President Joe Biden's upcoming spending plan will push the record US national debt even higher but not beyond the country's means, Treasury Secretary Janet Yellen says
President Donald Trump, who sought in his budget proposal last year to slash foreign aid, will propose cutting billions of dollars in US foreign aid in his fiscal 2021 budget according to Reuters.
The monthlong spending bill would avert a Thanksgiving government shutdown but opens the door to a possible shutdown just before Christmas.
Congressional negotiators agree "in principle" to prevent another bruising government shutdown. The new terms include far less money for President Donald Trump's border wall than the White House's $5.7 billion wish list.
The bill which President Trump has yet to approve, sees an $80 billion increase on military spending. But the cuts are not enough to forestall an $800-billion budget deficit for the year.
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