House Budget Panel Advances Biden’s Giant Tax and Spending Bill

The House Budget Committee advanced a draft version of President Joe Biden’s signature tax and social spending measure, a milestone ahead of possible votes on the floor of the chamber next week.

Lawmakers voted 20-17 in a mostly party-line ballot to move the bill forward during a rare weekend meeting.

Congressional Democrats are using a fast-track budget process to ram the up-to-$3.5 trillion economic package through the Senate, bypassing Republicans. As part of the process, the Budget Committee must assemble the 13 component parts of the bill reported out of policy committees this month, and send the 2,465-page bill ...