The president has tried to highlight years of Republican proposals that call for scaling back popular — and increasingly expensive — federal programs.
Tag: Federal Budget (US)
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IRS Decision Not to Tax Certain Payments Carries Fiscal Cost
The Biden administration has opted not to tax state payments to residents, a decision that could add to the nation’s fiscal woes.
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Plans in Congress on China and TikTok Face Hurdles After Spy Balloon Furor
With budgets tight and political knives drawn, lawmakers seeking to capitalize on a bipartisan urgency to confront China are setting their sights on narrower measures.
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U.S. Could Default on Debt as Early as Summer, New Estimate Says
The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit.