New details on Democratic negotiations to trim back $3.5 trillion spending bill

New details on Democratic negotiations to trim back $3.5 trillion spending bill

This post was originally published on this siteAfter a series of meetings at the White House with lawmakers, new details are emerging about possible cuts to the $3.5 trillion spending bill, in areas like community college tuition and guaranteed paid family leave. Nancy Cordes reports from the White House.

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Democrats say there is new momentum for a budget package

Democrats say there is new momentum for a budget package

This post was originally published on this siteCongress is back and trying to tackle a number of pressing issues before the end of the month, including negotiations over President Biden’s infrastructure and social spending packages.

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The Fossil Fuel Industry Is Holding Up the Democratic Agenda

The Fossil Fuel Industry Is Holding Up the Democratic Agenda

This post was originally published on this siteAída Chávez Party leaders are caving to corporate pressure and ceding ground on an already dangerously low budget proposal. The post The Fossil Fuel Industry Is Holding Up the Democratic Agenda appeared first on The Nation.

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Senate leaders announce debt limit deal

Senate leaders announce debt limit deal

This post was originally published on this site Senate leaders hope to pass the bill, which would increase the borrowing limit by $480 billion, as soon as today. (Image credit: Andrew Harnik/AP)

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Democrats warn of looming downgrade as US faces debt default crisis

Democrats warn of looming downgrade as US faces debt default crisis

This post was originally published on this site Democratic Senate leader Chuck Schumer warned Tuesday that the United States was flirting with a disastrous downgrade in its credit rating as lawmakers remained deadlocked over how to stave off a debt default with just days to spare. Democrats say the Senate...

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As a Debt Default Looms, the White House Warns of a Financial Crisis

As a Debt Default Looms, the White House Warns of a Financial Crisis

This post was originally published on this site‘A default would send shock waves through global financial markets,’ officials at the White House Council of Economic Advisers warned.

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Schumer: Congress needs to raise debt ceiling by end of the week

Schumer: Congress needs to raise debt ceiling by end of the week

This post was originally published on this siteSenate Majority Leader Charles Schumer (D-N.Y.) said on Monday that Congress needs to get a bill raising the debt ceiling to President Biden’s desk by the end of the week, an ambitious timeline given an entrenched stalemate …

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The Work Continues After Progressives Rescue Two-Track Infrastructure Plan

The Work Continues After Progressives Rescue Two-Track Infrastructure Plan

This post was originally published on this site Negotiations over the $3.5 trillion reconciliation bill for President Joe Biden’s Build Back Better plan are back on after House Speaker Nancy Pelosi (D-CA) ultimately declined to bring the bipartisan infrastructure bill (BIF) to a vote last week due to progressives’ threat...

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