The White House on Friday sent Congress a $6 trillion budget plan that would ramp up spending on infrastructure, education and combating climate change, arguing it makes good fiscal sense to invest now, when the cost of borrowing is cheap, and reduce deficits later.
That's the message coming from the White House on Friday, after it unveiled a $6 trillion budget proposal that would ramp up spending on infrastructure, education and combating climate change, arguing it makes good fiscal sense to invest now, when the cost of borrowing is cheap, and reduce deficits later.
The first comprehensive budget offered by Democratic President Joe Biden faces strong opposition from Republican lawmakers, who want to lower government spending and reject his plans to hike taxes on the rich and big corporations.
Biden's plan for fiscal year 2022 calls for just over $6 trillion in spending and $4.17 trillion in revenues, a 36.6% increase from 2019 outlays, before the coronavirus pandemic bumped up spending.
It projects a $1.84 trillion deficit, a sharp decrease from the past two years because of the pandemic.
Biden's $715 billion defense budget includes a 2.7% pay raise for troops and shifts billions in spending from old systems to help pay to modernize the nuclear arsenal to deter China.
White House officials said tax increases would start to chip away at deficits after 2030.
Republican opposition to Biden's push to spend more to revamp the U.S. economy is growing, as they argue it could fuel inflation and impact corporate competitiveness.
Republican U.S. Senator John Barrasso of Wyoming, said, quote: "President Biden's budget is a recipe for mounting debt and crippling deficits.
This bloated $6 trillion proposal would take our nation to its highest levels of spending and debt since we fought World War II." U.S. House Speaker Nancy Pelosi, however, welcomed the proposal, saying: "A federal budget should be a statement of our national values.
President Biden's budget is an unequivocal declaration of the value that Democrats place on America's workers and middle-class families, who are the foundation of our nation's strength and the key to Build Back Better."
Barack Obama thinks President Joe Biden's chances at a second term are fading fast, and he should drop out of the race ... but, interestingly, he's not saying it.. TMZ.com
Pressure is building on Joe Biden to end his re-election campaign after it emerged former president Barack Obama told allies his path to victory has greatly.. Sky News
As pressure mounts on Biden to drop his re-election campaign, he revealed that he tested positive for COVID-19 before cancelling his speech for an event in Las Vegas.
Credit: euronews (in English) Duration: 01:14Published
President Joe Biden, 81, tested positive for Covid-19 during a Las Vegas campaign trip. He's experiencing mild symptoms and will self-isolate in Delaware. This health setback comes amid mounting pressure from fellow Democrats urging him to withdraw from the 2024 presidential race, citing age concerns and electability issues. Recent polls show significant numbers of Democratic and independent voters believe Biden should step aside.
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Ukrainian President Volodymyr Zelensky expresses confidence amidst concerns over Donald Trump potentially returning to the White House. He asserts that Republicans will continue their support, citing their respect for Ukraine and its leadership. Learn more about Zelensky's stance and the implications for US-Ukraine relations in this video.
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Donald Trump's doctor says the ex-Prez had a good part of his ear blown clean off when he got shot -- but surprisingly, he insists DT ain't gonna need to go.. TMZ.com
When asked about the upcoming election in the United States, James Murray emphasised the importance of working on relationship between the UK and US which is ''more important than any individual person''. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
There's a presidential conspiracy coming out of the White House ... about the leader of the free world taking extra steps to keep their feces a secret ... and.. TMZ.com
US authorities boosted Trump's security weeks ago due to an Iranian plot, unrelated to the recent Pennsylvania attack. Despite enhanced measures, questions arise about how the gunman got so close. The incident prompts a Biden-ordered review and Congressional probes into the Secret Service. Iranian threats against Trump and former officials persist since Soleimani's 2020 assassination.
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Union education minister Dharmendra Pradhan confirmed that Delhi University's vice-chancellor, Yogesh Singh, rejected a proposal to include Manusmriti in the LLB.. IndiaTimes
Oscar-winning actor, producer and prominent Democratic Party fundraiser George Clooney wrote an op-ed published in The New York Times Wednesday praising President Biden, but arguing that Democrats need a new nominee and calling for Mr. Biden to exit the 2024 race hours after senior Democrat Nancy Pelosi swerved questions about whether he should continue. Clooney wrote in The New York Times that it was "devastating to say it" but the Biden he met at a fundraising event three weeks ago was not the "'Joe 'big ****ing deal' Biden of 2010. He wasn't even the Joe Biden of 2020."
