Punchbowl News’ pipeline from Washington to Wall Street.
Waters pushes CFTC commissioner for senior Treasury gig
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Finance + Economy
Democrats propose mortgage access bill, plus IRS updates on $60B
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Finance + Economy
The Federal Reserve's price war drags on
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Finance + Economy
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Introducing the Vault
Dive into Punchbowl News’ coverage of the pipeline from Washington to Wall Street. Get insights from top lawmakers, breaking news and expert analysis.
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A lot of small business owners are up for grabs in 2024
More than a fifth of small business owners remain undecided on who they’ll support for president in 2024, according to Goldman Sachs survey data
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Finance + Economy
How weed descheduling will, and won’t, affect SAFER
The Drug Enforcement Administration appears poised to propose a downgrade of the federal scheduling of marijuana from Schedule 1 to Schedule 3 substance.
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Finance + Economy
Yellen hearing spotlights tax battle, French Hill’s fighting words
With this fall’s elections drawing closer, lawmakers’ focus is shifting to the 2025 cliff when much of the GOP tax cuts expire.
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Finance + Economy
Yellen to tout tax season success at Ways and Means hearing
Yellen will make a trip to the House Ways and Means Committee, where she’ll lay out priorities in the Biden administration’s tax agenda including a “billionaire minimum tax” and higher taxes on stock buybacks.
The Vault
Schumer pushed for FAA to include weed, stablecoin reforms
Chuck Schumer pushed for the reauthorization of the FAA to include cannabis banking reform and a measure regulating stablecoins.
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Finance + Economy
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Waters pushes CFTC commissioner for senior Treasury gig
The top Democrat on the House Financial Services Committee sent a letter advocating for Commodity Futures Trading Commissioner Kristin Johnson to serve as the Treasury Department’s next assistant secretary of financial institutions.
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Finance + Economy
Capitol Hill picks Scott as Trump’s running mate
Scott was the only Republican candidate besides Trump to receive endorsements from GOP senators from outside his home state.
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Capitol Hill
NRSC chair weighs in on abortion, Trump, fundraising, more
NRSC Chair Steve Daines sat down with a group of reporters this morning at an event hosted by the Christian Science Monitor, taking questions about Republicans’ efforts to capture the Senate majority in November.
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Senate
Democrats propose mortgage access bill, plus IRS updates on $60B
A pair of Democrats is out with a bill this week aimed at making mortgages more accessible for potential homebuyers who speak limited English.
The Vault
Finance + Economy