On March 15, 2023, the Senate Committee on the Budget held a hearing on the President's FY24 budget proposal. Shalanda Young, the Director of the Office of Management and Budget (OMB), was the sole witness. In the current environment with a looming debt ceiling, there was a clear divide in priorities between Chairman Whitehouse [D-RI]
On March 16, 2023, the Senate Finance Committee hosted a full hearing with Treasury Secretary Janet Yellen regarding Biden’s Fiscal Year 2024 Budget. The hearing additionally took place days after the collapse of Silicon Valley Bank and Signature Bank, which inflicted federal regulators to close the banks to preserve public confidence in the U.S. banking
On March 13, 2023, the Department of Justice held the Fiscal Year 2024 President’s Budget Rollout Stakeholders Briefing. Associate Attorney General Vanita Gupta delivered the opening remarks. Jolene Lauria, the Deputy Assistant Attorney General, summarized the budget allocated to the DOJ. The DOJ will have $5 billion to allocate towards state and local assistance and
The Urban Institute hosted a webinar on March 7, 2023, that reviewed their recent research report on Education and Training Vouchers (ETVs). The report highlights the various barriers that prevent youth in foster care from attending higher education and ultimately had a sample inclusion of over 125,000 young people (ages 16 and above) in foster
The Institute on Taxation and Economic Policy (ITEP) released a new report exploring the impact of President Biden’s Child Tax Credit proposal. ITEP estimates that 55 million children would be impacted by the expansion and that millions would be lifted out of poverty. Under the American Rescue Plan Act, the temporary expansion of the CTC
On Thursday, March 9, 2023, President Biden released his budget. It was a partial release with more details to be released this week. CWLA will have a more complete review later this week. Overall, the Administration proposes increases in the human services areas of the budget and medical services while proposing a projected reduction in
On March 10th, 2023, the House Ways and Means Committee hosted a hearing with Treasury Secretary Yellen about President Biden’s budget, released the day prior. The hearing, which lasted more than three hours, was an opportunity for the new majority party to press the Secretary on many of the fiscal policies of the Biden Administration
On March 8, 2023, the Senate Banking, Housing, and Urban Affairs committee held a hearing to address the current homelessness crisis. Housing affordability has been a longstanding issue, and emergency efforts during the pandemic helped significantly reduce the number of homeless people. However, this funding has now expired, and the homelessness crisis is yet again
Congress was back from recess last week and the Appropriations Committees have hit the ground running, particularly in the House, where the deadline for members to submit their requests is March 24th, 2023. This week, in anticipation of the release of the President's budget on Thursday, March 9th, 2023, the House Appropriations Committee will hold
The Center for Law and Social Policy (CLASP) and the Community Partnership Group published their priorities for the reauthorization of the FARM Bill and a guide for how this Congress must reshape SNAP policies. Currently SNAP policies “...focu[s] too narrowly on individual choice and behavior…rather than eradicating the underlying causes of poverty and hunger.” Their