Capitol Hill

In a significant development, U.S. Congressional leaders have reached a consensus on a bipartisan deal to extend government funding, thereby averting the looming December 20 shutdown deadline. The legislation, revealed on Tuesday, extends the funding deadline to March 14, 2025. This move allows the...

The recent departure of lawmakers from Capitol Hill has drawn significant attention, with many citing entrenched acrimony amidst Republicans barely clinging to a narrow House majority. However, the toll of the gridlock and partisanship on senior congressional staffers cannot be overlooked...

Mark Zuckerberg's quick takedown of Center for Humane Technology co-founder Tristan Harris's claims of Meta AI being unsafe left attendees of a Capitol Hill hearing laughing their guts out. What Happened: Harris used a private hearing with U.S. lawmakers and tech experts to highlight the risks of...

Nikki Haley, a 2024 Republican presidential candidate and former South Carolina governor, expressed support for Sen. Mitch McConnell‘s (R-Ky.) decision to step down, emphasizing the need for fresh leadership within the party and at the White House. What Happened: In a tweet on Thursday, Haley...

At a meeting on Capitol Hill, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk and Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg, along with other industry leaders, discussed the need for AI regulation in the U.S., setting aside their rivalry for this crucial...

Fitch Ratings downgraded the U.S. credit rating from AAA to AA+. Richard Francis, a senior director at Fitch Ratings, told Reuters that the decision, which caught investors off guard, stems from fiscal worries, perceived governance decline, and increased political polarization — notably...

Senator Ted Cruz (R-Texas.) is proposing a new concurrent resolution that could see crypto accepted as a legitimate form of payment for vendors at the Capitol Hill complex. What Happened:  If passed, the Architect of the Capitol, Secretary of the Senate, and Chief Administrative Officer of the...

Following a successful midterm election, Joe Biden is all set to begin the second half of the first term of his presidency. Biden Traverses Bumpy Road: The ride for Biden thus far has been bumpy. The ascension to the highest office did not go smoothly as his predecessor Donald Trump took...

Elaine Chao, who served as transportation secretary under former U.S. President Donald Trump, reportedly told the House committee investigating the Jan. 6 Capitol riot that the decision to quit following the insurrection was hers. What Happened: “I think the events at the Capitol,...

Big tech continues to take measures to deter further unrest after the Capitol Hill violence last week. Amazon.com, Inc (NASDAQ: AMZN) said that it is removing some products related to the QAnon conspiracy theory, the Wall Street Journal reports. What Happened: Following...

As the 116th Congress convenes today, changes in leadership among House and Senate committees will be important to the success or failure of an infrastructure agenda. Will that agenda find bipartisan support by politicians looking to score political points on Capitol Hill and within the Trump...

President Donald Trump has found able allies among the corporate sector for his Border Adjustment Tax. Some blue chip corporations, thriving primarily on domestic business and exports, have banded themselves under the "American Made Coalition" and written to Congress to accelerate the...

Changes to the U.S. bankruptcy code to make the bankruptcy of big banks more feasible is "gaining steam" on Capitol Hill. According to the Wall Street Journal, changes to the bankruptcy code were included in a financial-services budget bill the U.S. House of Representatives passed on Thursday....

On Tuesday the House Ways and Means Committee sent a package of bills to the House floor, that would cost American taxpayers hundreds of billions of dollars over the next ten years by making permanent tax provisions multinational corporations use to avoid U.S. tax. “For all of the talk in...