Jennifer Epstein
ReporterJennifer Epstein is a reporter with Bloomberg News.
Jennifer Epstein is a reporter with Bloomberg News.
Kamala Harris will deliver a speech "to outline my vision for the economy." Donald Trump, meanwhile, is set to offer remarks in swing-state Georgia on a plan to lower taxes for U.S. business owners.
The department is reconsidering the IRS’s reliance on facial recognition software ID.me for access to its website.
The president described the passage of the bill a direct response to voters who handed his party defeats in state elections last week.
Top aides to the president are reaching out to senators to convey his enthusiasm for the agreement, a White House official said.
The $579 billion infrastructure deal is a win, yet the bipartisan plan faces hurdles in Congress that reflect challenges to the president's broader economic agenda.
The cost of the expenditures would be offset by a variety of revenue-raising provisions, including stronger enforcement of tax collections from the wealthy.
The president and Republican congressional leaders see a narrow opening for compromise on infrastructure spending yet significant obstacles remain, particularly on tax increases.
'It doesn't have to be exactly' 28 percent, the president said, in a signal that a final package could well have a lower rate.
President Joe Biden’s coming proposal to ramp up the capital gains tax would hit both individuals earning $1 million and married couples filing jointly earning the same amount, according to a White House official.
The administration views GOP attacks on its proposal to use corporate tax hikes to pay for a vast infrastructure program as a losing argument in the battle for public opinion.