House G.O.P. Unveils Debt Limit Bill Lifting Borrowing Cap for One Year
The proposal would impose work requirements on food stamp and Medicaid recipients and repeal funding to beef up tax enforcement.
Source: nytimes.com
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Biden Budget Routes $1.2 Billion to Big Transit Projects in New York
The money, which was previously allocated in the infrastructure bill, will go to the Second Avenue Subway extension and new Hudson River train tunnels, two of the most long-awaited transit projects in the region.
Source: nytimes.com
Debt Talks Are Frozen as House Republicans Splinter Over a Fiscal Plan
The struggles among Republicans to put forth a budget reflect the perilous path ahead for lawmakers who must broker a debt deal by the summer to avert a catastrophic default.
Source: nytimes.com
Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.
Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.
Source: nytimes.com
Biden Warns That Climate Change Could Upend Federal Spending Programs
A chapter in the new Economic Report of the President focuses on the growing risks to people and businesses from rising temperatures, and the government’s role in adapting to them.
Source: nytimes.com