Democrats press corporations on lobbying spending ahead of tax fight
Democrats want to know how much money big corporations are paying major lobbying groups to court lawmakers before the tax law is scheduled to expire next year. Heads of large companies including Netflix, Ford and Tesla received letters from Democratic lawmakers demanding details of their lobbying budgets and whether their corporate boards would approve them. […]
Harris backs minerals stockpile, permitting reform, climate-friendly tax credits
Vice President Harris announced her economic policy this week, supporting increasing domestic mineral production and creating mineral reserves. According to a press release from her campaign, the campaign plans to use wartime powers under the Defense Production Act to build stronger mineral supply chains and reduce reliance on China. in The plans are posted on […]
Second quarter GDP locks in at 3 percent growth
U.S. gross domestic product (GDP) grew at an annualized rate of 3% in the second quarter, signaling the economy's strong performance in a high-interest rate environment set by the Federal Reserve. The Commerce Department's third estimate of actual GDP growth came in at 3%, confirming its second estimate, which also came in at 3%. Both […]
Mark Cuban: Trump 'talks a good game' on economy
Mark Cuban said Wednesday that former President Trump “says nice things” about the economy, but “that doesn't mean he's going to get the job done.” “Why is there the perception that President Trump is having a positive effect on the economy?” MSNBC's Nicolle Wallace asked the billionaire investor and TV personality on “Deadline: The White […]
Warren investigation blasts financial adviser perks as fiduciary reforms stall
Financial advisors have long been required to avoid conflicts of interest and act as “fiduciaries,” meaning they must act in their clients' best interests first and foremost. but New Research An investigation by the office of Sen. Elizabeth Warren (D-Mass.) found a “deeply disturbing pattern of secret incentives and compensation” for advisers, including: Expensive travel […]
Lobbying World: Alpine Group names new CEO
Keenan Austin Reed Becoming the next CEO of Alpine GroupPrior to joining Alpine in 2021, she served as Chief of Staff to then-Rep. Donald McEachin (D-VA) and served as State Political Director for the Clinton Campaign in Florida during the 2016 election. She is also the founder of the Alliance of Black Congressional Women, a […]
Boeing workers felt pressure to prioritize speed over quality: FAA report
Boeing factory workers Reported A Federal Aviation Administration investigation into the company, released on Wednesday, found that employees were pressured to prioritize production speed over quality of work. FAA Administrator Mike Whitaker is scheduled to testify about the findings Wednesday afternoon before the Senate Permanent Subcommittee on Investigations, which received a memo on the FAA […]
Jeffries bashes Trump, GOP on SALT
House Minority Leader Hakeem Jeffries, a New York Democrat, on Wednesday criticized former President Trump's reversal of a popular tax cut, noting that Republicans had put the same caps on state and local tax deductions that Trump now says he wants to eliminate. “I find it interesting that Donald Trump and the radical MAGA Republicans […]
Senate sends bill to avert government shutdown to Biden's desk
Senators on Wednesday passed a short-term budget extension bill that would keep the government running through mid-December and avert a pre-election shutdown just days before the deadline at the end of the month. The Senate voted 78-18 to pass a stopgap measure, known as a continuing resolution (CR), that would keep the government's budget at […]
GOP senator opens door to tax negotiations in lame duck session
Sen. Mike Rounds, D-Lausanne, said Wednesday there may be an opportunity to negotiate a tax agreement during the current lame-duck session of Congress ahead of the tax law's scheduled expiration next year. “There's one chance after the election to see if there's enough energy in Congress to say, 'OK, we know what's going to happen […]