budget News Updates

Government, Business, Equipment, Safety, Logistics

DOT Gets Funding Increase in $1.7 Trillion Federal Budget

The spending budget for the federal government’s fiscal 2023 includes an increase in funding for the Department of Transportation that is higher than the level requested by the White House.

December 28, 2022
Government, Business, Technology, Safety, Fuel

Congress Eyes Finish Line for Freight-Centric Budget Bill

Debate on a multibillion-dollar budget bill targeting supply chain connectivity concerns, clean energy initiatives and economic incentives remains front-and-center on Capitol Hill.

August 11, 2022
Government

Congress Kicks Off Budget Season as White House Responds to Fuel Prices

The leadership of federal agencies will visit Capitol Hill over the next few weeks to defend their slice of the White House’s far-reaching budget plan.

April 13, 2022
Government, Business

Biden Pitches $5.8 Trillion Plan With Record Tax Hike

President Joe Biden’s budget release on March 28 is shaping up as a direct appeal to moderate Democrats, emphasizing deficit reduction and flexibility on social spending as the White House hopes to win support for new legislation before November’s midterm elections.

March 28, 2022
Government, Business

Biden Economic Bill Pushed to 2022 Amid Democrats’ Discord

Senate Democrats are abandoning efforts to pass President Joe Biden’s $2 trillion economic agenda this year, delivering a political blow to the White House, which has failed to rally the fractious party around its signature legislation.

December 16, 2021
Government, Business

Key Lawmakers Reach Stopgap Spending Deal to Avert Shutdown

House Democrats released a bipartisan short-term spending bill to keep the government open after midnight Dec. 3 and plan to put it to a House vote later Dec. 2.

December 2, 2021
Government, Business

US Budget Deficit Eases to $165 Billion in October

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.

November 10, 2021
Government, Business

Biden Focuses on Climate, Families in Trimmed $2 Trillion Plan

WASHINGTON — Scaling down his Build Back Better plans, President Joe Biden on Oct. 19 described a more limited vision to Democratic lawmakers of a $2 trillion government-overhaul package with at least $500 billion to tackle climate change and money for middle-class priorities — child tax credits, paid family leave, health care and free pre-kindergarten.

October 19, 2021
Government, Business

Big Pressure on Biden, Dems to Trim $3.5T Federal Overhaul

WASHINGTON — Pressure mounting, President Joe Biden and Democrats in Congress strained Sept. 28 to trim back his $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes.

September 28, 2021
Government, Business

Biden: Budget Talks Have Hit ‘Stalemate’

WASHINGTON — President Joe Biden said Sept. 24 that talks over his $3.5 trillion rebuilding plan have hit a “stalemate” in Congress as he made the case for his expansive effort to recast the nation’s tax and spending programs and make what he sees as sweeping, overdue investments.

September 24, 2021