budgets
Washington (AFP) - The Republican party on Saturday revealed an unconventional temporary plan to fund the US government, with little room to maneuver it through a deeply divided Congress just days ahead of a potential shutdown. Mike Johnson, the new Speaker of the House of Representatives, said the two-part move was "a necessary bill to place House Republicans in the best position to fight for conservative victories." US media reported that unusual play would see some bills needed to keep the government open passed via a short-term bill until January 19, while the rest would be rolled over unt...
AFP
Washington (AFP) - Manicured fingers meticulously place cash in transparent envelopes marked "food," "gas" and other categories, demonstrating in a TikTok video a retro technique for controlling what you spend that is newly popular with some money-conscious Americans. Returning to cash to control spending may be old fashioned, but in an era of high inflation, a growing number of consumers find that it works. Judia Griner, 25, started "cash stuffing" two years ago when she was a student at Old Dominion University in Virginia. Now, her TikTok account has more than 200,000 followers. "I was like,...
AFP
New York (AFP) - Warning of "difficult trade-offs" ahead of a feared fall Covid-19 wave, the Biden administration Friday urged Congress to approve $22.4 billion more to maintain key testing and vaccine programs. The request comes as the government readies a new fall initiative for Covid-19 vaccine boosters targeting the Omicron variant after US officials recommended Thursday new Pfizer and Moderna shots. Biden's request for more money faces an uncertain fate on Capitol Hill amid pandemic fatigue and elevated partisanship ahead of the midterm elections. Noting that a previous White House demand...
AFP
New York (AFP) - US Treasury Secretary Janet Yellen urged lawmakers to approve additional investments in renewable energy and higher taxes on the wealthy on Tuesday, as she defended the administration's efforts to blunt the impact of inflation. "I believe there's lot that Congress can do to ease the cost burdens that households are experiencing," Yellen told the Senate Finance Committee in the first of two days of testimony on President Joe Biden's budget for the 2023 fiscal year. Besides renewable energy investments -- which Yellen said could help address high gasoline prices -- the Treasury ...
AFP
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