Sumary of As G.O.P. Digs In on Debt Ceiling, Democrats Try Shaming McConnell:
- 2, Treasury reset the debt limit to $28.4 trillion, and the government crashed through it days later, less than seven months into President Biden’s term.
- Mr. McConnell would like Democrats to add a debt ceiling increase to the social policy bill, which is being drafted under budget rules that would allow it to pass with 51 Senate votes.
- Democratic leaders are likely to attach a debt ceiling increase to an emergency spending bill that includes funding for Hurricane Ida reconstruction, wildfire management and Afghan refugee resettlement;
- Biden’s 2022 BudgetThe 2022 fiscal year for the federal government begins on October 1, and President Biden has revealed what he’d like to spend, starting then.
- But any spending requires approval from both chambers of Congress.
- Families plan: The budget also addresses the other major spending proposal Biden has already rolled out, his American Families Plan, aimed at bolstering the United States’ social safety net by expanding access to education, reducing the cost of child care and supporting women in the work force.
- Mandatory programs: As usual, mandatory spending on programs like Social Security, Medicaid and Medicare make up a significant portion of the proposed budget.
- Discretionary spending: Funding for the individual budgets of the agencies and programs under the executive branch would reach around $1.5 trillion in 2022, a 16 percent increase from the previous budget.