Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits
Posted inBiden, Joseph R Jr Committee for a Responsible Federal Budget Congressional Budget Office Federal Budget (US) Health Insurance and Managed Care Inflation Reduction Act of 2022 National Debt (US) United States Economy United States Politics and Government

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.
Debt Default Would Cripple U.S. Economy, New Analysis Warns
Posted inEconomic Conditions and Trends Federal Budget (US) House of Representatives Labor and Jobs Moody's Corporation National Debt (US) Recession and Depression Republican Party Senate Committee on Banking United States Economy United States Politics and Government

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.