The legislation would have reversed the Labor Department rule. “I just vetoed my first bill,” President Biden announced Monday. The Labor Department had previously issued a rule allowing…
Read MorePresident Biden
Bill to Repeal Iraq War Authorization Advances in Senate
White House said President Biden supports the move. Bipartisan legislation in the Senate to repeal the legal justifications that brought about the Iraq war has enough co-sponsors to…
Read MorePresident Biden Seeks Tougher Penalties on Execs of Failed Banks
He wants Congress to levy legal and monetary penalties. President Biden has urged federal legislators to pass legislation for regulators that would hold the executives of failed banks…
Read More18 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…
Read MoreThree U.S. Banks Have Failed
The FDIC, Treasury Department, and Federal Reserve are working together to ensure depositors’ access to funds. The Federal Deposit Insurance Corporation has taken over the Silicon Valley Bank…
Read MorePresident Signs Gun Control Executive Order
He calls for universal background checks. While visiting Monterey, California, President Joe Biden signed an executive order the administration says will bring America “as close to universal background…
Read MoreHouse 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…
Read MoreCBO 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…
Read MorePresident’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…
Read MoreFirst Lady Rejects Cognitive Exam for President
She points to her husband’s schedule and activity levels. First Lady Jill Biden was recently asked by an interviewer about President Joe Biden’s mental fitness. She replied that…
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