The tentative deal represents a huge win for full- and part-time UPS Teamster workers, who would get significant pay raises and better working conditions. If approved by rank-and-file union members, the deal will also avert a strike that could have been one of the “costliest in US history.”
US Department of Labor Chief Economist Joelle Gamble explains what “Bidenomics” means and how the president’s investments are helping workers and the economy.
If the country defaults on its debt, millions of people would lose their jobs, retirement accounts would be decimated, Social Security payments could be delayed, Medicare and Medicaid benefits could be affected, and military members could see paychecks delayed.
Participants of the 2023 Rural Policy Action Summit spoke about how to expand resources for those in rural communities, among other topics.
Biden’s Budget Would Tax Billionaires, Corporations to Strengthen Medicare, Expand Child Care, and Help Families
Republicans immediately rejected Biden’s plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.
Biden’s plan would increase the Medicare tax rate on Americans earning above $400,000 from 3.8% to 5% to help keep Medicare solvent into the 2050s. No one earning under $400,000 a year would pay a dime more in taxes, under Biden’s plan.
GOP Plans Could Include Deep Cuts to Social Security, Medicare, Medicaid, and the Affordable Care Act
House Republicans want to apply deep cuts to everything from health insurance to food assistance benefits, an effort that would plunge millions more Americans into extreme poverty.
The debt ceiling is a numerical limit, set by Congress, on how much money the federal government can borrow to pay its bills. Increasing the debt ceiling is a routine congressional task, but Republicans want to hold it hostage to make cuts to Social Security and Medicare, even though failing to raise the limit would cause massive economic devastation.
House Republicans’ Agenda Focuses on Social Security Cuts and Sham Investigations—Not Working Families
Between Republicans’ economic agenda, spurious investigations, and threatened impeachments, the House is looking at a busy but unproductive year.
Under Democratic control, the federal government acted to lower healthcare and prescription drug costs; fight climate change and lower energy costs; invest in gun safety and mental healthcare; and implement a generational investment in American industry, manufacturing, and infrastructure.