The Treasury Department is starting to outline ways unused funds will be reallocated to high-performing programs.
Congress still has time to fund the government and the White House messages is in line with normal preparation proceedures.
A problem that has forced automakers to cut production and furlough workers in some instances shows few signs of resolution this year.
Pelosi touts progress but party leaders leave out specifics on ways to offset major spending increases.
Economists and Wall Street have been eager for details on when and how the central bank will start to dial back its support for markets.
Biden's meetings come five days before the House plans to take up a package to improve the nation’s infrastructure — a roughly $1 trillion measure that could be doomed amid potential Democratic defections.
Paulson and Mnuchin have warned political leaders about the consequences of default, but the Biden administration and Senate Republicans don’t appear close to a deal.
Democrats have tied an increase in the debt ceiling to a bill that funds the government into December, setting off a war with Republicans, who refuse to raise the cap out of opposition to President Biden’s agenda — even if it means grinding the country to a halt.
In recent days, centrists have questioned the price tag of the proposal, raised alarms that it could add to the deficit, and sought to scale back to some of its key components, including programs that would provide free pre-kindergarten and community college for all Americans regardless of income level. .
Congressional Republicans are ruling out helping Democrats avoid the potential financial catastrophe.
Lawmakers must prevent a shutdown, authorize new aid to help those affected by two deadly hurricanes and raise a statutory limit that allows Washington to rack up debts to pay its bills, all the while advancing Biden's $4 trillion agenda.
Republicans suspended the debt ceiling under President Trump but said Democrats now own the issue.
Warmer weather has allowed the pesky bugs to multiply and thwart attempts to slow their spread.
Treasury Secretary Janet Yellen is currently leading a review of what federal banking regulators should do to ensure the financial system is protected from climate-related risks. While the Biden administration pursues separate climate legislation with Congress, environmental groups want Yellen to use the lesser-known financial review process to advance measures to curb or discourage lending from Wall Street banks to companies that produce large amounts of carbon emissions.
People who served under President Donald Trump, including Larry Kudlow, Linda McMahon and Brooke Rollins, are part of a plan to use advertisements and social media campaigns to criticize President Biden's $3.5 trillion economic proposal in swing states and districts controlled by centrist Democrats.
The process of drafting the $3.5 trillion bill hadn’t always been smooth, at times exposing deep rifts within Democrats’ narrow majorities in the House and Senate
The new proposal put forward in the House targets a wide array of products, raising existing federal taxes on cigarettes and cigars while introducing the first fee on vaping products.
The Biden administration and House Democrats have largely been united on tax policy, but Treasury Secretary Janet L. Yellen wants more help for the IRS.
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.