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President Biden suggested Kamala Harris "could be president," amid calls for him to step aside. He attacked Trump's presidency and policies, despite recent pleas to lower campaign tensions. Biden outlined second-term plans, including voting rights legislation. Democrats plan to nominate Biden virtually, but some party members push for his retirement, citing cognitive concerns. Twenty House Democrats and one senator have requested Biden step down.
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Republican Presidential Candidate Donald Trump has chosen former critic JD Vance as his vice-presidential nominee. Vance, a 39-year-old Ohio Senator and author, was confirmed as VP pick by RNC delegates.
Despite past criticisms of Trump, Vance has become a strong supporter. After winning his Senate seat with Trump's endorsement in 2022, Vance is now attacking Joe Biden, calling him an "incapacitated president" and accusing Democrats of lying about Biden's health.
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Donald Trump supporters are wearing pretend ear bandages to the Republican convention in solidarity with him after an assassination attempt on the former.. Sky News
JD Vance hailed Donald Trump as America's "best hope" as he spoke about his difficult upbringing in an impoverished part of Ohio during his first speech as.. Sky News
Donald Trump's presidential campaign once profiled the father of attempted assassin Thomas Matthew Crooks ... identifying the guy as a strong Republican who was.. TMZ.com
US officials claim that Iran wants to Kill former President Donald Trump before the November election, Politico reported on Tuesday. The Republican nominee survived an attempt on his life last week. It was not an Iranian plot, two senior officials told the outlet, but other acts of violence may come within weeks, they claimed. The prediction is based on assessments by the US intelligence community, which is increasingly confident about Iran’s intentions, according to the sources.
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Former US President Donald Trump made a grand entrance at the Republican National Convention (RNC) at the Fiserv Forum on Monday, a move that highlighted his ongoing influence in the political arena. However, notable by her absence was his wife, Melania Trump, who has maintained a low profile throughout the 2024 campaign cycle. Trump was accompanied by several family members, including Donald Trump Jr., Kimberly Guilfoyle, Eric Trump, Lara Trump, and Tiffany Trump. Missing from the event were his youngest son, Barron Trump, and his daughter Ivanka Trump, the latter having distanced herself from the political scene since her tenure in his administration.
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Prime Minister Shri Narendra Modi paid tributes at the ‘Tomb of the Unknown Soldier’ in Moscow today. He also laid a wreath at the Tomb. The ‘Tomb of the Unknown Soldier’ is a war memorial located at the Kremlin wall, Moscow. It is dedicated to the Soviet soldiers who lost their lives during World War II.
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On Tuesday, a series of events are lined up for PM Modi. His day will commence with a Community Event, followed by a wreath-laying ceremony at the 'Tomb of the.. IndiaTimes
A significant maritime incident occurred on Monday, intensifying tensions between China and the Philippines. A collision between a Chinese Coast Guard vessel and a Philippine navy boat has led to conflicting narratives from the two nations, highlighting the ongoing territorial disputes in the region. The collision took place as the Philippine naval vessel attempted a resupply run to the BRP Sierra Madre, an antiquated tank landing vessel grounded intentionally on the Second Thomas Shoal since 1999. This vessel, originally constructed for the US Navy during World War II, now serves as a critical outpost for the Philippine military.
#SouthChinaSea #MaritimeDispute #Philippines #China #ShipCollision #TerritorialConflict #BRPSierraMadre #SecondThomasShoal #CoastGuard #Navy #Geopolitics #RegionalTensions #InternationalRelations #FreedomOfNavigation #SouthEastAsia
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The US-led campaign to protect Israeli interests in the Red Sea has escalated into the "most intense" running sea battle the Navy has faced since World War II. According to an AP report quoting American military commanders and experts, the US Navy has been engaged in relentless naval operations against Yemen’s Armed Forces for over seven months. Commanders warn that the situation is extremely perilous, with daily attacks from Yemen’s Ansarullah movement, including missiles and drones, in the Red Sea, Gulf of Aden, and Bab el-Mandeb Strait. This video covers the current state of the conflict, the challenges faced by the US Navy, and the broader implications for regional stability.
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CNN’s Sunlen Serfaty speaks with voters in Virginia to gauge their responses to President Joe Biden’s multi-trillion dollar infrastructure and jobs plans.