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The United States Senate passed a massive overhaul on the Postal Service worth a total of roughly $107 billion that will allow the agency to modernize its operations. The bill will remove the Postal Service's $57 billion past-due postal liabilities and will allow it to save $50 billion in the next decade.
>> the country starts with $30 trillion in debt and already paying $1 billion in interest per day on that amount according to the peterson foundation. lawmakers are considering more spending with president biden's $1.7 trillion bills back better agenda, the congressional budget office found the version of the plan that passed the house in november would add $365 billion to the deficit through 2031 not including $207 billion in revenue from irs enforcement. >> you can consider us, easily 60, $70 trillion in a decade or two if we don't control this.
Kick off the new year nearly $30 trillion in debt. lydia is here with the details. >> hi, gillian. that debt already cost the country nearly $1 billion in interest per day. that's according to the peterson foundation. now lawmakers are considering more spending with president biden's $1.7 trillion build back better agenda. as we entered the new year, the congressional budget office found the version of the plan that passed the house in november with ad $355 billion to the deficit through 2031. that is not including $207 billion in revenue from irs enforcement. but some republicans are calling ...
Look, the european union is almost as bad on trade as china is. i say that to people, say -- they say, oh, you know, the european union's so nice. they ripped us off, you know, like few others. we lost $187 billion when i was coming into office with the european union. now, with china, it was $507 billion. this is, it's not sustainable. and what i did with the taxes and the tariffs on china, taking in hundreds of billions of dollars, we never took in ten cents. and the funny thing is biden, you saw him, but they haven't taken the tariffs off. you know why? it's so much money. and not only that...
Us on trade. look, the european union is almost as bad on trade as china is. i say that to people, say -- they say, oh, you know, the european union's so nice. they ripped us off, you know, like few others. we lost $187 billion when i was coming into office with the european union. now, with china, it was $507 billion. this is, it's not sustainable. and what i did with the taxes and the tariffs on china, taking in hundreds of billions of dollars, we never took in ten cents. and the funny thing is biden, you saw him, but they haven't taken the tariffs off. you know why? it's so much money. and ...