Biden fires starting gun in budget battle |
President Biden is set to release his budget proposal for the coming year on Thursday, headlined by protections for Medicare to the tune of $2 trillion in tax hikes over the next decade on people making $400,000 or more. Biden has pounced on the Medicare-saving plan as a key issue in the coming year, even making it a focal point of his State of the Union address last month. Philadelphia Freedom: Biden's leaving D.C. to formally unveil his spending plan at an event in Philadelphia, putting his push to shore up Medicare front-and-center in a swing state that was crucial to his success in 2020 and for Democrats keeping control of the Senate in 2022. Why it matters: The president's budget outline essentially serves as a wish list as Congress kicks off its own debate over federal spending priorities. With a divided government — Republicans controlling the House and Democrats the Senate — the president won't get everything he wants. But it comes ahead of Biden's anticipated 2024 reelection campaign announcement, teeing up his priorities to showcase to voters. More money woes: Biden already finds himself in a crucial fiscal fight with conservatives as lawmakers weigh proposals to raise the debt ceiling. The White Houses wants the debt limit to be independent of broader spending proposals, while the newly-bolstered House GOP is pushing for some budget reforms. What Republicans say: GOP lawmakers already have taken aim at Biden's plan. But as The Hill's Emily Brooks and Aris Folley reported earlier this week: Even Republicans can't agree on just one proposal. |
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Welcome to Evening Report! I'm Elizabeth Crisp, catching you up from the afternoon and what's coming tomorrow. Not on the list? Subscribe here. |
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🚘 Tesla under investigation after steering wheels fall off
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Tesla is under a new federal investigation after a number of reports that vehicle steering wheels have fallen completely off while people were driving. The National Highway Traffic Safety Administration opened a probe last week into the company, according to the filing, saying it was made aware of two instances of 2023 Model Y vehicle steering wheels suffering "complete detachment" while driving because of a missing retaining bolt. The department said it was opening an investigation to "assess the scope, frequency, and manufacturing processes associated with this condition." The filing, dated Saturday, said the evaluation applies to more than 120,000 cars. |
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🗣️ Aguilar: 'Communication could've been better' from White House on DC crime resolution
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House Democratic Caucus Chair Pete Aguilar (D-Calif.) says the White House's communication on the disapproval resolution for the Washington, D.C., crime bill "could've been better."
The comments from Aguilar, the No. 3 House Democrat, come roughly one week after President Biden indicated he would sign the GOP-led measure to block the District's revised criminal code, an announcement that surprised and angered some House Democrats who had already voted based on the administration's previous position opposing the resolution.
The Senate is set to pass the measure with bipartisan support, officially sending it to Biden's desk.
"I think that the communication could've been better from down the street at Pennsylvania [Avenue]," Aguilar told reporters during a news conference in the Capitol. "I've said that I was disappointed, that holds true."
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💰 House Conservatives offer 'policy menu' for debt talks
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The Republican Study Committee — the largest conservative caucus in the House — has released a "policy menu" of possible- spending reforms that they are seeking in the ongoing fight over raising the federal debt ceiling. The memo, sent to members of the group on Wednesday and first shared with The Hill, adds more details to the seven priorities previously endorsed by the RSC's steering committee. The White House and Democrats have so far resisted agreeing to concessions to get GOP votes needed to prevent a federal default. |
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🎖️ Army unveils rebranding campaign amid recruiting challenges
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The U.S. Army has unveiled a new campaign in an attempt to bolster recruiting efforts as the military struggles to attract younger generations. The Army's latest recruitment effort is aimed the argument that an Army career leads to self-discovery and limitless possibilities. The new campaign includes a return of the Army catchphrase "Be All You Can Be," with a fresh look. |
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📈 Why 'sky-high' job openings are boosting pressure on the Fed
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Following a robust January jobs report and eight consecutive interest rate hikes by the Federal Reserve, the U.S. job market is still punching above its weight and pushing the central bank toward faster rate hikes.
This week's job openings and labor turnover survey from the Labor Department's Bureau of Labor Statistics found there were 10.8 million job openings in the economy at the end of January — a downtick from 11 million the month prior but still higher than the 10.6 million openings that analysts had been predicting.
The Hill's Tobias Burns and Karl Evers-Hillstrom break down what is happening in the economy and why the Fed keeps raising rates. |
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🛳️ More than 300 fall ill on Princess cruise ship
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More than 300 people aboard a recent trip on the Ruby Princess cruise ship, part of the Princess Cruises lines, became sick on a round-trip voyage to the Caribbean and Mexico that departed from Galveston, Texas, late last month, according to the the Centers for Disease Control and Prevention (CDC). There were a total of 2,881 people onboard the ship, including 1,159 crew members. The affected passengers and crew had symptoms of vomiting and diarrhea, but the cause hasn't yet been identified, the CDC said. Princess Cruises has said the "likely" cause was norovirus, a type of contagious virus. |
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'Actually, the US can default on its debt' — American Enterprise Institute senior fellow Desmond Lachman. (Read here) "The "Havana Syndrome" mystery and its impact aren't over" — Douglas London, retired senior CIA operations officer, Georgetown professor and Middle East Institute fellow. (Read here) |
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1 day until President Biden unveils his budget proposal. 608 days until the presidential election. |
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2:30 p.m.: President Biden discusses his federal budget proposal during an event in Philadelphia. The event will be streamed online at the White House website. 9 a.m.: House Homeland Security holds a hearing on "Confronting Threats Posed by the Chinese Communist Party to the U.S. Homeland." 10 a.m.: Senate Environment holds a hearing on the effects of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio. Hearing will feature Norfolk Southern CEO Alan Shaw and EPA officials, among others. |
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