Democrats persuade a slim majority to approve the centerpiece of President Biden’s economic agenda, though the bill now faces an evenly divided Senate.
A vote for the bipartisan infrastructure bill is a vote for Biden's reconciliation legislation -- the largest cradle-to-grave expansion of federal power since the New Deal.
White House principal deputy press secretary Karine Jean-Pierre said Thursday that President Biden is 'perfectly comfortable' with cash payouts to migrant families separated at the border, but insisted the settlements won't be as high as $450,000.
Colin Powell, the first black Secretary of State who formulated foreign policy under several presidents, died Monday morning at the age of 84 of complications from COVID.
Financial experts are pushing back against the Biden administration's proposal to include a provision in the $3.5 trillion spending bill to extend the IRS' reach to have bank transactions over $600 reported. The Democrats’ goal is to garner $463 billion in additional personal income tax over the next decade.
A letter signed by more than 40 trade associations calls on Congress to reject the proposal, saying it violates customer privacy and would create an incredibly expensive and elaborate reporting requirement for banks.
