powers may get involved. The U.S. has been hesitant to offer Ukraine direct military support over fear of provoking an armed conflict with Russia. A plan for the U.S. and Poland to help provide more fighter jets to Ukraine's air force fell through, and Ukrainian President Volodymyr Zelenskyy

The political and economic ramifications are too big for Washington to let the large tax increases and spending cuts take effect. But this doesn't necessarily mean lawmakers will craft a decisive solution to the nation's fiscal woes.