Economy

Bernie Sanders is already gearing up to see Democrats' social-spending package 'strengthened', calling for taxes on the wealthy, lower prescription drug prices, and climate reform

18 days ago   |   By Business Insider

Senate Budget Committee Chairman Bernie Sanders talks to reporters outside the White House. Chip Somodevilla/Getty Images
On Friday, the House finally passed Biden's $2 trillion social spending package after an all-night vote.
Now, the bill heads to the Senate, where it'll likely be reshaped before becoming law.
Sen. Bernie Sanders wants to include progressive priorities like taxes on the rich, lower drug prices, expanded Medicare, and climate crisis measures.
After an all-night session, the House finally passed President Joe Biden's $2 trillion party-line social spending bill. The next...
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8 million student-loan borrowers could lose out on wages and child tax credits when payments resume in 2 months. Elizabeth Warren wants Biden to ensure that won't happen

18 days ago   |   By Business Insider

Sen. Elizabeth Warren. Evelyn Hockstein-Pool/Getty Image
Sen. Warren requested student-loan borrowers in default be automatically returned to good standing.
8 million borrowers are behind on payments, causing wage garnishment and child tax credit seizure.
Warren wants the Education Dept. to act before student-loan payments resume on Feb. 1.
When the pause on student-loan payments ends in 74 days, 8 million borrowers will re-enter the system already behind on their bills. Massachusetts Sen. Elizabeth Warren wants to make sure they don't lose out on wages and child tax credits as punishment...
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House Democrats pass Biden's $2 trillion bill with child allowance and social benefits, sending it to the Senate where Manchin may still sink it

18 days ago   |   By Business Insider

Speaker of the House Nancy Pelosi talks to reporters during her weekly news conference. Chip Somodevilla/Getty Images
House Democrats passed Biden's $2 trillion social spending bill Friday morning.
Democratic infighting nearly killed the legislation multiple times, then an eight-hour speech by GOP leader Kevin McCarthy prevented a Thursday night vote.
Now it heads to the Senate, where Joe Manchin could still delay the bill - or tank it completely.
House Democrats passed a $2 trillion social spending bill carrying the bulk of President Joe Biden's economic agenda on Friday morning...
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