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. As...
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 less than $400,000 a year would pay a dime more in taxes, under Biden’s plan. President Joe Biden on...
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. Speaking at a recreation center in Virginia last week, President Biden asserted that...
Biden’s blueprint includes several recently passed laws which are expected to create millions of good-paying jobs—including many that don’t require a college degree—in construction, manufacturing, and other sectors. Too many American families and communities have...
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...