Budget Battles
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Supreme Court Rejects GOP Effort to Overturn Obamacare
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Rate Hikes May Come Sooner Than Expected, Fed Says
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Bernie Sanders Leads Liberal Rebellion Against Infrastructure Deal
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Democrat Floats ‘Patriot Tax’ on the Wealthy
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Biden Returns $2 Billion in Trump Border Wall Money to Pentagon
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New Alzheimer’s Drug Will Cost Medicare Billions
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Biden Plan Would Cut Taxes for Most Americans: Analysis
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Bipartisan Infrastructure Deal Gains More Support
The $1 trillion bipartisan infrastructure deal being hammered out in the Senate got a boost Wednesday as 21 Democratic and Republican senators publicly backed the framework. “We support this...
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Yellen Tells Lawmakers Now Is the Time for ‘Ambitious Fiscal Policy’
Treasury Secretary Janet Yellen on Wednesday defended President Joe Biden’s proposed $6 trillion budget for 2022, telling lawmakers on the Senate Finance Committee that now is the time to embrace an...
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This Year's Congressional Budget Process Is Even Worse Than Usual
The congressional process of funding the government — you know, lawmakers’ primary responsibility — has been a much-maligned mess for years now, routinely resulting in stopgap spending bills, threats...
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Liberal Rebellion Could Sink Bipartisan Infrastructure Deal
By Michael RaineyThe $974 billion infrastructure proposal offered by a bipartisan group of senators faces growing resistance in Washington, making it more likely that Democrats will go it alone and pass a package...
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Selling the Bipartisan Infrastructure Deal Won’t Be Easy
The sales pitch has started for the bipartisan infrastructure bill negotiated by 10 senators. Closing a deal with the White House and fellow lawmakers won’t be easy. “Some Democrats already have...
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Democrats Propose $1.5 Trillion Spending Limit for Discretionary Spending
By Michael RaineyDemocrats in the House unveiled a resolution that would authorize roughly $1.5 trillion in discretionary spending for fiscal year 2022. The so-called deeming resolution would allow the House to move...
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Poll of the Day: Infrastructure Isn't Americans’ Top Priority for Congress
Just over a third of American voters say that passing an infrastructure spending bill should be a top priority for Congress, according to a Morning Consult-Politico poll out this week — lower than...
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Senate Infrastructure Deal Faces Questions From Biden, Lawmakers
The White House said Thursday evening that it had been briefed on the infrastructure agreement emerging from a bipartisan group of 10 senators but had questions about the details of the deal, leaving...
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Biden Returns $2 Billion in Trump Border Wall Money to Pentagon
By Michael RaineyThe Biden administration returned $2 billion to the Defense Department that had been redirected by former President Donald Trump to fund border wall construction in the Southwest. The money is the...
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Bipartisan Senate Group Reaches Infrastructure Deal
Republican senators involved in bipartisan infrastructure talks said Thursday that they had reached agreement on a plan that would spend a fraction of the roughly $4 trillion proposed by President...
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Biden Says He’s OK With Letting $300 Unemployment Benefit Expire
By Michael RaineyThe $300 per week supplemental unemployment benefits being paid by the federal government through Labor Day have become increasingly controversial, with a growing number of Republicans and business-...
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Hiring Picks Up, but Pace of Recovery Disappoints
By Michael RaineyThe U.S. economy added 559,000 jobs in May, the Bureau of Labor Statistics announced Friday in a report that managed to be both reassuring and disappointing at the same time. On the positive side,...
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Biden Rejects GOP's Latest Offer on Infrastructure, Talks to Continue
Republicans led by Sen. Shelley Moore Capito (R-WV) on Friday upped their infrastructure offer by about $50 billion, but President Biden said it’s still not enough, according to the White House. The...
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Biden Offers to Slash Infrastructure Plan in Bid for GOP Support
In his meeting Wednesday with the top Republican negotiator on infrastructure, President Joe Biden reportedly insisted that the GOP must accept about $1 trillion in new spending as part of any deal...
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Deficits Likely to Be Bigger Than Biden’s Budget Projects
President Biden’s budget request for fiscal year 2020 projects a $1.8 trillion deficit next year and annual shortfalls of more than $1.3 trillion over the rest of the next decade. Actual deficits...