Washington Insider

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  • After first enacting a $1.9 trillion COVID-19 recovery plan without Republican support, the Biden administration says it continues to hope to strike deals with the GOP in order to advance a multi-part plan that could total more than $3 trillion.

  • President Joe Biden's budget proposal on Friday kicked off what's likely to be a long, drawn-out fight in Congress over how to fund the federal government, the Hill said this weekend. The request calls for annual discretionary spending of $1.52 trillion. That includes a 15.7% increase in domestic...

  • A former FDA official hopes the recent FDA warning to the produce industry will serve as a call to urgent action that gets to the root of the problem of the persistent dangerous E. coli in the growing environment for leafy greens and other fresh produce.

  • While many wealthy nations are poised for a major economic expansion this year, others could end up reversing decades of progress in fighting poverty. Top international economic officials are now warning that this divergence, which is being amplified by sluggish deployment of vaccines in...

  • Senate Parliamentarian Elizabeth MacDonough has ruled Democrats could enact another reconciliation package by revising the budget blueprint the Democratic Congress adopted earlier this year. The ruling will allow Democrats to advance President Joe Biden's policies.

  • China has been putting limits on foreign banks, and that foreign businesses are worried by the move. The new rules are seen as efforts to tame big money flows and possibly for controlling the Chinese currency, that could give domestic rivals a competitive edge and make international firms...

  • The Farm Workforce Modernization Act which passed the House earlier this month, would overhaul the immigration system for farmworkers and alter the H-2A temporary agricultural visa program, cementing a stable workforce for employers and more protections for laborers.

  • President Joe Biden is expected to describe the “scope and ambition of his plans to expand and reorient the U.S. government, setting the stage for a bitter fight on Capitol Hill that could define his presidency.”

  • Freshly released March data show that an increasing number of factory purchasing managers are reporting faster expansion, Bloomberg says. The Federal Reserve Bank of Philadelphia's index of general business activity soared to an almost five-decade high, while the IHS Markit's preliminary gauge...

  • This week, some experts issued a new paper concluding that fish farming, in many parts of the world, at least, is a whole lot better. The most significant improvement was that farmed fish were not being fed as much wild fish. In fact, they are eating more plants, such as soy meal.

  • A major target of the effort is to authorize two critical EPA programs -- the Drinking Water State Revolving Fund (DWSRF) and the Clean Water State Revolving Fund (CWSRF) -- which provide financial aid to localities' drinking water systems and to state safe water programs, as well as loan...

  • The proposed infrastructure and climate programs are expected to include as much as $3 trillion worth of measures to include in the long-term economic investments that will follow the $1.9 trillion coronavirus relief bill signed earlier this month.

  • There are crucial questions as governments try to figure out how much it's safe to spend on pandemic recovery – and for investors wondering if this year's surge in sovereign-bond yields is a blip or the start of an important new trend.

  • The Treasury Department and U.S. regulators are in the early stages of working on measures to improve companies' disclosure of their environmental impact. The moves seek to address carbon leakage — situations where producers move to regions with less restrictive pollution rules...

  • Fed Chairman Jerome Powell dismissed the idea that the Fed would even consider slowing its efforts to strengthen the economy was one of many chances he took in last week's session to convey one simple message: The central bank will not waver in its aggressive efforts to encourage growth...

  • Senate Republicans are accusing their Democratic colleagues of hypocrisy for talking about reforming or getting rid of the filibuster after using the same procedural tool to block several GOP bills during the previous Congress.

  • The $1.9 trillion stimulus signed into law last week was financed completely by additional federal borrowing. But the administration seen as searching widely for ways to minimize reliance on taxes for other big-ticket priorities such as the massive infrastructure and jobs package being discussed...

  • The hikes included in future infrastructure and jobs packages are likely to include repealing portions of the 2017 tax law's benefits for corporations and wealthy individuals, as well as other changes to make the tax code more progressive, according to people familiar with the plan.