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The Latest Breaking News from Finance Committee

GOP Senators Push Back After Being 'Caught by Surprise' With More Medicaid Cuts in New 'Big, Beautiful Bill' Proposal

Republican senators are pushing back after Senate leadership surprised them with even deeper Medicaid cuts in proposed changes to a sweeping tax bill.

Latin Times

MSPs ‘deeply concerned’ about Government’s lack of strategic financial approach

Holyrood’s Finance Committee said the Scottish Government is failing to take a long-term view.

The Independent UK

Filibuster’s future, emergency abortions fuel Senate debate - Roll Call

During day of Senate debate, Republicans say emergency abortion care is being denied largely because of misinformation.

Roll Call

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Klobuchar staying put, not interested in Menendez’s Finance slot - Roll Call

One of the most senior Democrats eligible to replace Sen. Bob Menendez, D-N.J., on the Finance Committee is not interested in the seat.

Roll Call

Barbican Centre needs £450m for 'essential works', report warns

The world famous brutalist estate is described as having reached ‘the end of its economic life’ in the report

Evening Standard

Current, former City Council colleagues call Burke conviction ‘sad’ and ‘a tragedy’

There’s affection and respect for the man who mentored far more colleagues than he bullied during his record 54-year reign. Ald. Ray Lopez said Burke’s ‘fingerprints are on so much of what is Chicago. To have this as the final act of a remarkable career is a tragedy.’

Chicago Sun-Times

How the near absolute power Edward Burke wielded absolutely paved the way for his alleged corruption

That power came from “scratch my back” Chicago politics. Burke’s clout emanated from the sheer force of his personality, the favors he did for other City Council members and the intimidation he wielded over his colleagues.

Chicago Sun-Times

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$4.98 million CPD settlement tied to traffic stops clears Council committee

All but $112,500 of the nearly $5 million settlement approved by the City Council’s Finance Committee is going toward attorneys’ fees.

Chicago Sun-Times

In abrupt about-face, Finance Committee signs off on $1 million settlement tied to controversial police shooting

In January, opposition from police union allies on the City Council allies forced then-Finance Committee Chair Scott Waguespack to yank the $1 million settlement to the mother of Sharrell Brown off the agenda. But Wednesday, it passed with little or no debate.

Chicago Sun-Times

IRS ‘whistleblower’ who claimed Hunter Biden case was mishandled won’t cooperate with Senate probe

EXCLUSIVE: Whistleblower has cut off communication with the Senate Finance Committee even as he prepares to testify before a GOP-led House panel, writes Andrew Feinberg

The Independent UK

Johnson wins first test of City Council muscle

By a 41-9 vote, Mayor Brandon Johnson reshaped the City Council in his progressive image.

Chicago Sun-Times

Goodbye wishes? Lightfoot issues flurry of executive orders on final day at City Hall

Mayor-elect Brandon Johnson can rescind Mayor Lori Lightfoot’s orders once he’s inaugurated Monday, but her 11th-hour move puts him on the spot to publicly slap down the lame-duck decrees.

Chicago Sun-Times

Mayor-elect Johnson forges ‘Unity Plan’ to reorganize the new City Council

The plan shrinks the number of Council panels from 28 to 20. Pat Dowell, whose switch of support from Lightfoot to Johnson was crucial to his victory, will be finance chair.

Chicago Sun-Times

Who are you going to call? Finance hopes not ghost networks - Roll Call

A Senate Finance Committee hearing tackles insurance directories that provide inaccurate, outdated provider information.

Roll Call

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Chicago Sun-Times

Mayor-elect warned: don’t mess with City Council reorganization

Finance Committee Chair Scott Waguespack is among the committee chairs who could be pushed out in favor of more chairs loyal to Mayor-elect Brandon Johnson.

Irish Mirror

'Quiz bank on DJ Carey's €9.5m debt' - Call for probe into hurling legend's alleged loan write off

AIB should face the Finance Committee after allegedly writing off debt of almost €9.5million for hurling legend DJ Carey, a minister said. It's claimed the Kilkenny All-Ireland winner’s settlement with the bank in 2017 was just €60,000.

Tribune News Service

Biden mixes doable, aspirational health messages in speech

WASHINGTON — President Joe Biden reiterated a call to “finish the job” on insulin prices, address the mental health crisis and “end cancer as we know it” in his address to Congress on Tuesday — initiatives that could have bipartisan support from lawmakers.

Roll Call

Biden mixes doable, aspirational health messages in speech - Roll Call

President Joe Biden’s speech was heavy on health policy asks, but it’s unclear if razor-thin majorities will allow them to come to fruition.

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Asharq Al-Awsat

Kuwaiti Govt Resigns over Disputes with National Assembly

Kuwait’s government, headed by Prime Minister Sheikh Ahmad Nawaf Al Sabah, submitted its resignation to Crown Prince Sheikh Mishal al-Ahmad al-Jaber Al Sabah on Monday after weeks of tension with the National Assembly over the approval of a financial aid package that lawmakers want in exchange for waiving the demand…

Chicago Sun-Times

Lightfoot’s plan to ‘reimagine La Salle Street’ takes shape

The City Council’s Finance Committee approved a $5 million grant program to entice neighborhood restaurants and “cultural” establishments to open downtown.

Chicago Sun-Times

City Council must vote to keep Red Line extension plan on track

It’s a potential win for the city — and we certainly could use a few Ws these days — as well as the South Side.

Chicago Sun-Times

End of an era in Chicago politics as Burke chooses retirement over uphill battle for a record 15th term

Indicted Ald. Edward Burke (14th) chose not to seek reelection to a record 15th term in a ward dramatically redrawn to eliminate his most favorable precincts.

Chicago Sun-Times

Black-owned company gets OK for $13.5M city subsidy to buy, revamp 6 South, West side grocery stores

Ald. Jason Ervin (28th), chairman of the City Council’s Black Caucus, said the Save A Lot name that will be revived by stores operated by Yellow Banana has been seriously damaged by store closings.

Chicago Sun-Times

$5M settlement to family of teen killed by Chicago police clears City Council panel

The settlement advanced Monday would go to Alice Martin, mother of 17-year-old Michael Elam Jr., fatally shot in his back after he ran away following a 2019 traffic stop.

Chicago Sun-Times

Lightfoot’s $16.4B budget clears one hurdle, but hits snag over reduced fines

The Finance Committee approved the property tax levy, but must reconvene Wednesday to reconsider the revenue ordinance. As proposed, it would cut some vehicular fines in half to comply with a court decision, but if Ald. Brendan Reilly has his way, those fines will remain at $500.

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