The U.S. budget deficit increased 23 percent to $1.7 trillion, an increase of $320 billion, in the year after the Biden administration pushed through the Inflation Reduction Act which it claimed would close the government’s funding gap.
In the backdrop of this appeal, discussions have been initiated within the Biden administration, in collaboration with congressional members, to potentially curate a larger combined aid package.
In light of mounting global tensions, a bipartisan panel established by Congress has advised that the U.S. should gear up for potential concurrent wars with both China and Russia.
House Republicans nominated U.S. Representative Steve Scalise (R-LA), the present second-in-command in the GOP leadership hierarchy, to assume the role of the Speaker of the House of Representatives.
Recent revelations have shown that the U.S. federal government has earmarked more than $4.1 billion for grants in support of LGBT and transgender projects worldwide.