Sen. Baucus One Step Closer to Ambassadorship

January 29, 2014

On Tuesday, Senate Finance Committee Chairman Max Baucus (D-Mont.) faced his colleagues when he testified before the Senate Foreign Relations Committee at his confirmation hearing to be the next U.S. Ambassador to China.

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State of the Union Teleconference – Jan. 29

January 16, 2014

On Jan. 29, 2014 at 1:00 p.m. EST, NSBA will hold a brief, 45-minute call to provide analysis on the State of the Union Address. The call will feature Kent Hoover, Washington Bureau Chief for American City Business Journals, and NSBA leadership discussing what it all means for small business.

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Dozens of Tax Extenders Expired at the End of 2013

January 8, 2014

Dozens of temporary tax provisions—known as extenders—expired at the end of 2013 when Congress failed to extend them for another year. In what has become a familiar event in Washington, Congress has allowed a package of more than 55 tax provisions commonly referred to as “tax extenders” to expire on...

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Another Debt Ceiling Fight Looms

January 8, 2014

Once again, the U.S. government could run out of borrowing authority needed to help pay its bills as soon as February if lawmakers do not work to swiftly raise the federal debt ceiling. In October, President Barack Obama signed legislation that ended the 16-day government shutdown and allowed the Treasury...

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Baucus Nomination Will Lead to Committee Shake-Up

January 8, 2014

While it hasn’t been officially announced yet, it appears that current Senate Finance Committee Chairman Max Baucus (D-Mont.) will be nominated by President Barack Obama to become the next U.S. Ambassador to China, and the Senate will soon have a new committee chair early in 2014. The second-ranking Democrat on...

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Budget Deal Advances Procedural Hurdle in the Senate

December 18, 2013

The Senate today is expected to take a full vote on the bipartisan two-year budget deal, which would modify sequestration over the next two years, set top-line spending at just over 1 trillion for 2014 and 2015, and raise $85 billion over the next decade, among other items.

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Business Tax Extenders Set to Expire Soon

December 18, 2013

Dozens of temporary tax provisions, or "extenders" are scheduled to expire at the end of 2013 given their exclusion from the broader budget deal and the fact that the House already has recessed for the year with the Senate recess slotted to begin at the end of this week.

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Budget Conferees Reach an Agreement

December 11, 2013

House Budget Chairman Paul Ryan (R-Wis.) and Senate Budget Chairwoman Patty Murray (D-Wash.) last night unveiled their much-anticipated budget agreement in time for the House and Senate to act prior to the December recess.

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