House panel advances $3.5T spending bill

The House Budget Committee has advanced the Democrats’ $3.5 trillion social spending plan as party leadership set their sights on teeing up the package for a vote in the lower chamber this coming week.

The Democratic-led committee passed the package in an 20-17 vote on Saturday afternoon, piecing together the chunks of legislation approved by 13 House committees earlier this month that make up the spending plan, an essential cornerstone of President Biden’s economic agenda.