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Congress · 119th Congress

Supreme Court backs congressional power in tariff ruling

If the executive would like to enact trade policies that impact American producers and consumers, its path forward is crystal clear: convince their representatives under Article 1," McConnell's statement

Policy · 119th Congress

FactChecking Trump’s economic speech

Investments in the United States↵↵Trump also told his audience in Pennsylvania, "In four years under Biden, Democrats secured less than $1 trillion in new investments in our country."

Congress · 119th Congress

Trump pledges executive action to counter state AI laws

↵↵Cruz supported the inclusion of a moratorium in the budget reconciliation bill this summer, but the provision was eventually removed in a 99-1 Senate vote.

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

Congress · 119th Congress

Defense contractors fight back against NDAA repair language

↵↵Likewise, the Professional Services Council, a trade group that represents hundreds of federal contractors and more than 1 million employees, expressed strong opposition to the Warren-Sheehy proposal

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

Policy · 117th Congress

Biden administration strikes deal with Japan on steel tariffs

The agreement, covering only steel, takes effect on April 1 and applies to 54 product categories. The annual duty-free amount for all products in those categories is 1.25 million metric tons.