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Biden whispers it's 'not right' billionaires don't pay more in taxes, blames Trump for 'fiscal mess'

The commander-in-chief was addressing Americans from the White House after unveiling his $5.8 trillion spending plan for the next fiscal year, which includes policy aims from the dead Build Back Better plan. ....

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Protecting the vulnerable comes with added nuance in new COVID-19 phase

The new phase of the country’s COVID-19 response, easing pandemic restrictions, is once again drawing attention to those most vulnerable to the coronavirus as states and the Biden administration adopt more relaxed, endemic-focused guidelines. ....

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Ukraine crisis adds pressure to spending talks

Pressure is ratcheting up on congressional negotiators to finalize talks for a sprawling government funding package by a looming shutdown deadline next week, as lawmakers on both sides of the aisle advocate for emergency aid for Ukraine in response to Russia’s ongoing invasion. ....

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Joint Statement by Secretary of the Treasury Janet L. Yellen and Acting Director of the Office of Management and Budget Shalanda D. Young on Budget Results for Fiscal Year 2021

Joint Statement by Secretary of the Treasury Janet L. Yellen and Acting Director of the Office of Management and Budget Shalanda D. Young on Budget Results for Fiscal Year 2021
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Joint Statement By Secretary Of The US Treasury Janet L. Yellen And Acting Director Of The Office Of Management And Budget Shalanda D. Young On Budget Results For Fiscal Year 2021

<p><span>U.S. Secretary of the Treasury Janet L. Yellen and White House Office of Management and Budget (OMB) Acting Director Shalanda D. Young today released the final budget results for fiscal year (FY) 2021. The deficit in FY 2021 was $360 billion less than in the prior fiscal year, reflecting an improved economy due in part to the American Rescue Plan Act of 2021 (ARP) and COVID-19 vaccination rollout. The 2021 deficit was $897 billion less than forecast in the President’s 2022 Budget and $342 billion less than estimated in the 2022 Mid-Session Review. </span><span> As a percentage of gross domestic product (GDP), the deficit was 2.6 percentage points lower than in the previous year. </span><span> The FY 2021 deficit was $2.8 trillion.</span></p> ....

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