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Biden only wants to raise taxes on the wealthy, but he"s misleading families with $400,000-plus income
Biden says "no one making under $400,000 will see their taxes go up," but the White House says families qualify. That still only hits the richest. President Joe Biden speaks about his $2 trillion infrastru.....»»
Trump promised to eliminate the deficit within 8 years. It would take until 2035 under his new budget proposal.
Joshua Lott/Getty Images Red ink would continue to flow for another decade and a half under the latest White House budget proposal. That would undermine a longtime campaign pledge for President Donald Trump and a tradi.....»»
Congressional Budget Office"s Long-Term Deficit Forecast Dwarfs White House Estimate
The Congressional Budget Office estimates President Donald Trump’s 2019 budget proposal will result in deficits in 2027 and 2028 that are more than double the White House’s estimates......»»
Fannie-Freddie rise as White House proposes privatization
The Trump administration wants Congress to remove the federal charters for Fannie Mae and Freddie Mac as part of a plan to release the mortgage giants from U.S. control, according to a sweeping proposal for reorganizing the government released Thursday......»»
Fannie-Freddie rise as White House proposes privatization
The Trump administration wants Congress to remove the federal charters for Fannie Mae and Freddie Mac as part of a plan to release the mortgage giants from U.S. control, according to a sweeping proposal for reorganizing the government released Thursday......»»
Sen. Bernie Sanders says the US needs "progressive taxation" on the wealthy to pay for Biden"s infrastructure proposal
"The very rich and large corporations should start paying their fair share of taxes to help us rebuild America and create the jobs that we need," Sanders said. Sen. Bernie Sanders (I-Vermont) arrives at the House cham.....»»
Stocks have soared under Joe Biden. But a JPMorgan strategist says taxes and inflation could weigh on the bull run
Joe Biden's first 100 days have seen US stocks soar. But a JPMorgan strategist says taxes and inflation could now pose problems. The stock market has rallied sharply during Joe Biden's first 100 days. White House/Lawrence.....»»
Biden to raise hourly minimum wage to $15 for federal contractors in new executive order
White House officials believe this will boost the pay of hundreds of thousands of workers by the time it goes into effect in 2022......»»
"Hell no, don"t raise them!": Manchin dismisses GOP-favored gas taxes and user fees to pay for infrastructure
A GOP-led bloc is assembling an infrastructure proposal ranging from $600 billion to $800 billion, possibly paid for.....»»
The White House tees up a $1.5 trillion spending plan for family aid and education funding, new report says
The proposal includes funding for universal pre-K, paid family and medical leave, and seeks to expand the child tax credit through 2025. Mike Segar/.....»»
Biden Targets Russian Sovereign Debt, Expels 10 Diplomats, In Sweeping Sanctions Action
Biden Targets Russian Sovereign Debt, Expels 10 Diplomats, In Sweeping Sanctions Action update (0853ET): As expected the White House and Treasury's actions aga.....»»
Biden cites infrastructure needs in Arizona, other states, to push plan
WASHINGTON – The White House began its pitch Monday for President Joe Biden’s $2 trillion infrastructure proposal by spelling out constructions needs in all 50 states, including Arizona which got a grade of C on a recent infrastructure repor.....»»
The US deficit soared to a record $1.7 trillion as the government doled out new stimulus
White House and Fed officials have said the US shouldn't worry about the ballooning deficit until after it emerges from the COVI.....»»
Capitol Report: Biden’s $1.5 trillion budget outline calls for new health agency and 16% rise in non-defense, discretionary spending
The Biden White House takes the wraps off its fiscal 2022 discretionary spending proposal, with the budget outline calling for a new health agency as well as a 16% increase in non-defense outlays......»»
Capitol Report: Biden’s budget outline calls for new health agency and 16% rise in non-defense, discretionary spending
The Biden White House takes the wraps off its fiscal 2022 discretionary spending proposal, with the budget outline calling for a new health agency as well as a 16% increase in non-defense outlays......»»
White House proposal calls for $100B in new EV consumer rebates, Reuters says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Capitol Report: Cascade of red ink poses risks for Biden’s budget rollout
The Biden White House is slated to release its first big fiscal policy document soon, but critics wonder if it will raise more questions than it will answer......»»
5 key takeaways from Biden’s $2 trillion infrastructure plan
Biden’s proposal includes a lot more than roads and bridges, and the White House math is fuzzy on how to pay the hefty price tag......»»
Stimulus checks to reach Social Security recipients who don"t file taxes on April 7: White House
White House press secretary Jen Psaki on Tuesday indicated that $1,400 stimulus checks should arrive soon for Social Security recipients who aren't req.....»»
Need to Know: Biden may propose $1 trillion in new taxes, says a former aide — and here’s how Congress will react
The White House will propose $1 trillion worth of new taxes, according to Sarah Bianchi, head of U.S. public policy and political strategy at Evercore ISI and the former director of economic and domestic policy for then Vice President Joe Biden......»»