Politics and Government

House passes funding bill

Democratic and Republican lawmakers may be on the same page, with the U.S. House of Representatives voting on a bill to fund the government into the next fiscal year, beginning October 1. But there’s a lot more than keeping Washington’s lights on in this congressional resolution.

Congress returns

Members of the house and senate returned after a five-week summer recess and lawmakers have a lot on their plates, but will anything get done?

Bill Clark and Douglas Graham | CQ Roll Call | Getty Images
Sen. Kay Hagan and Thom Tillis

RALEIGH, N.C.—Every important element in the battle for control of the U.S. Senate comes into focus here in North Carolina. The race features a Democratic incumbent, Kay Hagan, whose party is counting on her winning a second term to hold its majority. Just like five of her Democratic Senate colleagues. It takes place in a state …

Nikki Kahn | The Washington Post | Getty Images
Iowa Senate candidates Joni Ernst and Bruce Braley

DES MOINES, Iowa—This crucial battleground in the Republican-Democrat fight for control of the U.S. Senate has scrambled terms of engagement in the politics of class. Democratic Bruce Braley makes his party’s familiar arguments against Republican Joni Ernst. He slams her for opposing a minimum wage increase, for entertaining the idea of privatization for Social Security, …

Administration & tax inversions

The U.S. treasury is taking steps to block U.S. companies from reorganizing overseas to avoid taxes. What power does the administration have over these tax inversions?

Jewel Samad | AFP | Getty Images
Rep. Paul Ryan

Rep. Paul Ryan wants to change his image. The Wisconsin Republican gained a national reputation early on in President Barack Obama’s administration as a fearless deficit hawk battling to cut government spending—a profile that helped him win the vice presidential nomination on Mitt Romney’s 2012 ticket. Read More Paul Ryan wants choice in delivering aid to poor Now, the House Budget chairman, …

The state of Medicare and Social Security

The trustees who oversee the financial health of the government’s two largest benefit programs has released their annual report and there’s some positive news for Medicare. The report shows its funding outlook has improved and that the program’s hospital trust fund won’t be exhausted until 2030, four years later than last year’s estimate. Meantime, Social …

Esteban Felix | AP Photo
Chiquita Brands is one of the companies that did a corporate "inversion" deal this year

A once-obscure tax dodge known as a corporate “inversion” is turning the debate over U.S. tax reform upside down. In an inversion, a U.S. company sets up or buys another company in a country with a lower corporate tax rate and then calls the new country home—thereby dodging U.S. taxes it would otherwise have had …

New money market rules

The Securities and Exchange Commission voted to end a long-time staple of the investment industry today: the fixed $1 a share price for money market mutual funds, in order to keep that $2.3 trillion market safe in the event of another financial crisis.

Source: The White House
President Barack Obama speaking at the White House July 21, 2014.

President Barack Obama called for Russia to make good on its claims of wanting an open investigation into the crash of the Malaysia Airlines flight in Ukraine last week. “The burden now is on Russia to insist that the separatists stop tampering with the evidence, grant investigators who are already on the ground immediate, full …

Net neutrality

The deadline to comment on one of the FCC’s most controversial proposals is fast approaching and dividing some of the biggest players on the internet.

David A. Grogan | CNBC
Treasury Secretary Jack Lew (l) talks with CNBC's Jim Cramer at the Delivering Alpha conference, July 16, 2014.

Congress needs to pass sweeping tax measures to keep companies from moving their operations overseas, Treasury Secretary Jack Lew said Wednesday. Speaking about so-called inversions, in which companies change their domiciles to other countries with more favorable tax structures than the U.S., Lew said action has to be taken soon. JPM’s Erdoes: Bond inflows ‘gives me great …

Immigration compromise?

Washington lawmakers are moving closer to a compromise on President Obama’s request for nearly $4 billion in emergency spending on the border crisis. Any deal would likely include policy changes to expedite the return of tens of thousands of children who’ve been streaming across the U.S. border with Mexico back to their home countries.

Immigration crisis

President Obama heads to oil country later today, attending a democratic fundraiser in Texas. He won’t be visiting the boarder where tens of thousands of illegal immigrants, many of them children have recently entered the U.S., but the President is urging Congress to provide almost $4 billion to deal with the immigration crisis.

Source: U.S. Coast Guard | Flickr
Construction of Coast Guard Headquarters at St. Elizabeths.

Construction on the Department of Homeland Security‘s new headquarters has already fallen behind more than 10 years, and now its completion faces more obstacles as Congress recommends slashing the project’s budget or cutting it entirely. The Obama administration has requested $323 million for the headquarters in fiscal 2015, but both houses of Congress have recommended cuts, The Washington Post reported. …