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Joe BidenSynchrony Financial, Capital One and Bread Financial share prices fall. The Consumer Financial Protection Bureau plans to cut late fees to $8. The agency says the proposal could reduce late fees by as much as $9 billion a year. The industry is likely to fight the proposal in court.See the Story
CFPB proposes lowering credit card late fees
Coverage: 5 sources
PoliticsThe Biden administration’s plan to unwind the public health emergency tied to the COVID-19 pandemic will spur a whirlwind of changes related to telehealth, Medicaid, pharmaceuticals and other priorities. Many Republicans have said the May 11 end date announced Monday is not soon enough, with the House voting this week on a bill to roll back that and three other pandemic policies immediately. Democrats have said the time is needed to weigh which …See the Story
End of public health emergency causes cascade of changes
100% Center coverage: 2 sources
Politics · UkraineThe Eastern European lawmakers said they view 2023 as the year to lock in a NATO membership invitation for Ukraine. 2024 will likely be consumed in the states by the next presidential contest. And there is a real chance that if a Republican is elected to succeed President Joe Biden, he or she will move to end or significantly curtail defense assistance to Ukraine.See the Story
US must back Ukraine joining NATO in 2023, say European delegates
Coverage: 2 sources
PoliticsAs House Republicans’ second in command, Steve Scalise, R-La., had regular opportunities last Congress to ask about — or criticize — Democrats’ upcoming agenda during end-of-week colloquies on the floor. Now, with Republicans in power, the shoe’s on the other foot, and Scalise will spend colloquies on the receiving end of questions from newly minted Minority Whip Katherine M. Clark, D-Mass. The colloquy is a House tradition in which the minority…See the Story
Schedules and snipes: The colloquy tradition rolls on
100% Center coverage: 1 sources
PoliticsKilmer will be ranking member on the subcommittee, working across from subcommittee Chair Stephanie Bice, R-Okla. The subcommittee will be charged with continuing the important work that the select committee carried out in the last two congresses. It will include a total of four members equally divided between the majority and minority, in keeping with ModCom tradition.See the Story
It’s back: Modernization panel finds a new home under House Administration
Coverage: 2 sources
PoliticsWelcome to At the Races! Each week we bring you news and analysis from the CQ Roll Call campaign team. Know someone who’d like to get this newsletter? They can subscribe here. At their most basic level, campaign finance reports are a simple tabulation of money raised and spent. But the numbers can also say much more. Here are a few takeaways reflected in the latest year-end Federal Election Commission filings of incumbent senators up for reelect…See the Story
At the Races: Cash course
100% Center coverage: 1 sources
PoliticsThe Senate adopted resolutions constituting their membership for the 118th Congress. Two resolutions comprise the agreed-upon membership of Democrats and Republicans on each committee. The final step in the process before floor action was the internal GOP elections of ranking members. The text of the resolutions was not immediately available.See the Story
Senate organizes committees for the 118th Congress
100% Center coverage: 1 sources