ASAToday for May 22nd, 2025

FY26? The upcoming battle is over the President’s budget for FY26, expected in April. Without a spending cap deal, the President may propose significant cuts to foreign aid and domestic programs. However,…

Debt Limit Update The Congressional Budget Office (CBO) will announce its debt-limit “x-date” this week. Speaker Johnson (R-LA) prefers to raise the debt limit within a reconciliation bill. If Congress doesn’t approve…

Interim Final Rule on the Corporate Transparency Act?   On March 21st, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) published an interim final rule (the “March 21 Rule”) that: Narrows…

This Week in Congress Congress is in recess this week and we’ll return on Monday, March 24th. When the Senate returns next week, the chamber will consider nomination votes for John Phelan…