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Trone’s wealth looms over Maryland Senate primary

three of his assets — wine and liquor store chains in New Jersey, New York and Texas — were reported to have generated at least $5 million in income each, while six others were listed as paying between $1

House clears stopgap funding extension into March

The legislation extends funding for agencies covered under the four appropriations bills that were set to lapse after Friday to March 1, and funding covered under the remaining eight bills that are poised

New debt limit forecast crashes into Capitol Hill

"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government’s obligations by early June, and potentially as early as June 1, if

Common ground on the debt limit? Here’s what to look for

Caps for the remainder of the decade would allow for 1 percent annual growth.  Democrats may not agree with 1 percent but maybe they’d compromise around 2 percent, Rep. Don Bacon suggested.

Congress · 117th Congress

Lawmakers who ran on ‘SALT’ relief prepare to face voters

Senate Democrats pushed back against the House-passed provision, which would deliver more than 30 percent of the tax benefit to the top 1 percent of households based on income, according to the Tax Policy

Congress · 117th Congress

House passes $55B aid package for restaurants, other businesses

would tack on another $13 billion for small businesses that suffered revenue losses of at least 40 percent during the pandemic, without regard to what industries they operate in, with grants capped at $1

Congress · 117th Congress

House readies relief package for restaurants, other industries

The negotiators couldn’t agree on enough offsets for appropriating another $5 billion in foreign assistance, but they were debating whether to take approximately $1 billion from the domestic funds

Congress · 117th Congress

Partisan skirmishes threaten swift omnibus timetable

Hoyer said he hopes that debate over supplemental aid won’t slow consideration of the omnibus, which is already five months overdue from the Oct. 1 start of fiscal 2022.

Congress · 117th Congress

Minimum wage push spices up restaurant aid debate

An estimated 1 million workers have left the restaurant industry since the COVID-19 pandemic began in 2020, and higher wages will be required to bring them back, said Saru Jayaraman, president of

Congress · 117th Congress

Sanders opposes plan to scrap ‘SALT’ cap, then restore it

Senate Budget Chairman Bernie Sanders, I-Vt., said the proposal could cut taxes by $475 billion over five years, including lowering taxes for the richest 1 percent of households to below where they