An Overview of President Biden’s Budget Proposal
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An Overview of President Biden’s Budget Proposal

President Joe Biden recently released a $6 trillion budget proposal for fiscal year 2022. The budget proposal would raise total spending to $8.2 trillion by 2031. It includes a call to increase spending on infrastructure through the American Jobs Plan and includes the American Families Plan, which is meant to address child care, universal prekindergarten, and paid family and medical leave.

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Talks on Omnibus Spending Bill Between Chambers of Congress Begin
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Talks on Omnibus Spending Bill Between Chambers of Congress Begin

In the House and the Senate, initial talks for an omnibus appropriations bill have begun. The goal of these initial talks is to agree on top-line spending levels that will be included. Congress has until December 11, 2020 to fund the government and both Speaker of the House Nancy Pelosi (D-CA) and Senate Majority Leader Mitch McConnell (R-KY) have stated that they do not want another continuing resolution and would rather have an appropriations package ready to go.

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Senate Releases Spending Bills for Fiscal Year 2021
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Senate Releases Spending Bills for Fiscal Year 2021

Senate appropriators released all 12 of their fiscal year 2021 spending bills on the morning of November 10, 2020. Lawmakers have until December 11, 2020 to secure government spending and avoid a federal shutdown. Both Senate Majority Leader Mitch McConnell (R-KY) and Speaker of the House Nancy Pelosi (D-CA) have called for a new omnibus spending bill, which would fund all government agencies in a single large package, rather than another continuing resolution that only funds the government temporarily at previous levels.

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Avoidance of Government Shutdown Rests on Lame Duck Spending Deal
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Avoidance of Government Shutdown Rests on Lame Duck Spending Deal

As lawmakers approach the December 11, 2020 stopgap funding deadline, Speaker of the House Nancy Pelosi (D-CA) and Secretary of the Treasury Steve Mnuchin remain stuck on several issues relating to COVID-19 and funding of the government. If Congress and the White House are unable to reach another stopgap funding deal by December 11, then a partial government shutdown could occur.

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Bipartisan Group Sends Letter on Handling National Debt
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Bipartisan Group Sends Letter on Handling National Debt

A letter from Reps. Scott Peters (D-CA) and Jody Arrington (R-TX), signed by an additional 58 members of Congress, expresses a commitment to continuing to combat the COVID-19 pandemic and the economic downturn impacting millions of Americans but raises concern regarding the increases in national debt. The lawmakers urge leadership to include provisions for future budget reforms in any upcoming pandemic response legislation.

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