White House says Congress has to act on ‘de minimis’ tariffs
The use of the exemption has dramatically increased over the last 10 years, from 140 million shipments a year to more than 1 billion, according to the Biden administration.
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Health package talks break down amid broader spending feud
Funding for the first set of government agencies, including the Food and Drug Administration, expires March 1.
‘Site-neutral’ hospital policy muddles health package progress
Short-term government funding will expire on March 1 and March 8. Both Wyden and Senate Finance ranking member Michael D.
House panel releases transcripts from Hunter Biden investigation
In addition to the transcripts of interviews with Shapley on May 26 and an IRS criminal investigator whose name is redacted on June 1, the committee released a June 19 letter updating the criminal investigator
Wide gulf between debt limit negotiators as time grows short
The precarious nature of negotiations has lawmakers on both sides of the aisle worried about their ability to lift the debt limit before June 1, when the Treasury Department expects it may run out of cash
Contours of debt limit deal start to take shape
Yellen said could hit as early as June 1, negotiators are attempting to reach a framework for a deal by Sunday, when President Joe Biden returns from a trip to the G-7 summit in Japan.
Tighter TANF requirements may be ripe for debt limit accord
The number of families receiving benefits dropped by over 50 percent during that time, however, from around 2.1 million to less than 1 million, according to Department of Health and Human Services data
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
Biden threatens veto on measure to restore solar tariffs
The clock is ticking as Commerce is expected to make a final determination on May 1 on whether the Chinese firms were illegally circumventing U.S. tariffs.
Biden in Belfast to commemorate Good Friday Agreement
"Today, 1 in 10 Americans claim Irish ancestry, and Irish Americans are proudly represented in every facet of American life," Kirby said.
Congress · 117th Congress
House Democrats move to release Trump taxes
JCT’s summary showed Trump reported net federal income taxes of $0 for the 2020 tax year, $750 in multiple years and almost $1 million one year.
Congress · 117th Congress
Lawmakers, advocates eye year-end bills for housing credit
“That’s my No. 1 priority and will always be until we enact it permanently.”
Congress · 117th Congress
Senate bill would boost alternative assets in 401(k) plans
Association represents investors in private equity, venture capital, commodities and other nontraditional alternatives, with board members like Chicago-based Northern Trust Corp., which managers over $1
Congress · 117th Congress
Ways and Means leaders working on lame-duck Social Security fix
In some states — including Brown’s home state of Ohio, Neal’s home state of Massachusetts, and Graves and Letlow’s home state of Louisiana — the provision impacts more than 1 percent of the population
Congress · 117th Congress
Reconciliation talks complicated by ‘SALT’ tax hurdle
Their negotiations have focused on a package that would raise roughly $1 trillion in revenue, with half to offset spending initiatives on climate and potentially health care and the other half for deficit
Congress · 117th Congress
Senate unanimously passes Russia trade, embargo bills and House clears them
Under the legislation, the president would have the authority until Jan. 1, 2024, to set by proclamation tariff rates that are higher than the standard rates known as Column 2 for imported products
Congress · 117th Congress
House gives Russia trade bill strong backing after Zelenskyy speech
Under the legislation, the president would have the authority until Jan. 1, 2024, to set by proclamation tariff rates that are higher than the standard rates known as Column 2 for imported products
Congress · 117th Congress
House competition bill includes more trade aid for workers
The program reverted to one with fewer benefits and limited to workers in manufacturing on July 1, 2021, after Democrats and Republicans could not agree on an extension.
Congress · 117th Congress
Big companies look to Senate to ease budget bill’s minimum tax
With the likelihood the $2.2 trillion filibuster-proof package will see edits in the Senate, and a year before the tax would take effect starting on Jan. 1, 2023, pressure is likely to continue.
Congress · 117th Congress
Armed with tax estimate, House moves toward vote on budget bill
p> Taxes on corporations are estimated at roughly $814 billion, down about $150 billion from the September package, while high-income individuals would face $640 billion in tax increases, down from $1