Provisions include universal preschool and amnesty for millions. On Monday, Senate Majority Leader Chuck Schumer of New York said the Senate would begin debate on a $3.5 trillion…
Read MoreFederal Budget
U.S. Debt Ceiling Deadline Missed
Treasury Department beginning “extraordinary measures.” Congress limits how much money the government can borrow, and once the debt limit is reached, legislators must raise or suspend the debt…
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Treasury Secretary Appeals to Congress About Debt
Legislators need to increase or suspend the debt limit soon. On Friday, Treasury Secretary Janet Yellen urged lawmakers to act on the nation’s debt limit, either increasing or…
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Senator Schumer Sets Infrastructure Vote Next Week
He continues pushing negotiators to complete work on the package. Senate Majority Leader Chuck Schumer of New York said he would begin the floor process next week for…
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Members of Senate Majority Agree to Budget Plan
President joins legislators on Capitol Hill. Late on Tuesday night, members of the president’s party in the Senate announced that they had reached an agreement on setting the…
Read MoreSenate May Work Into August, Leader Says
Senator Schumer looking for a “two-track” approach to agenda. Senate Majority Leader Chuck Schumer of New York said that legislators may work into August in order to pass…
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USAF Proposes Reductions Due to Budget
Flight hours and C-130 aircraft decrease requests are made to Congress. The U.S. Air Force is proposing a cut of 87,500 hours of flight time for its pilots…
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President Announces $6 Trillion Budget
Plans to increase corporate tax rate included in proposal. This week, President Biden announced his administration’s target budget for the 2022 fiscal year. At $6 trillion it would…
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Treasury Urges Debt Level Increase
Congress urged to move quickly. Treasury Department officials urged Congress to increase the federal borrowing limit this summer. Otherwise, the federal government could run out of cash, much…
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President Pitches Budget Plan to Congress
Plan is $118 billion higher than 2020 appropriations. On Friday, the president’s administration announced its first budget proposal for the country with a price tag of $1.5 trillion.…
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