The White House and several congressional leaders have rallied behind tax plan that would target changes towards large corporations and the wealthy.
The internal dissent could prove problematic for the party since Democrats must stay united in a Congress that they only narrowly control if they hope to pass what could become the largest economic package in American history.
Even in deep red Texas, some employers embrace the president’s vaccine strategy.
The slew of new tax credits and other policies form a central component of Democrats’ still-forming $3.5 trillion economic package.
The vote in front of the tax-focused House Ways and Means Committee marked a critical, early milestone as lawmakers continue to craft a broader bill encapsulating President Biden’s economic policy priorities — a grueling process that is set to resume across the Capitol on Friday.
Embattled Facebook is seeking to show that the project does not put the financial system at risk, but Biden officials remain concerned.
The proposal would give the Federal Trade Commission funding to create a new digital-focused division that would police privacy violations, cybersecurity incidents and other online abuses.
With the backing of President Biden, the new spending that lawmakers envision could amount to the largest-ever investment in the child-care industry, responding to the struggles many parents have faced during the pandemic.
Treasury Secretary Janet Yellen’s declaration that lawmakers have less time to raise or suspend the statutory limit on federal borrowing threatened to turn up the political heat on Congress in what already is a jam-packed month.
As part of the request, the short-term spending bill would aim to avoid a government shutdown in October.
The next few days threaten to be daunting for top lawmakers in the party tasked with assembling a bill that can satisfy their past promises to remake broad swaths of the American economy.
A major decision for President Biden is whether to re-appoint Jerome H. Powell, and how to fill out the rest of the Fed roster.
Some White House officials are split on what will happen when the benefits cease next week, but advisers downplayed any rift.
If he withholds his vote, Democrats essentially cannot proceed in the Senate, where party lawmakers must stay united in the face of a guaranteed GOP filibuster.
The changes must still be approved by Congress, but Biden administration officials are already working to see how quickly they could implement any changes.
Lobbying groups representing companies such as ExxonMobil, Pfizer and Disney are aiming to ensure they do not have to foot the bill as Democrats look to overhaul federal health-care, education and safety net programs.
The plans were detailed in a memo from the Federal Trade Commission to the White House.
The developments portend a potential shock to the economy, and they highlight the difficult political realities even in a Democratic-dominated capital.
His remarks come at a crucial time for Fed policymaking — and for the economy overall.
Climate change and a brutal heat wave are stressing fields and the communities based on them as farmers triage their crops and limited sources of water.
