The president last week criticized large corporations paying $0 in taxes, but it's unclear if his proposals accomplish that goal.
The GOP alternative is expected to total less than half the White House’s plan, according to party lawmakers, who have eyed $600 billion as a potential price tag. Republicans also plan to narrow their efforts to include only traditional infrastructure, like roads and bridges, while jettisoning the tax increases that Biden has endorsed as a way to finance the package.
The new draft legislation put forward by Sens. Ron Wyden (Ore.) and Michael Bennet (Colo.) seeks to remedy the financial hardships that many families experienced over the past year, after the coronavirus left a record number of people out of work and struggling to obtain enough aid.
The political schisms seemed only to widen a day after Biden invited lawmakers from both parties to the White House, illustrating the significant obstacles the president faces if he hopes to craft a swift bipartisan deal to upgrade the country’s roads, bridges and water ways.
HUD submits rules to address systemic racism and housing discrimination.
The meeting in the Oval Office comes as Senate lawmakers return to Washington at odds over Biden’s infrastructure plan, threatening to spoil early hopes for a swift political compromise.
The U.S. spent $927 billion in March alone — more than double the level from March 2020.
The White House is facing diverging pressure from two powerful allies — House Speaker Nancy Pelosi (D-Calif.) and Senate Budget Committee Chairman Bernie Sanders (I-Vt.) — over whether to use an upcoming spending package to strengthen the Affordable Care Act or expand Medicare eligibility.
In a 60 Minutes interview, Jerome H. Powell said the pandemic still controls the fate of the recovery, and that many of the disparities that have worsened over the past year will take time to fully address.
President Biden on Friday asked Congress to authorize a massive $1.5 trillion federal spending plan in 2022, seeking to fulfill his campaign promises to invest heavily in education, improve public housing, combat the coronavirus pandemic and confront climate change.
White House wants more money for all the programs Trump had sought to slash.
Combating homelessness is part of President Biden’s sweeping anti-poverty agenda.
A 19-page report spells out Treasury Secretary Yellen's tax proposals.
Multiple Democratic lawmakers have criticized the plan as the White House begins to defend it.
The treasury secretary warned Monday that the slow rollout of vaccines could harm the American economy.
Close to one fifth of Biden's bill is devoted to expanding in-home care, after the pandemic intensified criticisms of America's nursing homes.
Ron Klain, the president's chief of staff, said Biden had "a job to do" with or without bipartisan support.
The early squabbling threatens to undermine once-rosy prospects for a swift deal in the nation’s capital to improve the country’s roads, bridges, pipes and sewers.
The White House on Wednesday unveiled an approximately $2 trillion jobs plan focused on infrastructure and the climate, a blueprint that represents President Biden’s vision for how to reshape the U.S. economy.
Baylor Scott & White Health, the Mayo Clinic, Pittsburgh’s UPMC, NYU Langone Health and other wealthy hospital systems recorded hundreds of millions of dollars in surpluses after accepting huge federal bailout grants. But poorer hospitals — many serving rural and minority populations — got a smaller slice of grants and ended the year with deficits and a bleak fiscal future.