New Member Chiefs

U.S. House of Representatives

WASHINGTON -- The House of Representatives passed a bill Thursday to make the District of Columbia the 51st U.S. state at a time political support for the legislation is the strongest it has ever been. The bill, entitled H.R. 51, now heads to the Senate, where... Read More

Billionaire investor Warren Buffett joined hundreds of other capitalists and corporate titans in signing an open letter condeming “discrimnatory” legislation designed to curtail voting rights. The letter, which appeared under the headline “We Stand for Democracy,” appeared as a double-page, centerfold advertisement in Thursday’s editions of... Read More

WASHINGTON -- As the U.S. death toll reached 564,000 from COVID-19, the nation’s top disease experts said Thursday normal life will return for Americans only when enough of them get vaccinated. But with more than 70,000 new infections daily, they could not predict for Congress when... Read More

An Urban Institute survey covering the first year of the coronavirus pandemic found that despite a steep drop in employment, the share of young adults reporting food insecurity or problems paying utility and medical bills actually declined compared to previous studies.  “Measures of hardship look at... Read More

Just as corporations and tax practitioners are beginning to adjust to the 2017 Tax Cuts and Jobs Act, the Biden administration’s proposed changes would introduce further complexities into an already complicated system, according to three U.S.-based tax attorneys. Biden’s proposal increases the standard corporate tax rate,... Read More

WASHINGTON - The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more quickly than that of other nations carefully shake off the economic hardships associated with the coronavirus pandemic. The trade deficit jumped 4.8% to a record $71.1... Read More