Tag Archives: Congress

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 3, 2021 Like Freddie, Jason and John McClain, the U.S. debt fight just won’t die The Omicron variant and inflation worries are spooking markets. And as if investors aren’t preoccupied by enough, the nation’s leaders are bickering over debt and spending — well, and just about everything else, to be honest — in ways that could… Source link

GLASGOW, Scotland — When the House of Representatives passed the $1.2 trillion infrastructure bill late Friday night, it took the largest congressional action to confront climate change in U.S. history. The bill contains $150 billion for clean energy advancement and adaptation to the effects of climate change, surpassing the 2009 economic stimulus package, which spent $90 billion on clean energy development and deployment. The new package also includes $73 billion for modernizing the U.S…. Source link

President Joe Biden delivers remarks at NJ Transit Meadowlands Maintenance Complex to promote his “Build Back Better” agenda, Oct. 25, 2021, in Kearny, N.J. (AP Photo/Evan Vucci) Before leaving Washington for an overseas trip, President Joe Biden is meeting with House Democrats to try and convince them to support a trimmed down version of his Build Back Better plan. The White House announced a $1.75 trillion “framework” on Thursday morning that administration officials say should gain the… Source link

House Speaker Nancy Pelosi, D-CA, speaks during a press conference at the US Capitol in Washington, DC on September 8, 2021. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) Since it worked so well the last time, Congress is about to flirt once again with the prospect of a U.S. government shutdown, followed by an ignominious and totally unnecessary default on the nation’s debts. Yes, you’ve heard this before. Yes, it’s tiresome and foolish. But it’s happening… Source link

(Bloomberg) — Wealthy Americans wondering how much more taxes they’ll owe after Democrats pass their sweeping social-spending package may have to wait until deep into the fall, or later, to find out. The tax-writing panels in the House and Senate had until Sept. 15 to finish writing the details of what would amount to the biggest tax-hike package since 1993. Those details are part of a legislative push that incorporates Democrats’ plans for ramping up spending on initiatives including… Source link

WASHINGTON (AP) — The Justice Department, in a reversal, says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.  In a memo dated Friday, Justice’s Office of Legal Counsel said the committee chairman “has invoked sufficient reasons for requesting the former President’s tax information” and that under federal law, “Treasury must furnish the information to… Source link

Tech giants that could be broken up under a series of new antitrust bills are speaking out against the measures as lawmakers are set to debate them on Wednesday. Amazon and Google released statements on Tuesday opposing the bills. Apple and Facebook, which were also targets of the House Judiciary Committee’s investigation into digital markets, have yet to put out their own statements. But industry groups backed by the tech firms have also pushed back on the legislation, arguing it would… Source link

Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images Some app makers who rely on mobile distribution from Apple and Google are scared of how much power the tech giants have over their businesses, according to congressional testimony delivered Wednesday. “We’re all afraid,” Match Group Chief Legal Officer Jared Sine told Sen. Amy Klobuchar, D-Minn., the chair of the Senate… Source link

Fourth stimulus check: Will Biden and Congress give you another payment? As millions of Americans still wait for their third stimulus check, speculation is heating up over the prospects for a fourth round of cash payments to help households and the U.S. economy recover from the pandemic. Online searches for the phrase “fourth stimulus check” have mushroomed over the past few weeks, according to Google Trends, and one economist says another payment is “certainly possible.” More than 60 members… Source link

Members of the House Energy and Commerce Committee pressed Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai and Twitter CEO Jack Dorsey about their platforms’ efforts to stem baseless election fraud claims and vaccine skepticism. Opaque algorithms that prioritize user engagement and promote misinformation also came under scrutiny. Rep. Mike Doyle, chair of the House subcommittee on Communications and Technology, said his staff easily found anti-vaccine content on Facebook, Facebook’s… Source link