Pelosi forced to abandon Friday vote on immense social spending bill amid resistance from moderates
House Speaker Nancy Pelosi moved to save face with a procedural vote on Democrats' reconciliation bill Friday after an effort to pass it stalled yet again after a small group of moderates demanded the House wait for scores from the Congressional Budget Office.
Build Back Better Act: Immigration provision grants 5-year parole to some migrants, shielding from deportation
A new provision in Democrats' Build Back Better social spending plan would grant parole to immigrants who entered the U.S. illegally more than 10 years ago to shield them from being deported.
McCarthy says Pelosi's push to quickly pass spending bill shows Dems didn't learn from elections this week
House Minority Leader Kevin McCarthy said Democrats aren't listening to voters by trying to advance their "irresponsible" spending plan.
CBO score on reconciliation bill could take until Thanksgiving as Biden, Pelosi scramble for votes
If a handful of House moderates stick to their demand that the chamber wait until a CBO score comes out to pass the bipartisan infrastructure bill, there won't be a vote until the week of Thanksgiving.
Varney: Pelosi scrambling for votes symbolizes chaos in White House
FOX Business' Stuart Varney on the chaos that has come with Capitol Hill spending negotiations.
Democrats revive Roth IRA, 401(k) limits for wealthy Americans in latest spending proposal
House Democrats on Wednesday unveiled an updated version of the party’s sweeping social spending package, adding several rules designed to curb wealthy Americans' ability to contribute to tax-advantaged retirement accounts.
Sec. Raimondo: Public pre-K will lead to fewer 'help wanted' signs
Commerce Secretary Gina Raimondo on Thursday said public preschool programs will lead to fewer "help wanted" signs by boosting female employment rates.
Some Dems still pushing to include IRS monitoring provision in Biden's spending plan
Senate Democrats are making a last-minute effort to include a controversial proposal that would force banks to turn over most customers' account information to the Internal Revenue Service in the party's final tax and spending bill after President Biden omitted the measure from a revised framework.
House Democrats are in disarray: Sen. Marsha Blackburn
Tennessee Sen. Marsha Blackburn on how soon the spending bill will be passed on Capitol Hill.
Fed's Powell suggests inflation spike could last until well into next year
Federal Reserve Chairman Jerome Powell said Wednesday that surging inflation may not fade until the latter half of 2022, but maintained that wild swings in consumer prices will stop once current pressures on the supply chain dissipate.
Democrats may include tax cut that benefits wealthy Americans in Biden's huge spending plan
A coalition of moderate Democrats is aiming to repeal a Trump-era limit on state and local tax deductions as part of President Biden's signature spending plan, teeing up a showdown with progressives who say doing so would amount to a huge tax cut for the rich.
Biden's spending plan could cost up to $4T, Penn Wharton analysis shows
President Biden unveiled a revised framework last week for a modified social spending plan that imagines spending close to $1.75 trillion over the next decade, but a new analysis released Tuesday suggests the actual price tag is far higher.
Reporter’s Notebook: Biden’s social spending bill in limbo with clock ticking
A massive bin stuffed with pumpkins appeared in a hallway of the U.S. Capitol shortly after President Biden began a conclave with House Democrats about his struggling domestic agenda last week
House Republicans blast Biden, Democrats' spending bill, warn inflation will 'continue to skyrocket'
House Republicans blasted President Biden and Democrats' multitrillion-dollar spending and infrastructure package, warning that, if passed, inflation in the United States will "continue to skyrocket."
Rep. McCarthy: Even the Democrat Party is running against Biden now
Rep. Kevin McCarthy on whether the Democrat Party is turning on President Biden.
Cost of reconciliation, infrastructure bill will be 'massive': Rep. Kustoff
Rep. David Kustoff, R-Tenn., on why he won't support the Democrats' "huge" spending packages.
Biden's tax plan would push top individual income rate to highest among developed countries
The U.S. would have the highest personal income tax rate in the developed world under a White House proposal that would overhaul the nation's tax code in order to fund President Biden's signature spending plan.
Biden's plan to crack down on tax cheats with stronger IRS relies on deterrence
Democrats aim to raise $400 billion in new revenue over the next decade by beefing up the Internal Revenue Service and cracking down on rich tax evaders, a plan that hinges on a revived fear of audits among the wealthy.
More Americans say Biden's mega-spending bills will hurt them than help them, poll shows
Most American voters are skeptical about the impact of two spending packages that congressional Democrats are aiming to pass before the end of the year, despite fervent negotiations that have consumed Capitol Hill for months.
Yellen says Democrats can address debt ceiling via reconciliation if needed
Treasury Secretary Janet Yellen on Monday renewed her push for Congress to raise the debt ceiling before the U.S. government runs out of cash in early December, but she said Democrats should be willing to address the issue on their own if Republicans refuse to act in a bipartisan manner to avoid a first-ever debt default.


















