fiscal year
Biden budget asks for 25% tax on billionaires, boosts in domestic and defense spending
WASHINGTON — President Joe Biden’s budget request for the upcoming fiscal year asks Congress to boost funding for defense and domestic programs and levy a 25% minimum tax on billionaires, setting up a significant contrast with House Republicans, who hope to cut spending to last year’s levels and overwhelmingly oppose tax increases. The president’s budget […]
Congress rolls out $1.7 trillion spending deal in race to Friday deadline
WASHINGTON — Congress unveiled a $1.7 trillion spending package early Tuesday that would fund the federal government for the rest of the fiscal year, completing the annual process that began this spring when President Joe Biden sent lawmakers his budget request. Biden’s chief budget official in a statement urged Congress to speedily pass the massive […]
U.S. House and Senate GOP at odds over massive government spending deal
WASHINGTON — Congress is trying to wrap up its remaining must-pass bills before leaving for the holidays — but a split between Senate Republican and House GOP leaders could hamstring the all-important task of funding government operations and averting a partial shutdown. Senate Republicans are working with Democrats in both chambers to negotiate a major […]