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…
Read MoreFederal Budget
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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Social Security Could Get Age Benefit Changes
The solvency of the program is at the heart of discussions. Changing the age requirement for receiving Social Security benefits is under consideration by a bipartisan group of…
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President Requests Budget Details from Speaker
He reaffirmed the U.S. commitment to avoiding debt default. President Joe Biden has called on House leadership to release a budget proposal for Americans to see for themselves.…
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President Biden Sees Raising Debt Limit as Non-Negotiable
House speaker would like cuts to federal spending. National Economic Council Director Brian Deese recently relayed President Biden’s sentiments regarding lifting the nation’s debt ceiling. He stated, “It’s…
Read MorePresident and House Speaker to Meet Wednesday
The debt ceiling is expected to be at top of the agenda. House Speaker Kevin McCarthy of California said he and President Joe Biden will meet Wednesday to…
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