US national debt nears $31 trillion and counting
The Biden administration has claimed progress reducing the annual budget deficit, but total U.S. debt continues to climb to record highs.
House GOP re-election committee ups ante in bid to win back chamber’s majority in midterms
The House GOP re-election arm says it will spend an additional $28 million between now and the midterm elections to run TV ads as part of its push to win back the House majority.
CBO says Democrats' tax hike and social spending bill will increase IRS enforcement on middle class
The CBO expects audits to increase slightly on middle class taxpayers, and says other enforcement actions will increase regardless of income bracket.
Planned Parenthood midterm spending to top record $50M after Supreme Court abortion ruling
The nation's largest abortion provider, Planned Parenthood, is set to drop a massive $50 million on political advocacy and election ads heading into the midterms.
Energy reps say Dems' spending, tax and climate bill 'bad idea' during recession as House preps final vote
Industry representatives, Sen. Joe Manchin and others are still debating competing claims on how Democrats' spending and tax bill will affect U.S. energy.
Rep. Malinowski ‘concerned’ by Paul Pelosi’s stock trades, despite facing own ethics review
Rep. Tom Malinowski, D-N.J., wants to prohibit Congress members from owning and trading stock after facing his own ethics review for trades he made during the COVID-19 pandemic.
US goods trade deficit narrows sharply; core capital goods shipments strong
The United States trade deficit in goods shrank considerably in the month of June after a surge in exports. This news could potentially the fears of a potential recession.
Gun manufacturer CEOs testifying at hearing examining their roles in mass shootings
CEOs from Sturm, Ruger & Company and Daniel Defense will appear before the House Oversight Committee on Wednesday at a hearing about their roles in mass shootings.
Nancy Pelosi's husband buys over $1 million of computer chip stock weeks before vote on industry subsidies
House Speaker Rep. Nancy Pelosi's husband, Paul Pelosi, made a purchase between $1 million and $5 million of stock in a semiconductor company.
Inflation could mean record-high Social Security cost-of-living adjustment next year
The Social Security cost-of-living adjustment in 2023 could be the largest increase since 1981, but that's not necessarily good news for retired Americans.
Congress calling gun manufacturer CEOs to testify following mass shootings
The CEOs of three leading American gun manufacturers have been called upon to testify at an upcoming House Oversight Committee hearing following a string of mass shootings.
GOP Rep. Johnson says Biden not doing nearly enough on inflation despite signing shipping bill
Rep. Dusty Johnson was one fo the leading co-sponsors of the Ocean Shipping Reform Act in the House. President Biden is expected to sign the bill Thursday.
House GOP targets Biden agriculture policies it says could put small farms out of business
House Republicans are introducing a bill to undo President Biden's policies on agriculture and undo a proposed SEC rule lawmakers say will hurt small farms.
Inflation could mean highest Social Security cost-of-living adjustment since 1981
Social Security recipients could receive a cost-of-living adjustment of 8.6% in 2023 -- the result of scorching hot inflation that has quickly eroded retirees' purchasing power.
House Republican Rep. DesJarlais to introduce new bill to block Biden student loan relief
The new bill expands the scope of exceptions and simplifies language that was used in its Senate counterpart, which Sen. Mitt Romney introduced last month.
Social Security benefits likely to climb by 8% next year, official says
Roaring inflation could result in the largest cost-of-living adjustment in decades for Social Security recipients, who have seen their buying power rapidly diminish this year.
House GOP press Biden energy officials on prep for potential summer outages amid green energy push
House Energy and Commerce Republicans pointed to NERC's recent assessment warning of potential outages this summer and probed the administration on their plan to address the problem.
Go-broke dates pushed back for Social Security, Medicare
The time frame for Social Security and Medicare to go-broke has been pushed back, helped by a stronger-than-expected economic recovery from the coronavirus pandemic.
SEC's proposed ESG rule will leave small farms in the lurch, lawmakers from both parties say
A group of more than 100 Republicans and two vulnerable House Democrats is pressing the SEC to change course on a proposed ESG reporting rule.
House of Representatives to give staff free Peloton memberships, costing taxpayers
The House of Representatives is planning to announce they will give staffers in Washington, D.C., and in district offices, free Peloton memberships using taxpayer dollars each month amid skyrocketing inflation.