Category: Federal Budget (US)

French Protesters Rally in Last Angry Push Before Pension Bill Vote

Many believe the legislation to raise the retirement age to 64 from 62 will pass Parliament, and they are looking beyond the vote to fight on.
In Budget Talks, Biden Rejects Hard Choices of the Past

The president has met Republican demands for debt reduction with a plan to trim deficits by taxing companies and the rich.
Missing From Biden’s Budget: His Plan for Social Security

Like the president’s previous budgets, his latest proposal made no mention of any tax or spending increases linked to the program, which he had promised to shore up during his 2020 campaign.
Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich
Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP

The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.
Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits

The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.
Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits

The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.
Biden Budget Will Propose Tax Increase to Boost Medicare

The president’s plan targets Americans earning more than $400,000 a year in an attempt to increase the program’s solvency by 25 years.
Debt Default Would Cripple U.S. Economy, New Analysis Warns

As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.
Republican Votes Helped Washington Pile Up Debt

As they escalate a debt-limit standoff, House Republicans blame President Biden’s spending bills for an increase in deficits. Voting records show otherwise.
IRS Decision Not to Tax Certain Payments Carries Fiscal Cost

The Biden administration has opted not to tax state payments to residents, a decision that could add to the nation’s fiscal woes.
U.S. Could Default on Debt as Early as Summer, New Estimate Says

The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit.