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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Senate Committee Discusses Defense Cuts
New chairman says reductions “would not be the right way to go.” The new chairman of the Senate Armed Services Committee, Senator Jack Reed of Rhode Island, has…
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