Congress Members Weigh What Bills to Push before AdjournmentTHE 104th CONGRESS returns to work this week with a single goal in mind: leaving.
The debt limit was most recently addressed under President Donald Trump, when Congress passed bipartisan legislation that suspended it for two years. When that suspension expired in 2021, the amount borrowed during that time — roughly $6.5 trillion — was added to the previous debt limit of more...
In the meantime, top congressional leaders are negotiating with the White House over a budget deal that would lift spending caps that came back into effect on Oct. 1. These were limits set by the Budget Control Act (BCA) of 2011. Congress has twice passed similar agreements over the last ...
Speier, who sponsored the 1995 California act, also introduced a Pink Tax Repeal Act at the federal level in 2016. The bill has been reintroduced several times but never been passed. Most recently, Rep. Norma Torres (D, Calif.) reintroduced the bill in March 2024 (Speier left Congress in...
Government stability:Fiat money is not inherently valuable and is only considered money because the government has authorized it to be used as a medium of exchange. As such, if the issuing government loses credibility or creates too many paper bills, its fiat currency could become devalued. ...
With assists from POLITICO’s Congress team There’s an internal GOP debate over whether to do one giant reconciliation package next year that addresses top priorities on taxes, energy and the border or split it into two bills. | Angelina Katsanis/POLITICO ...
Congress has until midnight Friday to come up with a way to fund the government or federal agencies will shut down, meaning hundreds of thousands of federal employees could be sent home — or stay on the job without pay — just ahead of the holidays. Republicans abandoned a bipartisan plan ...
It's never too early to start saving for those college bills. And it's no surprise the Congress has included some tax goodies to help parents save. One option is a Section 529 Education Savings Plan. Contributions to these plans are not deductible on your federal taxes, but earnings grow ...
Recently, a deputy to the National People’s Congress (人大代表) advised cutting down the percentage of English classes and increasing that of traditional Chinese classes in school. 1 The Ministry of Education (教育部) replied that they will strengthen (增强) the teaching of traditional Chinese...
Congress has six months to figure out what to do about the nearly 800,000 people brought to the U.S. as undocumented children