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OMB Director Shalanda Young Testifying To Senate Budget Committee

US

11:00 ET 16:00 GMT: Office of Management and Budget (OMB) Director Shalanda Young is due to testify shortly before the Senate Budget Committee on the president’s 2023 budget request.

  • A livestream can be followed here.
  • Young is likely to receive robust questioning on President Biden's budget proposal for a 'wealth tax'.
  • Yesterday moderate Democrat senator Joe Manchin (D-WV) criticised the proposal as potentially setting a dangerous precedent for taxing unrealised income.

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