Joe Biden

Universal basic income could be coming for kids

Entrepreneurs, intellectuals and presidential candidates have in recent years touted “universal basic income,” a cash stipend to everyone with no strings attached, as the answer to poverty, automation and the drudgery of work. It has never gotten off the ground in the U.S.

Biden to meet with unions pushing for infrastructure spending

President Biden is scheduled to meet in the White House Wednesday with senior labor union leaders, who are hoping to win commitments for a massive federal investment in infrastructure as well as efforts to create jobs in clean-tech and alternative energy, according to people familiar with the matter.

Budget office expects $2.3T deficit before Biden relief plan

The Congressional Budget Office says the federal government is on track for a $2.3 trillion deficit this year, down roughly $900 billion from last year when the coronavirus pandemic led Congress to provide historic amounts of financial aid.