Luxury apartment or essential housing? How America’s most notorious junk municipal bond peddlers are getting rich off California’s affordability crisis.
More than 6 million illegal immigrants in the United States would be granted amnesty and allowed to obtain government benefits by House Democrats’ Build Back Better Act, according to a review by the Congressional Budget Office.
Democrats persuade a slim majority to approve the centerpiece of President Biden’s economic agenda, though the bill now faces an evenly divided Senate.
The House of Representatives passed President Joe Biden’s $1.2 trillion infrastructure bill on Friday, putting an end to a months-long deadlock caused by wrangling between the progressive and fiscally conservative wings of the Democratic Party over just how big the president’s accompanying social and climate spending package will be.
After months of criticizing Sens. Joe Manchin and Kyrsten Sinema for balking at the original $3.5 trillion price tag, congressional Democrats are finally accepting reality and paring President Biden’s social welfare package to between $1.5 trillion and $2 trillion over the decade.
“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.
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.
