Budgets

President Biden on Monday unveiled a new minimum tax targeting billionaires as part of his 2023 budget request, proposing a 20% rate that would hit both the income and unrealized capital gains of the wealthiest Americans.

Senate Minority Leader Mitch McConnell told his colleagues Wednesday he is prepared to cut a deal with Majority Leader Chuck Schumer to prevent a nationwide debt default.

Mick Mulvaney told FOX Business' "Mornings with Maria" that there is "no way" to pay for Senate Democrats' $3.5 trillion spending bill without raising taxes on the middle class.

Former President Donald Trump called Friday night for Senate Republicans to withdraw from negotiations over President Biden’s $1.2 trillion spending proposal, warning that "RINO Republicans" were "just being played by the Radical Left Democrats."

President Biden's budget blueprint predicts modest economic growth during his presidency and beyond, despite the rosy rhetoric Biden has projected on how a federal spending spree is needed to spur on job creation.

The White House on Friday unveiled a $6 trillion budget proposal for fiscal year 2022 which would push debt levels to the highest they’ve been since World War II, and Republicans on Capitol Hill are calling the proposal “dead on arrival” in Congress.

The White House has left the door open to accepting the GOP infrastructure counteroffer unveiled Thursday morning but said that figuring out how to pay for the plan "remains unclear."

Press secretary Jen Psaki revealed Friday that the White House is offering to bring the pricetag of its infrastructure package down from $2.25 trillion to $1.7 trillion.