Congress

Controversy Surrounds Argentine Congressman Milei for Charging $20,000 for Private Dinners

8 hours ago

The political landscape in Argentina has been shaken by revelations concerning Javier Milei, a congressman known for his unconventional views and extreme libertarian stance. It was reported that during his tenure as a congressman, Milei charged upwards of $20,000 to attend private dinners, sparking a wave of public outrage and calls for accountability.

USTR Greer Set to Defend Trump Tariffs in Upcoming Congressional Hearing

16 hours ago

In a strategic move, U.S. Trade Representative (USTR) Greer is scheduled to testify before Congress next week, where he will advocate for the continuation of tariffs implemented during the Trump administration. These tariffs, which have created a complex landscape for international trade, particularly with China, are likely to be a focal point of intense discussion among lawmakers.

US Treasury Faces Potential Default by August, Warns CBO

6 days ago

The U.S. Treasury Department is in a precarious financial situation, with the possibility of payment default looming as soon as August 2025. This stark warning comes from the Congressional Budget Office (CBO), which has highlighted the urgent need for Congressional action to address the nation’s mounting debt ceiling dilemma.

Congress Backs Milei’s Bold Move: New IMF Deal for Argentina Secured

13 days ago

In a significant political development, Congress has officially endorsed President Javier Milei's controversial decree aimed at facilitating a new agreement with the International Monetary Fund (IMF). This decision comes at a critical juncture as Argentina grapples with severe economic turmoil, marked by soaring inflation and the need for urgent fiscal reforms.

U.S. Postal Service Outlines Ambitious Goals in Letter to Congress

15 days ago

In a recent letter addressed to Congress, the United States Postal Service (USPS) detailed its strategic objectives aimed at enhancing service efficiency and sustainability. This communication comes amid increasing scrutiny regarding the agency's operations and financial status, as well as the ongoing demand for improved postal services amid a rapidly changing marketplace.

House GOP Passes Stopgap Measure, Urging Senate Democrats to Act on Looming Shutdown

21 days ago

In a pivotal move, the House of Representatives, under Republican leadership, has successfully passed a temporary funding bill aimed at averting a potential government shutdown. This resolution comes amid escalating tensions between GOP lawmakers and Senate Democrats, further intensifying the ongoing budgetary stalemate.

Trump's Surprising Endorsement of Musk Makes Waves in Legal Proceedings

27 days ago

In a remarkable turn of events that intertwines politics and technology, former President Donald Trump recently referenced tech magnate Elon Musk during his speech to Congress. This moment quickly gained traction in the courts, underscoring the profound impact of public discourse on ongoing legal matters.

China's Energy Policy Shift: Oil Refiners Urged to Reduce Fuel Production in Favor of Chemicals

28 days ago

In a significant directive aimed at transforming its energy landscape, the Chinese government has mandated oil refiners to cut back on fuel output and transition toward the production of chemicals. This announcement, emerging from the annual session of the National People's Congress (NPC), signifies a pivotal moment in China's approach to energy production and industrial strategy.

Republicans Set to Initiate Weekly Tax Cut Strategy Meetings in Congress

1 month ago

In an ambitious move to bolster their economic agenda, Republican leaders in Congress have announced a series of weekly meetings dedicated to discussing tax cuts. The initiative reflects a renewed commitment to fiscal policies aimed at promoting growth and increasing economic productivity. This tactic not only aims to rally support for tax reforms but also seeks to streamline the party's approach ahead of upcoming legislative hurdles.

Jerome Powell's Upcoming Congressional Hearing Set Against Trump’s Legal Drama

2 months ago

As Federal Reserve Chair Jerome Powell prepares for pivotal congressional hearings, the financial world is on high alert. Scheduled for next week, these sessions are expected to cover significant economic issues, yet they are overshadowed by the latest developments surrounding former President Donald Trump’s legal challenges. Trump’s continuing influence and the political theatrics surrounding his issues may complicate the discussions focused on monetary policy and the state of the economy.