“It’s going to cost nothing,” President Biden said of the Democrats’ massive $3.5 trillion spending binge, which House Speaker Nancy Pelosi is scrambling to pass this week.
Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules.
Senate Democrats are poised to blow past their Wednesday deadline to finish the $3.5 trillion social welfare bill, raising fresh doubts about the party’s ability to hold together and put the bill onto President Biden’s desk.
There’s a growing realization among Democrats that their plans for a $3.5 trillion spending package to reshape the nation’s social safety net and to tackle climate change will have to be slimmed down because of anxious centrists worried about the 2022 midterms.
Former University of Georgia football legend Herschel Walker has filed to run for U.S. Senate in Georgia, becoming the most prominent Republican to line up to challenge incumbent Sen. Raphael Warnock (D-Ga.).