Yellen Testifies in Support of Biden’s FY23 Budget Plan

Testifying before the Senate Finance Committee and House Ways and Means Committee this week, Treasury Secretary Janet Yellen acknowledged “unacceptable levels of inflation” impacting American families and businesses while touting President Biden’s Fiscal 2023 budget as necessary investments in the nation’s future. The president’s $5.8 trillion budget proposal, which serves as an opening salvo in… Read more »

Biden Releases $5.8T Budget Plan for 2023

President Biden released a $5.8 trillion budget plan this week that includes a reduction in the federal budget deficit of more than $1 trillion over the next 10 years. The White House budget, which serves as an opening salvo in negotiations with Congress, pivots to fiscal prudence by reducing pandemic safety net costs and proposing… Read more »

House Approves $3.5T Budget Resolution

The House narrowly passed a budget plan on Tuesday needed to unlock a massive $3.5 trillion social spending package that constitutes a major piece of President Biden’s economic agenda. The 220-212 party-line vote came after Speaker Nancy Pelosi (D-CA) worked to appease a group of nine Democratic moderates who threatened to oppose the budget resolution… Read more »