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Middle-class tax cuts and increased social spending would be made possible by rolling back the Trump-era tax cuts for corporations and wealthy households.

The move is necessary to avoid default on debt payments, but some politicians see supporting a debt-limit increase as equivalent to approving Biden's proposed federal budget.

Regulators "would benefit from additional plenary authority to write rules for and attach guardrails to crypto trading and lending," says SEC chief.

U.S. core CPI rose 0.3% from June to July, led by increases in food, energy, shelter, and new vehicles.

The plan expands the social safety net and addresses climate change, paid for by raising taxes on the wealthy and corporations.

The asset manager will give $1,000 to every employee who is fully vaccinated by October.