budget News Updates

Government, Business

Biden Economic Bill Pushed to 2022 Amid Democrats鈥 Discord

Senate Democrats are abandoning efforts to pass President Joe Biden鈥檚 $2 trillion economic agenda this year, delivering a political blow to the White House, which has failed to rally the fractious party around its signature legislation.

December 16, 2021
Government, Business

Key Lawmakers Reach Stopgap Spending Deal to Avert Shutdown

House Democrats released a bipartisan short-term spending bill to keep the government open after midnight Dec. 3 and plan to put it to a House vote later Dec. 2.

December 2, 2021
Government, Business

US Budget Deficit Eases to $165 Billion in October

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.

November 10, 2021
Government, Business

Biden Focuses on Climate, Families in Trimmed $2 Trillion Plan

WASHINGTON 鈥 Scaling down his Build Back Better plans, President Joe Biden on Oct. 19 described a more limited vision to Democratic lawmakers of a $2 trillion government-overhaul package with at least $500 billion to tackle climate change and money for middle-class priorities 鈥 child tax credits, paid family leave, health care and free pre-kindergarten.

October 19, 2021
Government, Business

Big Pressure on Biden, Dems to Trim $3.5T Federal Overhaul

WASHINGTON 鈥 Pressure mounting, President Joe Biden and Democrats in Congress strained Sept. 28 to trim back his $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes.

September 28, 2021
Government, Business

Biden: Budget Talks Have Hit 鈥楽talemate鈥

WASHINGTON 鈥 President Joe Biden said Sept. 24 that talks over his $3.5 trillion rebuilding plan have hit a 鈥渟talemate鈥 in Congress as he made the case for his expansive effort to recast the nation鈥檚 tax and spending programs and make what he sees as sweeping, overdue investments.

September 24, 2021
Government, Business, Safety

Transportation Panels Pursue Climate, Clean Energy Priorities in $3.5 Trillion Budget

House Speaker Nancy Pelosi is urging Democrats to unify in support of a $3.5 trillion budget proposal that would help advance President Joe Biden鈥檚 domestic agenda, including social aid programs and climate change policies.

August 19, 2021
Government, Business

Congressional Republicans, Moderate Democrats Balk at $3.5 Trillion Budget

Top congressional Republicans announced their opposition to Democratic leaders鈥 pursuit of a $3.5 trillion budget plan that would be considered alongside a big-ticket infrastructure package. Separately, a small group of moderate House Democrats took issue with their party鈥檚 legislative timeline.

August 18, 2021
Government, Business

Biden $6 Trillion Federal Budget Fueled by Higher Taxes

President Joe Biden issued his first full budget proposal May 28, detailing his ambitions to dramatically expand the size and scope of the federal government with more than $6 trillion in spending over the coming fiscal year.

May 28, 2021
Government, Business, Technology

Trump Budget Targets Loan Program That Could Help Lordstown Plant

The Trump administration鈥檚 budget proposal scraps a loan program that could help an upstart electric vehicle company鈥檚 plans to reuse the now-closed General Motors factory in Lordstown, Ohio.

February 11, 2020