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Lankford presses oil exemption to corporate AMT
Lankford is dropping his bill that would allow big corporations subject to the tax to consider intangible drilling costs in their adjusted financial statement income.
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Finance + Economy
Crapo on the current policy baseline, reconciliation next steps
Crapo has stayed clear of the House vs. Senate debate over reconciliation strategy. But he acknowledged that’s been a hangup as Republicans try to craft legislation.
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Finance + Economy
Scott Bessent glides through Finance
Bessent’s nomination has largely flown under the radar since Trump announced the pick, which is great news for the hedge fund billionaire.
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Finance + Economy
Steil wants Congress to go big and bigger on crypto
Rep. Bryan Steil will be only the second lawmaker to hold a crypto-focused gavel in the House following now-HFSC Chair French Hill.
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Trump tariffs cause a K Street stir
The looming threat of potentially big-time, across-the-board tariffs from the new Trump administration is spooking K Street.
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Polling
Popular
K Street, Hill confident Thune will be effective
Thune is already flexing his leadership muscle by forcing a Friday night vote to confirm Pete Hegseth for defense secretary.
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Polling
Appropriators may loosen earmark rules
House Appropriators are considering making some changes to the earmark process that would allow members to send more money back to their districts.
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House
Mike Rounds sounds objection to GOP spectrum plans
Rounds' opposition highlights the challenges of crafting a massive bill that nearly every congressional Republican will have to be okay with.
Tech
Senate
Congress doesn’t love Trump’s meme coin
Republican and Democratic lawmakers aren’t exactly jazzed about the meme coin project launched by Trump just hours before his inauguration.
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Finance + Economy