As of late this afternoon, House Speaker Nancy Pelosi (D-CA) was seemingly plowing ahead with a planned vote in the House today on the $1.2 trillion bipartisan infrastructure bill that progressives in her caucus have threatened to oppose. “We’re on a path to win the votes,” Pelosi told reporters earlier today. “I don’t want to… Read more »

The House and Senate both passed a short-term spending bill today that will fund the government into early December, staving off a government shutdown. The Senate took the first steps this afternoon by passing a stopgap bill that sustains federal spending until Dec. 3 while providing billions of dollars for hurricane relief and to assist… Read more »

The IRS is preparing for the implementation of a global tax deal this fall, according to a Treasury official who spoke at a Tax Executives Institute event this week. The Organization for Economic Cooperation and Development (OECD) is close to reaching agreement among nearly 140 countries on a global tax overhaul to address how “consumer-facing”… Read more »

The majority of House Republicans are planning to oppose the Senate-passed, bipartisan infrastructure bill when it comes to a vote on Monday. House Democrats have linked the infrastructure bill’s fate to passage of a broad $3.5 trillion social spending package that has generated infighting between moderate and liberal Democrats. Republicans don’t seem in a rush… Read more »

With President Biden’s economic agenda on the verge of collapse, congressional Democrats are planning to work through the weekend to craft a budget reconciliation package that can pass both chambers. Biden spent most of yesterday attempting to resolve substantial differences between moderate and progressive Democrats on the size and scope of the proposed spending in… Read more »