Former Sen. Breaux leads new push against Biden tax plan
The group says it has already spent $1 million on the ad campaign and will continue buying air time as the year goes on.
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Post-mortems begin on Silicon Valley Bank failure
Barr will review the supervision and regulation of SVB and the Fed will release his report by May 1.
White House blueprint would raise taxes, boost spending
The plan calls for imposing a 25 percent minimum tax on the wealthiest 0.01 percent of households, quadrupling a 1 percent surcharge on corporate stock buybacks, restoring the top marginal income tax rate
Debt limit clouds outlook as Biden budget set to hit Thursday
"You could basically hear people be like, ’Wow, so the average is about … $1 trillion a year, just interest on our debt,’" he said. House Budget ranking member Brendan F.
Congress · 118th Congress
CBO: Debt limit to hit as soon as July, budget picture worsens
That compares to already slowing growth in 2022, when the economy expanded by an inflation-adjusted 1 percent, down sharply from the previous year coming out of the pandemic-induced downturn.
Policy · 118th Congress
Little-noticed US funding for China tech sector now draws scrutiny
Corrected 1:18 p.m. | Even as Washington takes a hard line on keeping U.S. technology and data beyond China’s reach, the federal government has thus far been slow to close another channel of technology
White House · 118th Congress
Biden may call out airlines, tout infrastructure funding at SOTU
At a House Transportation and Infrastructure Committee hearing on Feb. 1, industry leaders welcomed Republicans’ oversight agenda while GOP lawmakers continued to criticize the administration for
Congress · 118th Congress
McCarthy, House Republicans reframe debt limit strategy
Dodaro, U.S. comptroller general, estimated during a House Oversight and Accountability Committee hearing Feb. 1. Niels Lesniewski, Aidan Quigley, David Lerman and Paul M.
Congress · 118th Congress
Thomas Massie will wear his ticking debt clock to the State of the Union
“A 1 percent cut is an incentive for both Republicans and Democrats to come to the table,” Massie said.
Policy · 118th Congress
McCarthy, Biden to meet in hopes of avoiding debt limit debacle
President Barack Obama met with House Republicans on June 1 to discuss the budget and debt limit, and he played golf with Boehner later in the month.
White House · 118th Congress
White House budget set for early March delivery
And the $1.7 trillion fiscal 2023 omnibus spending package didn’t clear until Dec. 23, giving the administration less time to assess agencies’ needs for the new fiscal year starting Oct. 1 and provide
Congress · 118th Congress
Manchin pushes stricter electric vehicle credit rules
Manchin’s new bill would retroactively put into effect battery and critical mineral sourcing mandates starting from Jan. 1 of this year, rather than giving leeway until Treasury produces guidance
Congress · 118th Congress
Parties dig in for protracted fight over debt ceiling
the National Action Network’s Annual MLK Day Breakfast he mocked Republicans for talking about “big-spendin’ Democrats” when the deficit dropped by roughly $350 billion in fiscal 2021 and more than $1
Congress · 118th Congress
Yellen warns Treasury could hit debt ceiling as early as June
But he said that does not necessarily mean the Treasury would run out of resources before July 1.
Congress · 118th Congress
Debt limit battle set to dominate 2023 fiscal agenda
Vought’s plan has no cuts to Social Security benefits now or in the future, and claims the same for Medicare benefits although it would slice $1 trillion from payments to health providers who serve
Congress · 118th Congress
McCarthy concessions raise stakes on budget, debt limit
(Bill Clark/CQ Roll Call) But while seniors wouldn’t technically see a reduction in Medicare benefits, the Vought plan would still slash about $1 trillion from Medicare payments to providers, which could
Policy · 117th Congress
Biden faces international climate-aid challenge in fiscal 2024
The Obama administration, for example, gave $1 billion toward international climate financing through that fund, said Niranjali Amerasinghe, executive director of ActionAid USA, the American wing of an
Congress · 117th Congress
Say it ain’t so: Reconciliation back on the table for raising debt limit
Democrats could bring it straight to the floor in that chamber under “automatic discharge” rules since it’s well after an April 1 deadline for Senate Budget Committee action.
Policy · 117th Congress
Deficit cut in half last year, but more red ink lurks
For the fiscal year that began Oct. 1, the White House in August projected a deficit in the $1.3 trillion to $1.4 trillion range, depending on what policies are enacted.
Congress · 117th Congress
Biden signs major climate, health care and tax bill into law
The package is estimated to cut the federal deficit by about $300 billion over the next decade, thanks to revenue raisers that include a 15 percent minimum tax on the largest corporations, a 1 percent