The senator said that the GENIUS Act, as it’s written, should be struck down, fearing that it would be a “huge giveaway to Big Tech.”
Category: Law and Legislation
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Deficit Politics Returns in Debate Over Trump Tax Cuts
The legislation that Republicans are trying to push through Congress could swell the very fiscal imbalance that party leaders have promised to tame for years.
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Trump and Musk’s Unlikely Alliance Breaks Down in Rapid and Public Fashion
The sudden fallout ended a nearly yearlong partnership, during which Mr. Musk helped propel Mr. Trump to the White House and became one of the president’s top advisers.
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Here’s the latest.
The open acrimony between the two men comes after the billionaire denounced President Trump’s signature domestic policy bill as an “abomination.”
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Republican Policy Bill Would Add $2.4 Trillion to Debt, Budget Office Says
The estimate from the nonpartisan Congressional Budget Office is all but certain to inflame an already intense debate inside the G.O.P. about the fiscal consequences of their bill to enact President Trump’s agenda.
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Economists Question G.O.P. Bill: Why Increase the Deficit in Good Times?
Huge deficits are already making bond investors nervous. Economists warn that could make it harder to respond to future crises.
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Supreme Court Curbs Scope of Environmental Reviews
The question for the justices was whether an agency had complied with a federal law by issuing a 3,600-page report on the impact of a proposed railway in Utah.
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Trump’s Plan to Revive US Shipbuilding Would Take Billions and Many Years
President Trump and members of Congress want to revive U.S. shipbuilding with subsidies and penalties against Chinese-built ships. But there are obstacles.
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House Bill Takes Aim at Tax Break for Sports Owners
The legislation cuts in half a tax write-off potentially worth hundreds of millions to some professional sports team owners.
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House Bill Takes Aim at Tax Break for Sports Owners
The legislation cuts in half a tax write-off potentially worth hundreds of millions to some professional sports team owners.
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Electric Vehicles Died a Century Ago. Could That Happen Again?
Battery-operated vehicles were a mainstay more than a hundred years ago, but only a few still exist — one happens to be in Jay Leno’s garage.