The government is close to reopening. The Senate voted Monday in favor of a temporary spending bill to fund the government until February 8th. The Daily Beast's White House Reporter Lachlan Markay explains rhetoric on Capitol Hill over this short-term resolution.
"Really all Democrats were able to get out of this deal was an agreement to vote on something that Senate majority leader Mitch McConnell insisted the Senate was already going to vote on," says Markay. "So from the Democratic perspective its not clear they got anything." McConnell promised the Democrats to vote on immigration reform as part of the spending resolution.
The House still needs to approve the measure the Senate passed in order for the government to reopen. With the funding extension, it's possible the government could face another shutdown in three weeks says Markay.
The U.S. Treasury Department has changed the standard for what kind of electric vehicles qualify for a federal tax benefit under the Inflation Reduction Act.
New York Republican Rep. George Santos is temporarily stepping down from his congressional committee assignments amid ongoing investigations surrounding his fabrications.
British energy giant BP predicts that fossil fuels as a primary energy source will decline from 80 percent in 2019 to between 55 and 20 percent in 2050.
The costs of COVID-19 vaccines are expected to skyrocket once the government stops buying them, with Pfizer saying it will charge as much as $130 per dose, and millions of people are expected to be kicked off of Medicaid.
TikTok CEO Shou Zi Chew will testify before Congress in March about the app's security and its ties to China.
The House Speaker said he wants to address spending cuts along with raising the debt limit, even though the White House has ruled out linking those two issues together as the government tries to avoid a potentially devastating financial default.
The Federal Reserve's preferred gauge of inflation showed the pace of price increases is slowing.
Newly released video shows the husband of former U.S. House Speaker Nancy Pelosi fighting for control of a hammer with his assailant during a brutal attack in the couple’s San Francisco home last year.
The Biden administration released the "renters' bill of rights" as rent prices soar.
President Joe Biden touted the administration's economic achievements in a Virginia speech, while bashing Republicans for their handling of the nation's debt ceiling.
