Latest news with #HouseRepresentatives
Times
02-07-2025
- Climate
- Times
Trump's One Big Beautiful Bill faces a new foe: the weather
President Trump's scramble to get his sweeping package of tax and spending cuts approved by Congress has been derailed by thunderstorms in Washington, forcing House representatives to make epic road trips across the US. The One Big Beautiful Bill could return to the House for a vote as early as Wednesday evening after narrowly passing the Senate by one vote on Tuesday. Trump has set a deadline of Friday, July 4, to have the bill approved but faces resistance from Republicans concerned about levels of US debt. He now has another problem: the weather. Temperatures hit 40C on the east coast last week before thunderstorms brought heavy rain to Washington and warnings of flash flooding on Tuesday night. Hundreds of flights to Washington were cancelled, preventing House members from returning to Capitol Hill to vote for the bill.
Bloomberg
07-05-2025
- Business
- Bloomberg
Bessent Working on Clear Rules for US Investment in China
Treasury Secretary Scott Bessent said he's working with US legislators on outbound investment rules for China that would make clear what's allowed and what's not. 'We talked about the importance of establishing a either red light or green light, and not having a yellow zone, for outbound investment,' Bessent said Wednesday, referring to a discussion with two House representatives. 'The outbound investment security program is an important national security tool in our effort to restrict the PRC from exploiting the benefits of US investment,' he said, referring to the People's Republic of China.
