The spending budget for the federal government’s fiscal 2023 includes an increase in funding for the Department of Transportation that is higher than the level requested by the White House.
Debate on a multibillion-dollar budget bill targeting supply chain connectivity concerns, clean energy initiatives and economic incentives remains front-and-center on Capitol Hill.
The leadership of federal agencies will visit Capitol Hill over the next few weeks to defend their slice of the White House’s far-reaching budget plan.
President Joe Biden’s budget release on March 28 is shaping up as a direct appeal to moderate Democrats, emphasizing deficit reduction and flexibility on social spending as the White House hopes to win support for new legislation before November’s midterm elections.
Senate Democrats are abandoning efforts to pass President Joe Biden’s $2 trillion economic agenda this year, delivering a political blow to the White House, which has failed to rally the fractious party around its signature legislation.
House Democrats released a bipartisan short-term spending bill to keep the government open after midnight Dec. 3 and plan to put it to a House vote later Dec. 2.
The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.
WASHINGTON — Scaling down his Build Back Better plans, President Joe Biden on Oct. 19 described a more limited vision to Democratic lawmakers of a $2 trillion government-overhaul package with at least $500 billion to tackle climate change and money for middle-class priorities — child tax credits, paid family leave, health care and free pre-kindergarten.October 19, 2021
WASHINGTON — Pressure mounting, President Joe Biden and Democrats in Congress strained Sept. 28 to trim back his $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes.
WASHINGTON — President Joe Biden said Sept. 24 that talks over his $3.5 trillion rebuilding plan have hit a “stalemate” in Congress as he made the case for his expansive effort to recast the nation’s tax and spending programs and make what he sees as sweeping, overdue investments.