House Republican deficit plan seen as shift in thinking on China
Yellen has said the U.S. could default on its debt as early as June 1 unless lawmakers lift the $31.4 trillion ceiling. Rep.
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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
Climate credits, IRS funds snarl GOP debt limit talks
The plan includes capping fiscal 2024 discretionary spending at fiscal 2022 levels and limiting annual growth to 1 percent for the remainder of the decade; canceling President Joe Biden’s student loan
States act to curtail kids online, raising pressure on Congress
That law, which goes into effect March 1, 2024, also requires tech companies to give parents access to teenagers’ accounts.
Amid Trump 24/7, Biden focuses on business as usual
Biden himself was at a Minnesota plant run by engine manufacturer Cummins on Monday, as the company announced more than $1 billion would be committed to expansion in several states.
TikTok CEO to face skeptical lawmakers in testimony Thursday
The committee approved it 24-16 on March 1.
Congress · 118th Congress
Rep. David Cicilline to resign from Congress
Cicilline announced in a press release Tuesday that he would leave Congress effective June 1 to lead the Rhode Island Foundation as its president and CEO.
Policy · 118th Congress
Little-noticed US funding for China tech sector now draws scrutiny
Corrected 1:18 p.m. | Even as Washington takes a hard line on keeping U.S. technology and data beyond China’s reach, the federal government has thus far been slow to close another channel of technology
Congress · 118th Congress
At ‘fun’ House Science, Lucas sees CHIPS aid as potential model for AI, quantum computing
The NSF’s fiscal 2023 budget is $9.9 billion, up $1 billion from a year earlier.
Policy · 118th Congress
Investors focus ESG on contrast between climate words and actions
Shareholder resolutions on corporate political influence made up nearly 1 in 5 proposals under the environmental, social and governance umbrella that were voted on in 2022.
Politics · 117th Congress
‘Rampant disinformation’ seen undermining safe voting technology
Congress approved more than $1 billion in federal grants to be administered by the Election Assistance Commission since the 2016 elections to help states and local jurisdictions upgrade equipment
Congress · 117th Congress
Record pace for green cards won’t last without congressional action
Backlog remains But the impact on the larger backlog as a whole — estimated to include more than 1 million immigrants — remains to be seen, analysts said.
Policy · 117th Congress
Privacy advocates demand rules for mobile providers on data use
House Speaker Nancy Pelosi, D-Calif., said Sept. 1 that lawmakers would need to work on the bill, saying it doesn’t provide the same consumer protections as existing California law.
Congress · 117th Congress
States, localities await federal help on cybersecurity
The $1.2 trillion infrastructure spending bill enacted last year included $1 billion in grants over four years to state, local, tribal and territorial governments.
Congress · 117th Congress
Republicans split on adding semiconductor tax breaks to competition bill
incentives along with a provision allowing companies to again fully and immediately deduct their research and development expenses after a 2017 law change required expensing over five years starting on Jan. 1,
Policy · 117th Congress
Tax revenue boom fuels steep budget deficit decline
Those figures suggest a less-than-$1 trillion deficit for the current fiscal year, dramatically undershooting prior forecasts by the CBO and White House budget office.
Underinvesting in Science = Undermining America’s Future
Today, we’re rapidly approaching the 1 million death mark.
Congress · 117th Congress
Biden hits Russia with new export controls and financial sanctions
“The sanctions that we have proposed on all their banks have equal consequence, maybe more consequence than SWIFT, No. 1,” the president said.
Congress · 117th Congress
Surge of lobbying activity fueled K Street in late 2021
The chamber still ranked No. 1, but its $64.8 million total last year — a time its leadership was changing and it had taken heat for its support of some Democratic candidates in 2020 — was down from
Campaigns · 117th Congress
Rise of right-wing apps seen worsening midterm disinformation
Gab says it has more than 1 million users, compared with Twitter, which says it has 330 million monthly users globally.