He projects slower increases in funding over 10 years with increases in wealth taxes. President Joe Biden released his proposed budget for the 2025 fiscal year on Monday.…
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IRS Improves Phone Service Levels in Current Tax Season
The agency seeks to show the efficacy of additional funding. The Internal Revenue Service (IRS) has shown improved phone response metrics as the tax season kicks off, reportedly…
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Congress Passes Short-Term Government Funding
The deadlines for appropriations have been moved back to March 8 and March 22, respectively. The Senate and House of Representatives approved a short-term resolution to continue funding…
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President Meets With Legislative Leaders at White House
Discussions focus on emergency foreign aid and government funding. President Joe Biden convened a meeting on Tuesday with House Speaker Mike Johnson, House Minority Leader Hakeem Jeffries, Senate…
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President Seeks to Cut 13 Jets from Upcoming Pentagon Order
Reducing the F-35 jet order from 83 to 70 cuts $1.6 billion in spending. President Joe Biden is looking to reduce the number of F-35 jets the Pentagon…
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White House Announces $5 Billion for Semiconductor Research
The administration establishes a center for research and a public-private development consortium. President Biden’s administration has announced a $5 billion investment into domestic semiconductor research and development (R&D),…
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Senate Passes $93.5 Billion Aid Package
Border security funding was not included and no offsetting cuts were made. The Senate passed a supplemental package Tuesday morning. The measure would provide $60 billion in assistance…
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House Committees Debate Funding for Programs in Farm Bill
Divisions arise over federal food benefit programs and “climate-friendly” farming. The next farm spending bill, which is renewed every five years, is due this September. The legislation renews funding…
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White House Determined to Pass Aid for Ukraine Through Congress
The national security advisor said there is no “plan B.” National security advisor Jake Sullivan emphasized the White House’s dedication to passing additional aid for Ukraine through Congress,…
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Congress Passes Federal Funding Extension
The current continuing resolution funds the government into early March. Both chambers of Congress passed an extension of a continuing resolution on Thursday to avoid a partial government…
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