The House is continuing to move forward with its appropriations process, writing and moving bills for the FY 2025 budget. The House and Senate Appropriations Committees will need to agree to and pass twelve funding bills, either separately or in a package together, on or before September 30th, or pass a continuing resolution (CR) to
This week is Congress’s last week in session before the beginning of the Memorial Day recess next week. Both chambers are working hard to make this a productive time – there are multiple hearings happening in both the House and Senate and several bills to be introduced this week. On May 16, 2024, the new
On April 11th, 2024, the House Committee on Ways and Means held a hearing entitled “Expanding on the Success of the 2017 Tax Relief to Help Hardworking Americans,” with the intent to discuss the impacts of the Tax Cuts and Jobs Act (TCJA), enacted by former President Donald Trump, and consider upcoming 2025 tax policy.
On Saturday, March 23, 2024, President Biden signed the final six appropriations bills into law, bringing the drawn-out FY 2024 appropriations process to a close at last. Although government funding ran out at midnight on Friday March 22, because it was a weekend and the bill was signed quickly, the impact of the brief government
This year the President’s budget was released on Monday, March 11, 2024. The fiscal year (FY) 2025 budget begins on October 1, 2024. This is the fourth budget for the Biden Administration. Due to the unusual FY 2024 budget situation, it was delayed by one month from the statutory first Monday in February outlined under
The Tax Relief for American Families and Workers Act, the tax bill that includes a small but significant expansion to the child tax credit, continues to be stalled in the Senate after passing the House in a 357-72 vote, a major win in a Congress that has not been marked by bipartisan agreement and has
On Thursday, March 7, 2024, President Biden delivered his third State of the Union Address before members of Congress, Supreme Court Justices, and invited guests. He used the opportunity to highlight policy advancements that have happened during his administration, declared that “the State of the Union is strong and getting stronger.” The President started with
Congress passed the first six Appropriations bills for 2024 last week. On Wednesday, March 6th, 2024, the House voted 339-85 to advance the package to the Senate; because the bills did not go through the Rules Committee, Speaker Mike Johnson (R-LA) had to rely on significant support from House Democrats to get the 2/3 majority
On Thursday, March 7th, 2024, ahead of the President’s State of the Union Address, the House Budget Committee Chairman Jodey Arrington (R-TX) and Speaker Johnson announced a budget resolution for FY 2025. According to Chairman Arrington’s executive summary, the goal of this budget resolution is to reduce the deficit and curtail federal spending. The House
On February 28, 2024, House Speaker Johnson (R-LA), Senate Majority Leader Schumer (D-NY), Senate Minority Leader McConnell (R-KY) and House Minority Leader Jeffries (D-NY) along with House Appropriations Committee Chairwoman Granger (R-TX) and Ranking Member DeLauro (D-CT) and Senate Appropriations Committee Chair Murray (D-WA) and Vice Chair Collins (R-ME) released a statement unveiling a new
