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Tag: spending

Canada budget rolls out post-pandemic spending plan ahead of likely election

Canada’s Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland pose for a picture holding the budget on Parliament Hill in Ottawa, Ontario, Canada, April 19, 2021. REUTERS/Patrick Doyle April 19, 2021 By Julie Gordon OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau’s government on Monday lined up billions in new spending to provide emergency […]

In the States, COVID Spending Heads Off to the (Robo-Dog) Races

One robot dog armed with a thermometer: $150,000. Forty all-terrain vehicles, five utility terrain vehicles, and 18 utility trailers: $626,000. Using public funds earmarked for coronavirus relief to buy these items: priceless. That’s just a fraction of supposedly COVID-related spending by a single police department, in Honolulu, Hawaii. But it hints at what authorities will […]

US Spending Tens of Millions Per Week on Unaccompanied Minors

President Joe Biden’s administration is spending roughly $60 million a week to shelter illegal immigrant children who cross into the country from Mexico. Known as unaccompanied children, caring for the minors has driven the price tag for immigration-related expenses up sharply as U.S. officials grapple with the surge that some experts and Republicans say stems […]

Investors worry about economic uncertainty created by Biden’s elevated spending

FILE – In this Nov. 16, 2020 file photo a man wearing a mask passes the New York Stock Exchange in New York. Stocks are wavering in early trading on Wall Street, holding the market near record highs it set earlier in the week. The S&P 500 edged up 0.1% early Wednesday, April 7, 2021, […]

Biden’s budget deficit hits record $1.7T as spending soars

An exterior view of the building of U.S. Department of the Treasury is seen on March 27, 2020 in Washington, D.C. (Photo by OLIVIER DOULIERY/AFP via Getty Images) OAN NewsroomUPDATED 6:22 PM PT – Monday, April 12, 2021 U.S. federal budget deficit hit a record high amid elevated spending and slow GDP recovery by the […]

Biden proposes $1.5T federal budget, increasing non-defense spending

Joe Biden listens during an event on gun control in the Rose Garden at the White House April 8, 2021 in Washington, DC. (Photo by Alex Wong/Getty Images) OAN NewsroomUPDATED 3:43 PM PT – Friday, April 9, 2021 The Biden administration released its budget proposal for 2022, which will provide a 16 percent boost to […]

Biden Asks for $1.5 Trillion In First Budget Request, Including 16 Percent Domestic Spending Boost

President Biden on Friday asked Congress to authorize a $1.52 trillion federal spending plan for 2022, which gives a sense of his administration’s priorities, calling for a 16 percent increase in funding for non-defense domestic programs and a relatively flat 1.7 percent increase for defense. Biden’s first discretionary spending request, detailed in a blueprint (pdf) […]

U.S. spending, limited supply leads to increased prices

FILE – In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. (Al Drago/The New York Times via AP, Pool) OAN NewsroomUPDATED 9:23 PM PT – Thursday, April 8, 2021 While speaking at the International Monetary Fund and World Bank spring […]

U.S. spending, limited supply leads to increased prices

FILE – In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. (Al Drago/The New York Times via AP, Pool) OAN NewsroomUPDATED 9:23 PM PT – Thursday, April 8, 2021 While speaking at the International Monetary Fund and World Bank spring […]

Overview of All Proposed Spending in Biden’s Infrastructure Plan

From traditional projects like roads and bridges to climate initiatives and programs outside the traditional infrastructure scope, President Joe Biden’s plan is an ambitious package he will try to pass through a nearly evenly split Congress in the coming months.   Biden said the plan will invest about $2 trillion this decade. He dubbed his proposal […]