Finance + Economy
What’s next for Jason Smith’s tax policy groups
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House
The politics of rate cuts are going to get worse
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Finance + Economy
Inflation isn’t going away soon. What does it mean?
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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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Direct File wrapped: The stats on year one
The Treasury Department and IRS just finished their first test run of a free, online tax filing system and they’re out with some stats today.
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Finance + Economy
Dick Durbin swipe fee hearing remains in limbo
Durbin isn’t sure whether he has the votes to subpoena a quartet of executives representing the aviation and payments industry.
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Finance + Economy
Tom Cole makes his mark on earmarks
Tom Cole is shaking up the earmark process, and Democrats aren’t happy about it, claiming this is all about cutting off funding to LGBTQ-related projects.
House
The US economy is on a tear. Will it keep up?
The American economy is on a hot streak. We’ll have a better idea of just how hot it is — and whether that might be a problem — later this morning when the Commerce Department releases Q1 GDP data.
The Vault
Ways and Means GOP names 2025 tax policy groups
House Ways and Means Committee Republicans set up 10 working groups for different parts of the 2017 GOP law set to expire.
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Finance + Economy
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Inflation isn’t going away soon. What does it mean?
The Federal Reserve’s favored inflation index came in hotter than expected in March, showing that price increases have ticked up slightly from earlier this year.
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Finance + Economy
Democrats press CFPB to finish crackdown on overdraft fees
Led by Sens. Chris Van Hollen and Cory Booker, the Democrats asked Chopra to “act with urgency to finalize this rule.”
The Vault
After TikTok, are more Big Tech hits coming?
While tens of billions of dollars in foreign aid was at the center of the national security supplemental Congress passed this week, it’s a potential TikTok ban that’s capturing many Americans’ attention.
Policy
Jim Jordan ramps up his inside game
In October, House Judiciary Committee Chair Jim Jordan suffered the most humiliating defeat of his political career.
House