Biden's $5.8 trillion budget proposal geared toward moderates in difficult year
CBSN
More than a list of numbers, President Biden's budget documents what he'd most like to accomplish this year, and it offers a glimpse into how his administration plans to confront some of the bracing political realities he faces right now.
His $5.8 trillion proposal is coming up against the headwinds of a divided Congress, high inflation, low presidential approval ratings and midterm elections that threaten Democratic majorities in the House and Senate later this year.
"What he faces this particular year is very daunting" — since Democrats are the "odds-on favorite to lose the majority in at least the House, and quite possibly, the Senate," said Mark Harkins, a senior fellow at Georgetown University's Government Affairs Institute.
More employees of the Environmental Protection Agency were informed Wednesday that their jobs appear in doubt. Senior leadership at the EPA held an all-staff meeting to tell individuals that President Trump's executive order, "Ending Radical and Wasteful Government DEI Programs and Preferencing," which was responsible for the closure of the agency's Diversity, Equity, and Inclusion office, will likely lead to the shuttering of the Office of Environmental Justice and External Civil Rights as well.
In her first hours as attorney general, Pam Bondi issued a broad slate of directives that included a Justice Department review of the prosecutions of President Trump, a reorientation of department work to focus on harsher punishments, actions punishing so-called "sanctuary" cities and an end to diversity initiatives at the department.
The quick-fire volley of tariffs between the U.S. and China in recent days has heightened global fears of a new trade war between the world's two largest economies. Yet while experts think the battle is likely to escalate, they also say the early skirmishes offer hope for an agreement on trade and other key issues that could head off a larger conflict.