The Organization for Economic Cooperation and Development (OECD) is hoping to finalize an agreement this month among140 countries on a global tax overhaul to address how “consumer-facing” digital giants like Apple, Google, Facebook and Twitter are taxed in countries where they have users. “I’m quietly optimistic that in time for the G-20 leaders summit at… Read more »

The White House is reportedly urging congressional Democrats to scale back most of the items in the $3.5 trillion budget reconciliation package to arrive at a plan in the $1.9 to $2.3 trillion range that can win unanimous Democratic support. President Biden has spent weeks attempting to mediate substantial differences between moderate and progressive Democrats… Read more »

Senate leaders said earlier today they have reached a short-term deal to raise the nation’s debt ceiling by $480 billion through Dec. 3, which is also when government funding is set to expire. Senate Majority Leader Chuck Schumer (D-NY) announced the agreement on the Senate floor this morning, noting that lawmakers “hope we can get… Read more »

ASAE is set to honor six associations tonight with a 2021 Summit Award, ASAE’s highest honor for the association community, at the National Building Museum in Washington, DC. This year’s Summit Award winners are: AACC|, Program: Stemming the Tide: Laboratory Medicine Changes the Course of COVID-19; American College of Emergency Physicians, Program: COVID-19 Field Guide:… Read more »

Treasury Secretary Janet Yellen on Tuesday told Congress that the U.S. will run out of maneuvers to avoid exceeding the debt limit on Oct. 18, creating a new fiscal deadline for lawmakers. “It is uncertain whether we could continue to meet all the nation’s commitments after that date,” Yellen said in a letter to House… Read more »