MoreBack to News Headlines


Biden set to announce $200 billion for universal pre-K in sweeping new proposal
CNN
President Joe Biden is set to announce $200 billion in education funding as part of his sweeping spending package he will unveil prior to his prime-time address to a joint session of Congress, according to a White House official.
The proposal will direct the funds toward universal pre-school for all three- and four-year-olds through a national partnership with states, the official said. The White House estimates it will benefit 5 million children and save the average family $13,000 when the plan is fully implemented. The proposal marks a key plank of Biden's roughly $1.8 trillion American Families Plan, the second prong of his sweeping $4 trillion in spending on physical infrastructure, research and development, home care, child care, paid family and medical leave and extensions of key anti-poverty tax credits.More Related News

Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented, multi-pronged assault over Powell’s refusal to lower interest rates.