Debt Limit Looms… Again
December 1, 2021Despite last month's patch to increase to the U.S.'s borrowing authority limit, Treasury Secretary Yellen has cautioned that new limit could be reached as soon as Dec. 15.
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Update: Stopgap Spending Bill
December 1, 2021Lawmakers have until Friday to pass a stopgap spending measure to avert a government shutdown, debate is ongoing but House leaders aim to vote on the bill today.
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Senate Talks Reconciliation Bill
December 1, 2021The Senate is set to take up the House-passed Build Back Better reconciliation bill with the goal of finishing work on the package before the Christmas break.
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House Passes Build Back Better Bill
November 19, 2021On Nov. 19, the House passed 220-212 the Build Back Better reconciliation bill (H.R. 5376) that includes more than $1.5 trillion in business and individual tax increases.
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Modified IRS Reporting Proposal
October 20, 2021Yesterday, a modified version of the administration’s tax reporting requirement--a pay-for in the spending bill--which increases the reporting threshold from $600 to $10,000.
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October 20, 2021With lawmakers back in D.C. this week, Democratic leaders are working with the centrist and progressive wings of their party to find common ground on the spending bill.
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Infrastructure Vote Delayed Again
October 6, 2021Following last week's delay to vote on the bipartisan infrastructure bill, House Speaker has announced a plan to pass both the infrastructure bill and the broader Build Back Better bill by the end of October.
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Government Shutdown Avoided
October 6, 2021On Sept. 30, President Biden signed a continuing resolution extending government funding through Dec. 3, giving lawmakers additional time to pass FY 2022 spending bills.
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Senate Rejects Short-Term Funding Bill
September 29, 2021On Monday, the Senate failed to advance a short-term funding bill, leaving Congress less than a week to come up with a plan to avoid a government shutdown on Oct. 1.
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