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Trump, GOP prep next chapter in spending cuts agenda

Committee markups scheduled next week, President Donald Trump’s budget office is expected to deliver as soon as Friday supplemental information on agency budget requests for the fiscal year starting Oct. 1.

Senate stablecoin bill trips on cloture vote

48-49 cloture vote on whether to proceed to the bill came after Democrats decided that bill sponsor Bill Hagerty, R-Tenn., didn’t go far enough to satisfy them in the revised bill he released on May 1.

Stablecoins bill faces hurdle after Democrats withdraw support

that would facilitate issuance of stablecoins — digital currencies pegged to a reserve asset, in this case, the U.S. dollar — said over the weekend they wouldn’t vote for a revised bill released on May 1.