Private Equity's Inversion Excursion: Pepper Hamilton Talks Tax With the Deal
In Washington: House committees continue drafting the next COVID-19 relief package, which must pass before March 14, to prevent many Americans from losing their increased unemployment benefits. House Speaker Nancy Pelosi says...more
In Washington: On Tuesday evening, President Donald Trump threatened to turn a month’s worth of negotiations and passage of the COVID-19 and FY2021 omnibus appropriations bills upside down by suggesting that he might veto...more
In Washington: The House and Senate both passed the $900 billion coronavirus stimulus bill on Monday with overwhelming bipartisan majorities: 359-53 in the House and 92-6 in the Senate. ...more
In Washington: The “four corners”— House Speaker Nancy Pelosi (D-CA), House Minority Leader Kevin McCarthy (R-CA), Senate Minority Leader Chuck Schumer (D-NY), Senate Majority Leader Mitch McConnell (R-KY)—are reportedly...more
In Washington: A bipartisan group of lawmakers is splitting its $908 billion coronavirus relief proposal into two packages. The plan reportedly will include a $160 billion proposal that ties together the two most...more
Exceeding almost everyone’s expectations, President Donald Trump’s Operation Warp Speed has reportedly delivered fantastic news about at least two highly effective COVID-19 vaccines. One vaccine is from Moderna; the other is...more
In Washington: The House passed a one-week funding extension (HR 8900) to give lawmakers more time to finalize a fiscal 2021 spending package and coronavirus relief. The vote was 343-67. The measure (HR 8900) now goes to...more
In Washington: President-elect Joe Biden picked California Attorney General Xavier Becerra to be his health secretary. Becerra was a defender of the Affordable Care Act. Separately, Biden picked a Harvard infectious...more
In Washington: While we have seen some hopeful progress this week on coronavirus relief, some cracks are beginning to show. Senate Majority Leader Mitch McConnell (R-KY) took to the Senate floor Thursday, signaling an...more
In Washington: Congressional interest in a coronavirus relief legislation has been revived after months of the stalled negotiations. Tuesday, a bipartisan group of senators held a press conference to introduce a broad...more
In Washington: Two Treasury Department moves in recent days are generating controversy among lawmakers and policymakers: Treasury Secretary Steven Mnuchin announced Thursday that he will not extend the Federal...more
Stimulus, Vaccines, and Corona. OH MY! First, The Stimulus. The status of additional stimulus remains where it has been as we have been tracking it for months, ever since the House passed the HEROES Act: nowhere. While the...more
In Washington: Sen. Chuck Grassley (R-IA) said on Tuesday that he would quarantine after exposure to COVID-19. Grassley added that he was "feeling well" and asymptomatic but that "it’s important we all follow public health...more
In Washington: On Monday, Moderna announced that its coronavirus is 94.5% effective against COVID-19 in its phase three testing. The results make Moderna the second company to report preliminary data on a successful...more
In Washington: Two public health experts on President-elect Biden’s COVID-19 task force rejected the idea of broad “lockdowns” like those seen in the spring designed to slow skyrocketing case numbers. Celine Gounder told...more
So . . . . Nice, quiet week while we were gone, right? Wall Street forecasts are always dicey, but it sure looks like Pfizer’s solid vaccine news (along with this weekend’s newfound presidential certainty) could make for...more
In Washington: White House communications director Alyssa Farah said Tuesday that the White House still hopes for a coronavirus relief package, probably post-election. Speaking on Fox & Friends, Farah said President Trump...more
In Washington: State public health officials are urging Congress to provide at least $8.4 billion in emergency funding for distributing a coronavirus vaccine, warning that they lack enough money to carry out the immense...more
In Washington - Trump health administration officials testified Wednesday before the Senate Health, Education, Labor, and Pensions Committee on the nation's response to the COVID-19 pandemic. Dr. Anthony Fauci of the NIH,...more
In Washington - The Senate failed Thursday to advance the Republican “skinny” coronavirus relief bill, the latest blow to stalled efforts to pass another package to mitigate the pandemic’s economic damage. The measure...more
Despite an earlier White House promise to postpone, American and Chinese trade negotiators met via videoconference on Monday to discuss “the status of the trade deal both nations signed in January, a pact that continues to...more
In Washington - Negotiations on the next COVID-19 relief bill continued behind closed doors Wednesday in meetings between Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows, House Speaker Nancy...more
In Washington - FEMA administrator Peter Gaynor cautiously told the House Homeland Security Committee yesterday that personal protective equipment (PPE) distribution in the U.S. is “healthy” but admitted that the agency...more