The White House has warned Congress that the United States is running out of resources to provide aid to Ukraine in its war against Russia. Without additional funding, the aid package will be depleted by the end of the year, leaving Ukraine vulnerable to further Russian aggression. Office of Management and Budget Director Shalanda Young urged Congress to act quickly to provide additional funding for the aid package.
Posts tagged as “Shalanda Young”
The Pentagon released a report on Thursday detailing China's increasing military power, including a potential intercontinental missile system and nuclear weapons arsenal. In response, President Joe Biden sent Congress a detailed request on Friday to spend $106 billion in the coming year to help Ukraine and Israel defend themselves and counter China in the western Pacific. The request is a sign of the Biden administration's commitment to countering China's military buildup.
House Republicans and the White House are in negotiations to raise the debt ceiling, but remain far apart in their discussions. House Speaker Kevin McCarthy is optimistic that a deal can be reached before the June 1 deadline, when Treasury Secretary Janet Yellen has said the nation will run out of money to pay its bills. Negotiators Steve Ricchetti, Shalanda Young and Louisa Terrell met with McCarthy Tuesday morning to resume talks, but Republican Rep. Garret Graves said the two sides are still far apart.
President Joe Biden and congressional leaders met at the White House on Tuesday to discuss the debt ceiling and the potential for a default. Negotiations between the White House and House GOP aides are building on "direct and productive" discussions from the week prior. If the debt ceiling is not raised, the government will be unable to borrow more money and will default on its debt, potentially leading to a recession.
Treasury Secretary Janet Yellen Rules Out Federal Bailout for Silicon Valley Bank Following Collapse
Treasury Secretary Janet Yellen Rules Out Federal Bailout for Silicon Valley Bank Following Collapse
Treasury Secretary Janet Yellen has ruled out a federal bailout for Silicon Valley Bank following its collapse, and Shalanda Young, the director of the White House Office of Management and Budget, has stressed that the US banking system is more resilient now due to reforms. Rep. Ro Khanna of California has urged the Biden administration to take "decisive action" to protect depositors and ensure access to accounts Monday morning.
President Joe Biden has released his third budget proposal, which includes an increase in the Pentagon budget and funding for crime prevention. The White House believes that crime prevention should be a bipartisan effort, and the budget proposal will give insight into how the President plans to address the national debt and the unsustainable path of Medicare and Social Security. Director of the Office of Management and Budget, Shalanda Young, said that President Biden is sensitive to the size of the national debt and is looking for areas of agreement between the White House and congressional Republicans.
President Joe Biden has unveiled a budget blueprint that would increase spending on education, health care, and infrastructure, while avoiding cuts to popular programs such as Social Security and Medicare. The proposal is largely symbolic, but it shows that Democrats can be fiscally responsible and invest in the American people without cutting programs that are essential to them. Republicans have suggested they would balance the budget by slashing spending, but budget experts have said this is impossible.
The White House has issued guidance to all federal agencies to remove the Chinese-owned social media app TikTok from all government-issued devices within 30 days. This follows a bill passed at the end of last year requiring federal agencies to remove the app due to security concerns. Within 90 days, agencies must include in contracts that the app cannot be used on devices and must cancel any contracts that necessitate its use.