Secretary highlights the IRS, anti-Russia efforts, and recent bank saves as part of her budget proposal. Secretary Janet Yellen testified before the House Committee of Financial Services and…
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Speaker Seeks Debt Ceiling Meeting with President
Speaker McCarthy hopes to limit government spending. In a letter sent Tuesday to President Biden, House Speaker Kevin McCarthy of California asked for a round of talks to…
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Secretary Blinken Presents Budget Request to Foreign Affairs Committee
Secretary Blinken urges Congress to address “intense competition” in post-Cold War world. Secretary of State Antony Blinken delivered the 2024 budget proposal for his department to the House…
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18 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…
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House 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…
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Pentagon to Submit Historic Budget
Defense Department is seeking $835 billion from Congress. The largest, non-inflation-adjusted budget request in history is being submitted to Congress from the Department of Defense for its fiscal…
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CBO 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…
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President’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…
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Senate Minority Leader Supports Increased Defense Spending
He responds to some members of Congress suggesting that cuts be made. Senator Mitch McConnell, the chamber’s minority leader, said that there ought to be increases in America’s…
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Social Security Could Get Age Benefit Changes
The solvency of the program is at the heart of discussions. Changing the age requirement for receiving Social Security benefits is under consideration by a bipartisan group of…
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