Registration is open for the #RunForAustin 5K on Saturday, Nov. 8, 2025. The run is part of an ongoing campaign to raise awareness for the longest-detained American journalist. Sign up by Oct. 30 to receive the official race T-shirt. #BringAustinHome runsignup.com/Race/DC/Wash...

The founder of $5 billion cryptocurrency hedge fund Pantera Capital is in the crosshairs of US Senate investigators, who allege he may have evaded more than $100 million in capital gains taxes after seeking tax refuge in Puerto Rico.

Democratic Sen. Catherine Cortez Masto has shown this year that she's willing break with most of her party on high-profile votes.

Today, the Press Freedom Center was proud to announce three new members of our Advisory Board: @caoilfhionn.bsky.social, Sam Feist, and Paul Beckett. Read the full advisory at the link: www.press.org/newsroom/pre...

Ten hours into a government shutdown, the Senate Finance Committee is hosting a pre-scheduled hearing to consider possible changes to the tax treatment of crypto. Here’s what we’re watching: news.bloombergtax.com/daily-tax-re...

Lawmakers failed to reach a deal before midnight to keep the government funded, but the IRS game plan provides for five days of “normal” operations, with all current staff on board.

The K Street lobbying corridor will stay open for business in a government shutdown with campaigns for clients, from Wall Street banks to airlines and federal contractors, taking new urgency.

GOP leaders are in lockstep, pledging talks on enhanced insurance premium tax credits after government is funded. Johnson: “Open the government and then we’ll have all the discussions." Thune: "We can’t even have that discussion until we keep the government open.” www.bloomberg.com/news/article...

New: Tax writers and their crypto allies hope to leverage a hearing in the Senate Finance Committee tomorrow to build on momentum for a new taxation regime for digital assets, including a suite of key asks from the industry. w/ @reportercioffi.bsky.social news.bloombergtax.com/daily-tax-re...

The IRS will keep up normal operations for a week if policy makers can’t reach a deal by Wednesday on funding the government, thanks to leftover funding from Democrats’ 2022 tax-and-climate law. news.bloombergtax.com/daily-tax-re...

Months of feuding between the White House and Congress over federal employee layoffs and withholding agency funds have turned this week's shutdown standoff into a constitutional fight over the power of the purse.

The top four congressional leaders will meet with President Donald Trump at the White House on Monday, a day before federal funding would expire if the two parties can’t agree on a short-term spending bill.

Capitol Hill staffers are anxiously girding for a possible government shutdown this week that threatens to reduce their offices' manpower, multiply their workloads and halt their pay.

Democrats are demanding the extension of enhanced Affordable Care Act premium tax credits as part of a deal to avert a government shutdown starting Wednesday.

Senate Republicans are gearing up to hold another vote on a stopgap measure just hours before the deadline to fund the government.

A smooth rollout of President Donald Trump’s multitrillion-dollar tax-and-spending law hangs on the IRS’s legal department, which lost hundreds of workers prodded by administration resignation offers.

After a weeklong recess, Congress is no closer to fending off a government shutdown. Stay up to date with the latest shutdown news: bit.ly/3KihGa5

Hakeem Jeffries thinks Democrats are strongly positioned in a shutdown fight with President Donald Trump — especially with health care at the center of the argument. More of Jeffries' exclusive interview: bit.ly/3VwOSgm

The White House budget office is telling federal agencies to prepare plans for mass firings during a possible government shutdown.

House Republicans' decision to recess days before federal funding lapses means they will "publicly" own a government shutdown, House Minority Leader Hakeem Jeffries (D-N.Y.) said.

I had the honor of meeting @alsuk.bsky.social a few months after she was released from her unjust detention in Russia. Now you can, too! Join us Oct. 7 for a reception celebrating @pfc-npc.bsky.social and its vital work supporting journalists like Alsu. RSVP: www.press.org/events/press...

When Trump tried to dismantle VOA with an EO in March, a group of employees including VOA journalists Patsy Widakuswara & Jessica Jerreat sued the Trump admin, alongside @afscme.bsky.social, AFGE, @afsaorg.bsky.social, @newsguild.org & @rsf.org. Patsy & Jessica explain why they fight to save VOA.

Registration is now open for the 2025 Run for Austin Tice virtual 5k! Run from anywhere on Saturday, November 8 to show your support for Austin, a journalist who has been wrongfully detained for over a decade. runsignup.com/Race/DC/Wash...

President Donald Trump said that Democrats must drop their demands to renew health care subsidies and roll back Medicaid cuts before he will meet with Democratic party leaders to talk about a looming federal shutdown deadline.

New: House tax writers advanced two measures Wednesday aimed at improving US Tax Court operations and clarifying rules for supervisory approval of IRS penalty assessments.

Senators tasked with approving the next IRS commissioner hope Trump’s eventual pick sticks around longer than Billy Long or the acting heads this year have. Or, in their words, some “stick-to-it-ness” and “somebody who can last longer than two months.” news.bloombergtax.com/daily-tax-re...

