According to CoinMeta, U.S. Democratic Senator Tim Kaine confirmed on Thursday that he will serve as the chairman of the Senate Budget Committee next year. He emphasized that the "budget reconciliation process" (a legislative mechanism usually driven by a single party) can be utilized to provide relief for ordinary Americans. Tim Kaine has been serving on this committee for nearly 14 years. He stated that legislators need to reverse the cuts to programs such as Medicaid and nutrition assistance, and stop funding illegal and foolish wars; at the same time, there should be increased investment in education, housing, workforce training, healthcare, and infrastructure. Kaine pledged to take decisive action to prevent automatic cuts to social security benefits in the coming years, while also addressing the growing national debt problem.