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Senate, for now, defers to Biden and McCarthy on debt talks

Yellen said Monday that the government may be unable to pay its bills on time as soon as June 1 — several senators said that leaves enough time to find agreement and brushed off any need for a short-term

Policy · 117th Congress

Democrats line up behind budget bill while GOP pledges ‘hell’

Substitute tax  To make up for the lost revenue from the corporate minimum tax exemptions and dropping the carried interest provision, Democrats added a 1 percent excise tax on stock buybacks, which

Congress · 117th Congress

Semiconductor, science bill passes Senate, heads to House

The $11 billion Commerce Department authorization, all of which is on top of baseline funding, includes $10 billion for regional technology hubs and $1 billion for a pilot program to provide economic

Congress · 117th Congress

Senate close to COVID-19 aid deal; global funds in question

But Romney said negotiators were still debating whether to take $1 billion of the $10 billion slated for HHS and instead give that to the United States Agency for International Development for foreign

Congress · 117th Congress

Senate Democrats plot March legislative push on inflation

A group of Democrats introduced a bill last week to cut the excise tax on gasoline produced, imported or sold from 18.4 cents per gallon to zero until Jan. 1, 2023.