WATCH: White House holds news briefing as Democrats work to resolve final budget disputes
Biden had planned to leave mid afternoon for his home in Delaware but as of Friday evening, he remained at the White House in hopes of a congressional vote.
Senate Democrats unveil $3.5 trillion budget for social, climate efforts
The measure lays the groundwork for legislation later this year that over a decade would pour mountains of federal resources into health care, education, family services and environmental programs, as well as tax breaks for families.
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Brooks and Capehart on Indigenous boarding schools, Biden budget, child tax credit
New York Times columnist David Brooks and Washington Post columnist Jonathan Capehart join Judy Woodruff to discuss the week in politics, including the assimilation of Indigenous students in Indian boarding schools, President Joe Biden's budget plan, the child tax credit,…
CBO projects federal deficit will hit $3 trillion this year
In an updated forecast Thursday, the CBO said the deficit for the current 2021 budget year, which ends Sept. 30, will be the second-largest in history, coming in shy of last year's record shortfall of $3.13 trillion.
Director Christopher Wray testified on the FBI budget on Wednesday.
The whopping deficit projections are being driven by Biden's costly plans for infrastructure and social spending, along with major new investments in domestic Cabinet agencies.
The Senate will vote Feb. 4 on an amended Congressional budget resolution for the next fiscal year, paving the way to pass a Democratic COVID-19 relief bill with a simple majority vote.
The final vote was 84-13, mirroring a similarly overwhelming margin in the House that, if maintained in both chambers, would be enough to override a potential veto.
The 1.82 trillion-euro ($2.21 trillion) seven-year budget and recovery package is vital for virus-battered European economies. Hungary and Poland had threatened to veto it over a move to tie the use of EU funds to upholding the rule of law.
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