White House to release budget proposal on March 9

The White House will release its budget proposal for next fiscal year on March 9, officials said Tuesday, as they pressure Speaker Kevin McCarthy (R-Calif.) to release a detailed budget of his own outlining House Republicans’ spending plans.

The White House on Tuesday circulated a memo from National Economic Council Director Brian Deese and Office of Management and Budget Director Shalanda Young ahead of President Biden’s meeting with McCarthy on the debt ceiling. The two offi...

Health care spending in the US nearly double of other wealthy nations: report

Story at a glance
  • In the U.S., health care spending made up 17.8 percent of GDP in 2021.
  • This is nearly double that of other high income countries.
  • Obesity rates are also higher in the U.S.

In 2021, the U.S. spent 17.8 percent of GDP on health care, nearly double the average of 9.6 percent for high income countries, according to a new report from The Commonwealth Fund. Health care spen...

Health care spending in the US nearly double of other wealthy nations: report

Story at a glance
  • In the U.S., health care spending made up 17.8 percent of GDP in 2021.
  • This is nearly double that of other high income countries.
  • Obesity rates are also higher in the U.S.

In 2021, the U.S. spent 17.8 percent of GDP on health care, nearly double the average of 9.6 percent for high income countries, according to a new report from The Commonwealth Fund. Health care spen...