December 07, 2017

Today's News from the U.S. Chamber- 12/7/17

Thursday, December 7, 2017 

Mitch McConnell names GOP senators for tax bill conference committee 
Washington Examiner

Washington Examiner reports, “Senate Majority Leader Mitch McConnell on Wednesday evening named the eight Senate Republicans who will serve on the conference committee on tax reform legislation. ‘Now that the Senate has voted to join our House colleagues in a conference committee, I’m confident that this distinguished group of senators will work to get the job done for the American people,’ the Kentucky senator said. ‘I know everyone is ready to finalize our tax reform legislation and send it to the president so he can sign it into law.’"

Senate Agrees to Tax Bill Conference With House
Roll Call 

Roll Call reports, “The Senate voted Wednesday to officially begin conference negotiations with House members over a tax code overhaul, as Republicans race to send a finished bill to President Donald Trump’s desk before Christmas. The 51-47 party-line vote was largely a formality. Behind-the-scenes talks have already begun since the Senate passed its version early Saturday morning, following House passage of its own bill (HR 1) before Thanksgiving.”

Mnuchin Announces Steps to Avoid Broaching Debt Limit
U.S. News & World Report

U.S. News & World Report reports, “Treasury Secretary Steven Mnuchin told Congress Wednesday that he will start taking emergency measures this week to keep the government from going above the debt limit when it goes back into effect on Friday. In a letter to congressional leaders, Mnuchin said he would begin using the ‘extraordinary measures’ at noon on Friday. Mnuchin said he was ready to use various bookkeeping maneuvers to buy time until Congress raises the debt limit.”

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