Casey pushes review of U.S. investments in China but hits roadblock in House
The Senate approved the so-called “outbound investment” amendment, 91-6, to its version of the National Defense Authorization Act in July, with proponents arguing it was needed to keep adversaries around the globe from gaining access to sensitive technologies funded by U.S. dollars.
Louisiana’s Steve Scalise and Ohio’s Jim Jordan jump into race for U.S. House speaker
WASHINGTON — Majority Leader Steve Scalise of Louisiana and Rep. Jim Jordan of Ohio announced Wednesday they will seek the U.S. House speaker’s gavel after Kevin McCarthy’s unprecedented ouster brought the lower chamber into uncharted territory. Eight dissident Republicans joined Democrats to unseat McCarthy Tuesday, leaving a vacuum of GOP leadership and bringing an abrupt […]
Biden administration chooses first 10 drugs for Medicare price negotiations
The Inflation Reduction Act also made common adult vaccines, including shingles and TDAP, free for certain Medicare enrollees. Monthly insulin costs for Medicare enrollees were also reduced to $35 for Part D beneficiaries as part of the IRA, and beginning in 2025 annual out-of-pocket prescription drug costs will be capped at $2,000.
That 1% cut in federal spending in the debt limit law? It’s complicated.
WASHINGTON — The debt limit law Congress approved earlier this year included a much-publicized provision that would cut all federal spending by 1% if Republicans and Democrats fail to reach agreement on the dozen government funding bills before Jan. 1. That sounds pretty threatening. But, the across-the-board automatic spending cut wouldn’t actually have any real-world […]
Vulnerable U.S. House Republicans who opposed student debt plan targeted in 2024
The White House lambasted the decision and announced what it called new actions to provide debt relief for student loan borrowers, including its Saving on a Valuable Education, or SAVE, plan, which the administration says will cut payments for low earners.
Biden administration to crack down on ‘junk’ health insurance plans, surprise billing
The administration is providing guidance to hospitals that patients are either in-network, with the costs for their health care falling under billing limitations in the Affordable Care Act, or it is out-of-network care and billing costs are covered by a federal law known as the No Surprises Act.
Congressional farm leaders split over work requirements for food aid, climate funds
Thompson suggested the House Agriculture Committee could request the House Appropriations Committee reappropriate Inflation Reduction Act funds to the farm bill baseline, given the House’s jurisdiction over federal spending granted in Article I of the Constitution.
U.S. House GOP pushes through debt ceiling increase coupled with massive spending cuts
GOP leaders passed the Limit, Save, Grow Act by a margin of 217-215 after late-night maneuvering Tuesday into early Wednesday to pacify party holdouts who demanded expedited work requirements for assistance for low-income Americans and Midwestern lawmakers who wanted ethanol tax credits restored.
U.S. House GOP plan would expand work requirements for food aid for older adults
House Speaker Kevin McCarthy’s Limit, Save, Grow Act proposes returning discretionary spending to fiscal 2022 levels in exchange for raising the nation’s borrowing limit, often called the debt ceiling, by $1.5 trillion — but only through March 31, 2024, at the latest.
U.S. Senate panel probes how crypto mining increases energy consumption
Crypto mining in both Nebraska and Pennsylvania was discussed in particular by the members of the panel of the Senate Committee on Environment and Public Works.
Fossil fuel drilling threatens air and wildlife in national parks, advocacy group finds
Environmental problems like these are already resulting from fossil fuel extraction near four federally protected lands — and could become even wider problems if the federal government doesn’t bolster protections, the Coalition to Protect America’s National Parks said in a recent report.
USDA to use outdoors recreation to boost economy around national forests, grasslands
The USDA program is an acknowledgement from the government about the clear economic benefits of the outdoor recreation sector for rural areas, Chris Perkins, the senior director at the industry and nonprofit coalition group Outdoor Recreation Roundtable, said.