The package includes a massive expansion of "social safety net" and programs "to fight climate change," in line with Biden's "Build Back Better" agenda.
The Delta variant is keeping more companies cautious about how to invest the mountains of cash they have at their disposal. That hesitancy has led, in part, to corporate spending on stock buybacks outpacing capital expenditures this year.
House Democrats have unveiled a litany of new tax proposals to fund President Joe Biden’s $3.5 trillion federal spending bill, but a new report suggests the spending plan would shrink the economy.
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.
President Joe Biden hopes people will soon forget the unfolding disaster he created in Afghanistan so he can turn back to issues such as COVID, the economy, and climate change. But he and his White House don't realize just how damaging Afghanistan has been to the president’s credibility, undermining his ability to govern on every other issue.
A group of moderate House Democrats rejected Speaker Nancy Pelosi’s attempts to fashion a compromise on the timing of the $1.2 trillion infrastructure package and a broader $3.5 trillion party line spending bill.
President Joe Biden released three enormous spending plans within three months of taking office. These packages, each of which contain dozens of major provisions, should not be considered in isolation.
