Congress
Senate Committee Considers OMB Nominee Amid Impoundment Concerns
The Senate Budget Committee's rescheduled business meeting on federal spending authority reflects ongoing tensions over executive power and the proper use...
Senate Hears U.S. Postal Service Restructuring Plan
The Postal Service faces an existential cash crisis. At a Senate hearing on June 24, 2026, Postmaster General David Steiner warned the agency could run out...
Healthcare Fraud: Billions Lost, Lives at Stake
Medicare and Medicaid lose tens of billions of dollars each year to fraud, waste, and abuse — and the political pressure to address that drain is...
Vulnerabilities Surface in Government System Managing Trillions
Every year, the federal government produces a consolidated financial report covering trillions of dollars in revenue, spending, and debt. That report, along...
U.S. Debt Hits WWII-Era Milestone
The United States is staring down a federal debt crisis that has been decades in the making, and the government's own nonpartisan watchdog is now saying, in...
Commissioners Reject Postmaster's Borrowing Plan
Why it matters: The House Subcommittee on Government Operations convened a Postal Regulatory Commission hearing on June 4 that put the agency's four...
American Fintech Council Hires Akin Gump for Financial Services
The American Fintech Council has retained Akin Gump Strauss Hauer & Feld LLP to lobby on its behalf, according to a new lobbying registration disclosure...
Capitol Maintenance Crisis: $2.6B Backlog Faces Budget Cuts
Why it matters: The Senate Legislative Branch Subcommittee held a FY2027 legislative budget hearing on May 12 where senators were told the Capitol campus...
General Business Credit Framework Creates Unnecessary Complexity
A quiet but consequential Congressional Research Service report published April 29 is drawing fresh attention to a tax mechanism that touches nearly every...
Court Ruling Reshapes Self-Employment Tax for Managers
A federal appeals court decision handed down in January is creating serious headaches for the IRS — and potentially opening a significant tax break for fund...
Is The Federal Government Too Reliant on Short-Term Debt?
The United States is projected to add an average of $2 trillion to its national debt every year through 2036. That is not a worst-case scenario. That is the...
Congress Eyes 3% Deficit Cap as US Debt Hits Crisis Level
Why it matters: The House Budget Committee held a hearing on March 26, 2026, to examine whether a 3% deficit-to-GDP ratio could serve as a binding fiscal...
Congress Warns $370B Building Crisis Demands Strategy, Not Speed
Why it matters: The House Appropriations Subcommittee on Financial Services and General Government convened a hearing March 26 on the Federal Buildings Fund...
Tax Bills Target Wildfire Victims, Crime Survivors’ Relief and Lobbying Abounds
Why it Matters The House Ways and Means Committee is scheduled to take up five distinct tax and revenue bills […]
Sen. Wyden Signals Intent to Force Vote on Bill Taxing Away Trump's $10 Billion IRS Lawsuit Windfall
Sen. Ron Wyden is back with a sharpened weapon in Democrats' fight against what they call presidential self-dealing — and this time, the Internal Revenue...
Committee Probes $50B Federal Building Crisis
The federal government is sitting on a $50 billion deferred maintenance crisis across its building portfolio — and the fund Congress created to address it...