Congress · 119th Congress
Court ruling puts federal revenue forecast on shaky ground
And after accounting for slower economic growth, the net revenue haul would shrink to $1 trillion.
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Congress · 119th Congress
Democrats tee off on possible Treasury corporate tax move
reconciliation package containing a 15 percent minimum tax on large corporations with "adjusted financial statement income" — income reported to shareholders, with certain allowable reductions — exceeding $1
White House · 119th Congress
Trump urges court to hear Eisenhower building issues in February
Heller, acting commissioner of the GSA's Public Buildings Service, said the GSA would "not authorize or engage in the physical actions" of powerwashing, painting or repointing the EEOB prior to March 1.
Congress · 119th Congress
Epstein files bill clears Senate, heads to Trump’s desk
It passed the House Tuesday on a 427-1 vote, with Johnson supporting it despite concerns he'd voiced earlier in the day.
Congress · 119th Congress
Trump signs bill compelling release of Epstein files
↵↵All but one of the House Republicans who were present Tuesday voted in favor of the measure, resulting in a lopsided final tally of 427-1.
Congress · 119th Congress
After shutdown delay, hearing set on congressional stock trading
↵↵But the push to ban members from owning or trading stocks, which goes back years and seemingly had been picking up momentum, was derailed by the shutdown that began on Oct. 1.
Congress · 119th Congress
‘Net neutral’: Shutdown unlikely to hobble Trump, former aides say
↵↵"The economy is going to be the No. 1 issue next year in the midterms," said the Republican strategist, granted anonymity in order to speak candidly.
Congress · 118th Congress
CBO: Debt limit to hit as soon as July, budget picture worsens
That compares to already slowing growth in 2022, when the economy expanded by an inflation-adjusted 1 percent, down sharply from the previous year coming out of the pandemic-induced downturn.
White House · 118th Congress
Biden may call out airlines, tout infrastructure funding at SOTU
At a House Transportation and Infrastructure Committee hearing on Feb. 1, industry leaders welcomed Republicans’ oversight agenda while GOP lawmakers continued to criticize the administration for
White House · 118th Congress
White House budget set for early March delivery
And the $1.7 trillion fiscal 2023 omnibus spending package didn’t clear until Dec. 23, giving the administration less time to assess agencies’ needs for the new fiscal year starting Oct. 1 and provide
Congress · 118th Congress
Manchin pushes stricter electric vehicle credit rules
Manchin’s new bill would retroactively put into effect battery and critical mineral sourcing mandates starting from Jan. 1 of this year, rather than giving leeway until Treasury produces guidance
Congress · 118th Congress
Yellen warns Treasury could hit debt ceiling as early as June
But he said that does not necessarily mean the Treasury would run out of resources before July 1.
Congress · 117th Congress
Biden signs major climate, health care and tax bill into law
The package is estimated to cut the federal deficit by about $300 billion over the next decade, thanks to revenue raisers that include a 15 percent minimum tax on the largest corporations, a 1 percent
Congress · 117th Congress
Senate confirms Lisa Cook as the first Black woman on the Federal Reserve Board
Senate Banking voted unanimously in March to advance Jefferson and 23-1 to advance Powell, with Sen. Elizabeth Warren, D-Mass., dissenting.
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.
White House · 117th Congress
Biden administration to fix glitch in health care law to mark anniversary
The proposed rule would close the family glitch loophole beginning Jan. 1, 2023.
Congress · 117th Congress
Top takeaways from Biden’s fiscal 2023 budget request
President Joe Biden submitted his budget proposal for the fiscal year that begins Oct. 1 on Monday morning, which will set the tone for the legislative scramble ahead of midterm elections in November.
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
OMB nominee says new Biden budget coming in March
President Joe Biden is likely to submit his fiscal 2023 budget request shortly after the March 1 State of the Union address, his acting White House budget chief told senators Tuesday.
Congress · 117th Congress
Higher interest rates likely to factor into fiscal policymaking
That’s nearly $1 trillion in additional debt that investors other than the Fed would need to buy compared with last year, when the comparable supply was $582 billion.