How or whether Congress extends the boost to health insurance tax credits is central to Congress’s nail-biter negotiations over a government funding bill. In this morning’s newsletter, where things stand on ACA subsidies ahead of a pivotal week on DC: news.bloombergtax.com/daily-tax-re...

Democrats are threatening to block a bill needed to avert an Oct. 1 US government shutdown unless Republicans agree to stop a sharp spike in Obamacare health insurance premiums or meet other demands by the minority party.

This is definitely the first time I’ve interviewed a dominatrix for a story. But OnlyFans creators and others in the digital content creation space could be big winners in the rollout of Trump’s no-tax-on-tips. Who says tax isn’t sexy? Free link: www.bloomberg.com/news/article...

The debate over extending a set of higher Obamacare premium subsidies is leaving consumers and the industry in limbo, with insurers warning that lawmakers won’t be able to reverse the damage after open enrollment starts Nov. 1.

New: President Donald Trump’s pick to be the IRS’s top lawyer, Donald Korb, told Senate aides that a former longtime agency employee should be “shot” for resigning during the tax-filing season, Sen. Ron Wyden said at the nominee’s hearing Wednesday. news.bloombergtax.com/daily-tax-re...

Scoop: A senior Treasury Department official told GOP House members the agency will likely back Congress to resuscitate the so-called “revenge tax” if Europe doesn’t ultimately exempt US companies from the global minimum tax, per W&M Chair Jason Smith. news.bloombergtax.com/daily-tax-re...

Scoop: Sen. Elizabeth Warren wrote to President Donald Trump’s nominee to serve as the next IRS chief counsel yesterday urging him to limit any financial dealings with relevant businesses after he leaves office. news.bloombergtax.com/daily-tax-re...

New: The IRS told Congress it was shuttering offices in a handful of Republican-held districts in order to cut costs, prompting outcries from members of both parties. news.bloombergtax.com/daily-tax-re...

Scoop: President Trump’s pick to represent Treasury Secretary Scott Bessent on Capitol Hill—a onetime tax aide to Speaker Mike Johnson—is stuck in committee as Republicans clash over renewable energy tax credits. news.bloombergtax.com/daily-tax-re...

Donald Korb, President Donald Trump’s nominee to be the IRS’s top attorney, will get his hearing next week, putting the longtime litigator one step closer to rejoining the beleaguered tax collection agency. news.bloombergtax.com/daily-tax-re...

The Treasury Department is finalizing which jobs are eligible for Republicans’ tax exemption on some tipped income. Read the full draft list here: news.bloombergtax.com/daily-tax-re...

“The best-case scenario is still pretty bad”: The IRS runs out of money Sept. 30, and Congress has only three full workweeks to prevent further turmoil ahead of the next filing season. Here’s what we’re watching as Congress returns from the August recess: news.bloombergtax.com/daily-tax-re...

Logging on at @bloombergtax.com after a few months on paternity leave with our son. What’d I miss?

Many thanks to SPJ DC for the Dateline Award for my coverage of last year’s race to be Senate Republican leader — and to the colleagues, sources, and readers who trusted me to tell that story over many months and across three jurisdictions. spjdc.org/2025/06/2025...

“We’re just trying to strike that balance": Republicans face an internal schism over how far they want to go to give relief to millions of online sellers who received a new tax form for the first time this filing season. news.bloombergtax.com/daily-tax-re...

House Republicans’ massive tax-and-spending bill fails to advance in a key committee after conservatives blocked the measure

Breaking: The House Ways and Means Committee just approved trillions in new tax cuts for corporations, households and small businesses on a party-line vote after a marathon overnight session in which Democrats assailed the bill as a gift to the wealthy. www.bloomberg.com/news/article...

The House Ways and Means Committee has been marking up the tax bill for 16 hours straight and counting. Here's where things stand as the sun rises in Washington. news.bloombergtax.com/daily-tax-re...

It’s (finally) Tax Week in the US House of Representatives. Here’s what we know — and don’t know — about the $4+ trillion tax bill scheduled for a markup tomorrow. news.bloombergtax.com/daily-tax-re...

House Republicans released part of their draft tax bill late Friday, which would temporarily increase the standard deduction, the child tax credit, estate tax trigger threshold, and business deductions for passthrough entities. w/ @reportercioffi.bsky.social news.bloomberglaw.com/daily-tax-re...

New: Republicans won’t dedicate a half-trillion dollars to increasing the SALT cap, House Majority Leader Steve Scalise said this week as blue-state Republicans sought similar cuts. “We just can’t do that," he told the Ripon Society. news.bloombergtax.com/daily-tax-re...

The House’s tax panel will consider President Donald Trump’s massive tax package starting on Tuesday, signaling Republicans on the Ways and Means Committee are close to a deal on key items, including expanding the SALT deduction & restricting estate taxes. www.bloomberg.com/news/article...

Scoop: Sen. Bernie Moreno is updating his legislation codifying one of President Donald Trump's signature campaign proposals to expand its eligibility. His initial draft would have limited the benefit primarily to wealthier taxpayers. news.bgov.com/daily-tax-re...