Congress’s Omnibus Spending Bills, secretive and costly, span 1,012 pages, $1 billion per page.

1 billion $USD per page, not bad 🤭 https://t.co/G7p5e1eLLk — JustDario 🏊‍♂️ (@DarioCpx) March 22, 2024 Congress’s recurrent passage of Omnibus Spending Bills has become a concerning hallmark of US fiscal policy. These bills, notorious for their labyrinthine complexity and rushed voting processes, encapsulate the unchecked expansion of government spending. The latest iteration, a whopping …

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Congress’s Fast-Track Tax Bill: Unveiling the Mix of Welfare Expansions, Corporate Windfalls, and More…

Congressional speed can be a double-edged sword, as demonstrated by the House Ways and Means Committee’s swift push for The Tax Relief for American Families and Workers Act. Despite its branding as a package of middle-class tax cuts and pro-growth reforms, a closer look reveals a mix of elements, including welfare expansions, corporate advantages, and …

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Gary Gensler: “In the Dodd-Frank Act of 2010, Congress directed federal agencies, including the SEC, “to remove any reference to or requirement of reliance on credit ratings” from our rules and to substitute an appropriate standard for credit-worthiness This final rule fulfills Congress’s wishes”

by Dismal-Jellyfish Source: https://www.sec.gov/news/statement/gensler-statement-credit-ratings-060723 Today, the Commission is considering adopting a set of final rules to remove references to credit ratings from Rules 101 and 102 of Regulation M (Reg M). I am pleased to support these rules because they will fulfill an important mandate issued by Congress in the wake of the 2008 financial …

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