May 15, 2024
Funds

$400 million boost in federal funds for security at places of worship

FILE – Sen. Majority Leader Chuck Schumer, D-N.Y., talks after a policy luncheon on Capitol Hill Wednesday, May 1, 2024, in Washington. Schumer announced Sunday, May 5, a $400 million increase in federal funding that will be available for security in houses of worship. Places like mosques and synagogues can apply to use the money

Read More
Crypto

Schumer Carries Water for Crypto

Senate Majority Leader Chuck Schumer (D-NY) surprised and pleased longtime critics of his frequent role as Wall Street’s man in Washington by stepping up to his new job and becoming an effective floor leader for President Biden’s expansive progressive programs. However, when it comes to insider deals for the financial industry, Schumer can still be

Read More
Loans

FAA Bill Includes ‘Test Flight’ for Banning Student Loan Forgiveness

Campaigners have issued a “red alert” over language included in the 2024 Federal Aviation Administration Reauthorization Act that could pave the way toward banning student loan cancellation. The current draft of the routine bill bars executive branch officials from cancelling or forgiving student loans taken out to pursue flight training or education at the undergraduate

Read More
Finance

Biden signs $1.2 trillion spending plan, avoiding government shutdown

The Senate voted for a $1.2 trillion spending plan to fund the government early Saturday morning, avoiding a shutdown and sending the measure to President Joe Biden for his signature. The White House announced at 1:01 p.m. that Biden had signed the plan. In a statement, President Biden said the bill “keeps the government open,

Read More
Finance

Congress faces a long slog as it tries to avert a shutdown at midnight

Washington has a plan to fund the government but faces a gauntlet of procedural steps in the hours ahead before it can avert a shutdown at midnight on Friday. Congressional leaders released their 1,012 page spending bill on Thursday, covering an estimated 70% of discretionary government spending. It aims to fully fund the government through

Read More
Funds

and Congressional leaders say they’ve reached agreement on government funding

Washington — Congressional leaders announced Sunday they have reached an agreement on the overall spending level for the remainder of 2024 as they seek to avoid a government shutdown later this month.  The $1.66 trillion deal includes $886 billion for defense and $772.7 billion for non-defense spending, Democratic leaders said.  The topline matches that of

Read More