A bigger, bolder Congress? Panel debates how to respond to end of Chevron deference
An analysis by the POPVOX Foundation found that the legislative branch budget is roughly 1/120th of the executive branch’s nondefense, non-mandatory funding.
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DHS headed for yearlong stopgap as appropriations finale comes into focus
On the regular fiscal 2024 DHS spending bill, House and Senate negotiators were forced to compromise at a single funding topline that necessitated a cut of around $1 billion from the House’s higher spending
Senate will be in next week as border talks pick up steam
Another issue that will keep senators from flying home is the need to take up a three-month extension of Federal Aviation Administration programs which would otherwise lapse on Jan. 1.
Treasury, IRS roll out long-delayed crypto tax reporting rules
In an Aug. 1 letter to Treasury Secretary Janet L.
White House releases $40.1B supplemental funding request
But included within the State Department piece is $1 billion in backing for the foreign military financing program, which helps allies purchase U.S. defense equipment.
Health deadlines pile up as Congress adjourns for August
The Finance Committee, meanwhile, approved a draft bill that would address restrictions and oversight of pharmacy benefit managers by a vote of 26-1.
Party leaders optimistic as debt limit negotiators get to work
Lawmakers are signaling they could adjust those plans to ensure they pass a bill reflecting a potential deal before June 1, when Treasury Secretary Janet L.
Bipartisan interest in new deposit insurance cap, but for whom?
Uninsured deposits are held in a small share of accounts but can be a large proportion of banks’ funding, particularly among the largest 10 percent and largest 1 percent of banks by asset size, the agency
Which senators still undecided about 2024 runs will matter most?
He raised just $15,000 in the first three months of the year and had just shy of $1 million in his campaign account.
Flat funding for Title X causes scramble for clinics
Massachusetts, Action for Boston Community Development President and CEO Sharon Scott-Chandler said her organization was working to secure bridge funding from the state that would have kicked in July 1
Pentagon comes out against law requiring military wish lists
In a few years, annual U.S. defense spending is expected to hit $1 trillion, though that remains a smaller percentage of the nation’s wealth than was the case, for example, during the Reagan-era buildup
Fed’s Barr: SVB ignored ‘bread and butter’ banking issues
His report is due out by May 1.
Lawmakers from both parties skeptical of legislation over SVB
The Federal Reserve Board said Monday that Barr would review the supervision and regulation of SVB and that his report would be released by May 1.
Congress · 118th Congress
End of public health emergency causes cascade of changes
Those authorities run through Oct. 1, 2024, but because pharmacists operate largely under state laws, the intersection of federal and state policies will be unclear once the emergency expires in
Congress · 117th Congress
Senate bill would boost alternative assets in 401(k) plans
Association represents investors in private equity, venture capital, commodities and other nontraditional alternatives, with board members like Chicago-based Northern Trust Corp., which managers over $1
Congress · 117th Congress
Debate begins on massive budget package; ‘vote-a-rama’ awaits
A 1 percent tax on what companies spend on stock buybacks was added in to boost revenue, with higher taxes on a form of pay for investment fund managers, “carried interest,” out due to Sinema.
Policy · 117th Congress
Changes mulled to sweeping budget package as debate nears
Separately, CNN reported that Sinema has sent signals to the business community that she may want to pare back a 15 percent corporate minimum tax on businesses that report $1 billion or more in income
Campaigns · 117th Congress
Big money dominates in Maryland’s 4th District
Edwards had hauled in nearly $1 million, and her donors included the campaigns of Pelosi, House Majority Whip James E.
Congress · 117th Congress
Democratic bill would mandate new IRS free tax-filing program
The bill would require a program by March 1, 2023, allowing taxpayers who don’t have to file tax returns to claim refundable tax credits.
Policy · 117th Congress
SEC’s climate rule heats up debate on supply chain emissions
on Climate-Related Financial Disclosures and by requiring disclosure of [greenhouse gas] emissions, including disclosure (for many companies) of Scope 3 emissions and third-party assurance of Scopes 1