Speaker McCarthy Addresses New York Stock Exchange 

He discussed the debt ceiling and spending cuts.  Speaker of the House of Representatives Kevin McCarthy outlined his plan to cut federal spending and arrange for an increase…

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Secretary Yellen Proposes Treasury Budget for 2024

Secretary highlights the IRS, anti-Russia efforts, and recent bank saves as part of her budget proposal. Secretary Janet Yellen testified before the House Committee of Financial Services and…

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Speaker Seeks Debt Ceiling Meeting with President

Speaker McCarthy hopes to limit government spending. In a letter sent Tuesday to President Biden, House Speaker Kevin McCarthy of California asked for a round of talks to…

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Secretary Blinken Presents Budget Request to Foreign Affairs Committee

Secretary Blinken urges Congress to address “intense competition” in post-Cold War world. Secretary of State Antony Blinken delivered the 2024 budget proposal for his department to the House…

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18 Transit Projects Recommended for Funding

Transportation secretary advocates for large rail and bus rapid transit construction. The U.S. Transportation Department announced that 18 large transit projects in 11 states have been recommended for…

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House Speaker Responds to President’s Proposed Budget

White House appears ready to negotiate.  President Biden has submitted his budget to Congress. The $6.8 trillion budget addresses four main areas—deficit reduction, lower costs for families, Medicare…

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Pentagon to Submit Historic Budget 

Defense Department is seeking $835 billion from Congress.  The largest, non-inflation-adjusted budget request in history is being submitted to Congress from the Department of Defense for its fiscal…

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CBO Director Calls for Cutting Deficit Spending in Half 

Debt could stabilize in 10 years.  Congressional Budget Office Director Phillip Swagel said that reducing deficit spending by 50 percent, as measured as a percentage of the country’s…

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President’s Budget Includes Tax Increases 

Increases focus on the wealthy and big corporations.  President Biden promised a budget that would accomplish many things during his State of the Union address last month, including…

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Senate Minority Leader Supports Increased Defense Spending

He responds to some members of Congress suggesting that cuts be made. Senator Mitch McConnell, the chamber’s minority leader, said that there ought to be increases in America’s…

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