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Congress · 117th Congress

Senate bill would boost alternative assets in 401(k) plans

Toomey said in a statement that the bill would allow Americans with 401(k)s and similar plans to enhance retirement savings by accessing the same investment options as people with defined benefit

Congress · 117th Congress

Senate’s Medicare drug pricing may ripple into private market

Congress is on the verge of allowing the government to restrict prices for drugs covered by Medicare, but experts disagree on whether drugmakers will shift costs to the private market. 

Congress · 117th Congress

Democrats mulling revival of employee retention tax credit

New lobbying push Small businesses and nonprofits balked at the move at the time and are now lobbying Congress to restore the employee retention tax credit for 2021’s final quarter.

Congress · 117th Congress

Democrats, Republicans agree to short-term debt limit increase

Christopher S. Murphy, D-Conn., who hours earlier had dismissed McConnell’s offer as a “terrible idea,” said using reconciliation to raise the debt limit would set a “horrendous” precedent.

Campaigns · 117th Congress

Infrastructure uncertainty rankles vulnerable Democrats

“There is enough s— going on without us adding problems. That’s not a good look.”  But Democrats stressed the bill will eventually pass. “It’ll get done,” said Nevada Sen.

Congress · 117th Congress

GOP reconsiders retirement bill as Democrats push new mandate

The reconciliation proposal would require employers that don’t already have retirement plans to provide workers with auto-enrolling savings accounts, such as 401(k)s or Individual Retirement Accounts

Congress · 117th Congress

Unfinished infrastructure deal faces uncertain vote

Christopher S. Murphy, D-Conn., said. Murphy is not in the negotiating group, but others who are agreed.  “I’m with Schumer on this plan,” said Sen. Joe Manchin III, D-W.Va.

Congress · 117th Congress

Senate confirms Fudge to lead HUD

Toomey ‘s floor comments echoed his criticism of Fudge at the Feb. 4 committee vote for her response to his question about better targeting HUD programs to low-income people.