An aggressive industry campaign against a Biden administration proposal to report bank account information to the Internal Revenue Service continued on Thursday as more than 100 trade groups and other organizations sent a joint letter to congressional leaders voicing opposition to the proposal.
The Senate passed a bill 92-7 on Thursday to extend the deadline for business owners to apply for forgivable loans through the Paycheck Protection Program, giving applicants two more months to apply for federal aid.
After months of shadowboxing amid a tense and toxic campaign, Capitol Hill’s main players are returning for one final, perhaps futile, attempt at deal-making
House Speaker Nancy Pelosi reported some progress in advance of a Tuesday deadline for reaching a pre-election deal with President Donald Trump on a new coronavirus relief package, but the same core problems bedeviling the effort remain in place despite optimistic talk from the president and his team.
At least there won’t be a government shutdown. But as lawmakers straggle back to Washington for an abbreviated preelection session, hopes are dimming for another coronavirus relief bill – or much else.
U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve officials said at a policy meeting last month.
Federal Reserve Chairman Jerome Powell stressed Wednesday that the federal government’s role in strengthening the U.S. market in the face of a recession is vital in preventing a worsening of economic inequality.
With a key coronavirus rescue fund nearly exhausted, negotiations are accelerating in Washington over President Donald Trump’s $250 billion emergency request to help smaller employers across the country keep workers on their payroll.
U.S. Rep. Ayanna Pressley helped launch a new Congressional caucus Thursday morning, one that plans to make equity, access and sustainability points of emphasis as it considers how transportation systems around the country can prepare for the future.
With Boston and other major cities in the grip of housing crises, federal help is needed more than ever to build enough affordable housing to meet the need.
The U.S. House of Representatives on Wednesday approved a bill reaffirming the right of a Massachusetts tribe to hold land in trust, a crucial step to building a $1 billion casino.
It’s Christmas time for special interests, and Democrats could throw a wrench in the works
The regulatory relief party may be over in Congress, but credit union trade groups do not seem terribly upset about the results of midterms.
Massachusetts officials are sounding the alarm over a possible loss of federal money for certain health care programs, and advocates said its impact has already hit community health centers.
The National Association of Realtors (NAR) reaffirmed today that while it supports reforming the federal tax code, it “vowed to vigorously oppose any changes to incentives for real estate” in the proposed changes announced by Trump administration this morning, the details of which will be deliberated by Congress going forward.
Secretary of State William Galvin sent a letter to Rep. Richard Neal (D-Massachusetts), ranking member of the tax-writing Ways & Means Committee and dean of the Massachusetts delegation, urging him to preserve the home mortgage interest deduction.
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strengthening labor market.
