Democrat-Led House Planning to Vote on Biden’s $2 Trillion Social Spending Bill by Friday: Hoyer

Steny Hoyer

House Majority Leader Steny Hoyer told reporters on Tuesday that House leadership plans to hold a vote on final passage of President Biden’s $2 trillion Build Back Better Act by Friday at the latest.

Biden’s social spending bill contains new federal benefit programs and about $550 billion for climate change initiatives.

“I expect to consider most of the debate, perhaps not all, but most of the debate on Build Back Better on Tuesday, excuse me, on Wednesday, today’s Tuesday, on Wednesday, tomorrow,” Hoyer said during a news conference.

Read More

Budget Deficit Spiked in January, CBO Report Finds

The federal budget deficit grew a whopping 400% in one year as the pandemic caused spending to skyrocket, the Congressional Budget Office said in a report Tuesday.

The estimated January federal budget deficit was $165 billion, $132 billion more than the deficit in January 2020, according to a Congressional Budget Office (CBO) report released Tuesday. The federal budget in the first four months of fiscal year 2021, which started in October, was $738 billion, an 89% jump compared to the same period last year.

Read More

With the End of the Fiscal Year September 30, Congress Is Running Out of Time to Fund ‘The Wall’

Donald Trump, The Wall

By Robert Romano   The 2018 fiscal year will end on Sept. 30 but Congress is no closer to achieving key Trump administration priorities including fully funding the southern border wall, something President Donald Trump has been demanding since 2017 and campaigned on extensively in 2016. So far, both the House…

Read More