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The Latest Breaking News from Michael D Crapo

Bipartisan Senate bill promises 'commonsense fixes' to IRS

Senate Finance Committee leaders introduced a bipartisan bill Thursday to overhaul the procedures and administration of the IRS.

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Health care fight returns in January with affordability at center - Roll Call

Parties and factions within them are sharply divided on a path forward; several avenues being explored haven’t led to viable legislation.

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Long removed as IRS commissioner two months after confirmation - Roll Call

Former GOP Rep. Billy Long has been removed as IRS commissioner by President Trump, a White House official said Friday.

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Republicans plan bipartisan health package as Democrats demur - Roll Call

Discussions begin as Democrats still feel burned by the reconciliation package, which cut billions of dollars from Medicaid.

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Senate votes to take up 'big, beautiful' revised budget bill - Roll Call

The procedural vote was held open for more than three hours as GOP leaders worked to convince holdouts to let the package move to the floor.

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Ex-Rep. Long confirmed as Trump’s IRS commissioner - Roll Call

Former Rep. Billy Long won confirmation Thursday to be the next commissioner of the International Revenue Service.

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Ex-GOP lawmaker's IRS nomination advances in Senate - Roll Call

Democrats cited Billy Long's ties to firms hawking phony tax credits, but Republicans backed him on a party-line committee vote.

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Trump IRS nominee grilled over ties to fraudulent tax credits - Roll Call

Billy Long faced withering questions from Senate Finance Committee Democrats over his post-congressional business activities.

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Fiscal hawks show a change of heart toward spending bills - Roll Call

There are now only two Republicans in Congress who have never backed a regular appropriations or stopgap spending law.

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Senate Finance advances Oz nomination to lead CMS - Roll Call

If confirmed, Oz would be responsible for the agency that oversees health care coverage for 160 million Americans.

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Senate Republicans divided on Medicaid cuts in budget plan - Roll Call

Trump's endorsement of House budget proposal has magnified a divide among Republicans on overhauling Medicaid.

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House budget headed for panel approval after deal with holdouts - Roll Call

House GOP leaders overcame an important hurdle Thursday morning after cutting a deal with Freedom Caucus holdouts on a budget resolution.

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Senate Republicans fall in line behind Trump's nominees

Efforts by conservatives to pressure Republican senators to support Trump’s Cabinet nominees have largely been successful so far.

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Bessent easily confirmed as Trump's Treasury secretary - Roll Call

The Senate confirmed Scott Bessent as Treasury secretary despite criticism levied by Democrats for his handling of self-employment taxes.

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Bessent warns of 'devastating' consequences if tax cuts lapse - Roll Call

Taxes and tariffs took center stage Thursday at a hearing for President-elect Donald Trump’s intended Treasury secretary nominee.

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Incoming Senate chairs expected to rein in infrastructure dollars - Roll Call

Republicans’ incoming Senate majority could stall an effort to boost transportation and infrastructure spending.

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Chief Senate GOP tax writer floats alternative cost estimate for 2025 package - Roll Call

Sen. Michael D. Crapo hinted Tuesday at a possible workaround for the ballooning price tag attached to extending the 2017 tax cuts.

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Bipartisan tax package blocked as senators head for exits - Roll Call

The Senate fell short as expected Thursday of the 60 votes needed to start debate on a $79 billion tax bill.

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Senate Democrats seek to maneuver tax deal to the floor - Roll Call

Some Senate Democrats are pushing to bring a House-passed $79 billion tax package to the floor without changes.

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‘Site-neutral’ hospital policy muddles health package progress - Roll Call

Proposals to restrict hospital billing rates in outpatient clinics divides lawmakers, with concerns about rural hospitals stalling progress.

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Biden pick for Social Security chief OK'd by Senate panel - Roll Call

Martin O'Malley's nomination to lead the Social Security Administration won bipartisan support from a Senate panel on Tuesday.

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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.

Tribune News Service

Debt limit breach would be ‘devastating’ for banks, Yellen says at hearing

WASHINGTON — Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound in the aftermath of Silicon Valley Bank's collapse. But she warned that failure to raise the debt limit in time would be devastating for banks after the turmoil.

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Yellen: Debt limit breach would be 'devastating' for banks - Roll Call

Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound despite Silicon Valley Bank's collapse.

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Post-mortems begin on Silicon Valley Bank failure - Roll Call

Biden's comments about SVB added to scrutiny of a 2018 law that eased banking requirements, but it's not clear that's what cause the failure

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