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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.

Policy · 117th Congress

IRS: Tax filing season to start Jan. 24

While the IRS typically enters tax season with a backlog of about 1 million unprocessed returns, that number is several times larger this year, according to Treasury officials, who couldn’t give

Policy · 116th Congress

Business lobbies prod Congress on COVID relief

[jwp-video n=”1″] “Eight months later, as the pandemic rages on, we see small business after small business once again shuttering operations with no lifeline to hold on to until the vaccine

Policy · 116th Congress

Biden’s infrastructure challenge: Finding common ground

He has an easy enough vehicle to start with: Congress in October punted on a new highway bill, opting instead to extend the 2015 surface transportation law by a year, to Oct. 1, 2021. 

Policy · 116th Congress

States seek more federal funds as Medicaid enrollment grows

recently passed a revised version of its COVID-19 package, which would increase the Federal Medical Assistance Percentage payments to state Medicaid programs by a total of 14 percentage points starting Oct. 1,

Policy · 116th Congress

Mnuchin, Powell say Congress needs to pass more COVID-19 relief

narrowed the gap, but talks still seem stalled with a $700 billion gulf between Democrats’ $2.2 trillion demand and the Trump administration’s latest offer of $1.5 trillion — considerably more than the $1

Policy · 116th Congress

What would a Biden White House mean for fintech?

For comparison, affiliates of Alphabet Inc., Google’s parent company, have given the former vice president more than $1 million and Trump just under $30,000, while JPMorgan Chase & Co. affiliates have

Policy · 116th Congress

With relief talks stalled, White House orders eviction ban

[jwp-video n=”1″] The CDC eviction ban would go farther than the expired suspension enacted by Congress in March, which covered the 30 percent of renters who live in apartments with federally

Policy · 116th Congress

Senate aid bill allocates $3 billion to immigration agencies

The help would come as part of a series of measures that make up a $1 trillion plan to help address the current economic downturn by extending unemployment benefits and offering another round of

Policy · 116th Congress

Medicaid enrollment increase puts pressure on state budgets

The House passed a COVID-19 relief bill (HR 6800) in May that would increase the FMAP bump for states to 14 percent from July 1, 2020 to June 30, 2021, then drop it back to the 6.2 percent bump until