February 22, 2024

Spending

What we know so far about the Democrats’ big spending proposals | Nation & World News

Democrats in Congress are pushing ahead with a sweeping multi-trillion-dollar 10-year spending plan that marks the latest step in their drive to expand education, health care and childcare support, tackle the climate crisis and make further investments in infrastructure.

Thirteen House committees are crafting the legislation that will make up the massive package in coming days, with a target of submitting detailed bills by September 15. Democratic leaders hope to hold a floor vote later this month.

Party leaders are hoping to use the annual budget process to push through a major broadening of the nation’s social safety net envisioned

Deloitte: Back-To-School Spending To Reach Highest Level In Years

Deloitte’s 2021 Back-to-School Survey*, found that back-to-school spending at Kindergarten through 12th grade (K-12) will grow 16 percent this year, reaching its highest level in recent years as clarity surrounding the upcoming school year and consumer sentiment rise.

Deloitte joins a chorus of others forecasting a strong rebound in back-to-school selling. In a separate survey, Deloitte found a more modest recovery for back-to-college spending, up 5 percent.

The overall outlook heading into the fall is bright, with 55 percent of K-12 parents and 46 percent of college parents more confident about the economy (up from 17 percent and 14 percent