Republicans’ opening bid to avert economic catastrophe by raising the nation’s borrowing limit focuses more on energy policy than reducing debt.
Tag: Congressional Budget Office
-
House G.O.P. Eyes Rescinding Unspent Covid Money as Part of Its Fiscal Plan
Estimates put the amount of leftover money between $50 billion and $70 billion. But even if Republicans could claw it back, it would not make much of a dent in the deficit.
-
Biden Moves to Recapture the Centrist Identity That Has Long Defined Him
After two years championing progressive priorities, the president is speaking more to the concerns of the political middle as he prepares to announce a campaign for a second term.
-
Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP
The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.
-
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.