On November 8, aides to U.S. Senate Minority Leader Chuck Schumer said that Democrats proposed to reopen the government through a no-strings-attached short-term funding bill and a bipartisan mini-omnibus funding bill. However, Republican aides said that Republicans rejected Democratic proposals to end the government shutdown. (Kim Ten)
A six-page proposal by Democrats in the US Senate aimed at preventing the illegal activities of decentralized finance (DeFi) has sparked strong criticism from Republican lawmakers and the crypto industry. The proposal requires regulators such as the Treasury Department to determine "whether the protocol is sufficiently decentralized" and treat individuals or entities that design, deploy or operate DeFi front-end services as intermediaries. Crypto industry insiders have warned that the proposal a...
Senate Democrats blocked a Republican stopgap funding bill that would have kept the government funded through late November, leaving the two sides with two weeks for last-minute negotiations to avoid a government shutdown. The Republican-controlled Senate voted 44 to 48, falling short of the 60-vote threshold needed to pass the bill. Rand Paul of Kentucky and Lisa...
On July 2nd, Trump's proposed $3.30 trillion "Big and Beautiful Act" passed the Senate on Tuesday, and senators passed the bill by a 51-50 vote. Three of the 53 Republicans in the Senate voted against it along with Democrats, and Vice President Vance cast a decisive vote. The bill is currently before the House of Representatives, which is expected to vote on the bill this week, but success is not guaranteed. With joint opposition from Democrats, the bill can only pass if a small number of House ...
According to the AXIOS website, U.S. Senate Majority Leader Thune said on Tuesday that he expects to begin voting on Trump's "beautiful big bill" on Friday, which will keep the vote open until the weekend and disrupt the House's recess plans for next week. But Thune is confident that Congress will send the bill to Trump by the July 4 deadline. Thune met with House Speaker Johnson around noon on Tuesday. In...