Trump signs crypto bill into law
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Beautiful Bill, tax policy center
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The Republican-led Congress had passed President Donald Trump’s request to claw back about $9 billion in public broadcasting and foreign aid spending.
Having never expanded Medicaid, Texas avoided most of the federal cuts other states will face. But the Affordable Care Act is a different story.
The step forward came after several Republican holdouts ultimately flipped their votes after receiving assurances from GOP House leaders that one of the measures -- a bill to prevent the Federal Reserve from issuing a central bank digital currency (CBDC) -- would be attached to the must-pass National Defense Authorization Act.
In some cases, GOP members of Congress have said legislation they supported will need to be fixed down the road. In others, they've backed off explicit threats to vote "no."
About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — think it will do more to hurt than help low-income people. About half say it will do more harm than good for middle-class people and people like them.
Crypto companies such as Coinbase Global and Circle have sought legislation to bring regulatory clarity to their businesses after costly battles with regulators under the Biden administration. They found allies in Trump and many Republicans after pouring money into last year’s election.
Senate GOP appropriators to bring a package of spending bills to the floor before the August recess, Chair Susan Collins said Thursday.
The Republican-led Congress is moving to cancel over $9 billion in previously approved public broadcasting and foreign aid funds at President Trump's request. The Senate narrowly approved cuts including over $1 billion from public broadcasting (PBS, NPR) and $7.9 billion from various foreign aid programs.
The House on Thursday passed a bill setting up a regulatory framework for payment stablecoins, sending the cryptocurrency bill to President Trump’s desk and marking a major win for the industry. Lawmakers voted 308-122 to pass the GENIUS Act following a tumultuous “crypto week” in the chamber that saw competing GOP factions bring the
Trump's "big, beautiful bill" has overhauled Biden-era renewables programs, which experts say will raise energy costs nationwide.
North Carolina Rep. Mark Harris and Tennessee Sen. Marsha Blackburn will introduce bills to remove the National Education Association’s federal charter.