Category: House of Representatives

As Tax Season Starts, a Beleaguered I.R.S. Looks to Bolster Customer Service

The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in more audits.
The U.S. Hit Its Debt Limit. What Happens Next?

The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.
Months Before a Potential Crisis, Both Parties Kick Off a Fiscal Blame Game

As the Treasury Department begins taking steps to avoid hitting the debt limit, Republicans and Democrats are positioning themselves politically for a drawn-out fight.
America Set to Hit Its Borrowing Limit Today, Raising Economic Fears

The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan warfare.
The Costuming of George Santos

Throughout history, clothes have maketh the con man.
Wall Street Sets Low Expectations for Corporate Earnings

Earnings season kicks off this week, and analysts expect a big drop in corporate profits and more announcements about layoffs.
Speaker Drama Raises New Fears on Debt Limit

An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
C-SPAN and Cable News Get a Boost From the House Speaker Vote

C-SPAN, the low-fi cable network beloved by the Congressional cognoscenti, has gotten a major boost in attention for its coverage of the House floor, now the site of a political battle for the ages.
Republicans’ Internecine Conflict Is Mirrored in Conservative Media

National Review has called the House leadership votes “an embarrassing spectacle.” Others have cheered it on.
Kevin McCarthy’s Business Ties Complicate His Rise to Power

To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.
Tesla Investors Fear for a Tough 2023

A huge sell-off wiped billions of dollars from the electric carmaker’s market capitalization on Tuesday. Analysts see more trouble ahead.
How Sam Bankman-Fried Negotiated His Bail

Intense legal wrangling led to the disgraced crypto mogul paying virtually nothing to live with his parents ahead of his upcoming trial. He returns to court on Tuesday.