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Business & Economy
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Business & Economy
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Senate negotiators have punted consideration of a Department of Homeland Security (DHS) funding bill, and the chamber has yet to pass any funding bills for the upcoming fiscal year.
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The powerful Senate Appropriations Committee was set to consider the bill Thursday, along with four other full-year funding measures.
The decision did not come as a surprise, as it was a key sticking point in spending talks earlier this year in the wake of the collapse of a bipartisan border deal.
“Over the last few weeks, we have made serious progress writing strong, bipartisan funding bills—passing seven so far out of Committee with overwhelming bipartisan support,” Sen. Patty Murray (D-Wash.), head of the committee, said in a Monday statement.
“I look forward to keeping the momentum up on Thursday when we consider another four bills, and we will continue working toward a bipartisan agreement on the Homeland Security bill,” she added.
The appropriations committee is responsible for passing the 12 annual bills to fund the federal government.
Congress has roughly two months until a late-September government shutdown deadline.
The House has so far passed five appropriations bills for fiscal 2025. But the chamber struggled to pass several other funding bills last week before breaking a week early for the summer recess.
The Hill’s Aris Foley has more here.
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Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.
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The latest moves in some of Washington’s biggest lobbying battles:
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- The U.S. Chamber of Commerce has hired former Rep. Rodney Davis (R-Ill.) as head of government affairs. Amid a tumultuous period for the big business lobbying organization, one former senior Republican leadership aide told The Hill this is “a move in the right direction and actually kind of a splash of a hire.”
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Key business and economic news with implications this week and beyond:
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EBay expands Washington footprint with Harris alum
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The e-commerce company eBay has added three new members to its government relations team, including a former adviser to Vice President Harris, the likely Democratic presidential nominee following the exit of President Biden on July 21.
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Biden administration says it has replenished strategic oil reserve after Russia war drawdown
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The Biden administration says it has replenished the 180 million barrels of oil it withdrew from the nation’s Strategic Petroleum Reserve in response to high prices following Russia’s invasion of Ukraine.
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Apple reaches tentative agreement with first unionized store in the country
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Apple reached a tentative agreement with its first unionized store in the country, the negotiating committee announced on Friday.
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Upcoming news themes and events we’re watching:
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- The Conference Board on Tuesday will release data from its latest consumer confidence survey at 10 am E.T.
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Branch out with more stories from the day:
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Stock market today: Wall Street drifts to a mixed finish ahead of a frenetic week
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NEW YORK (AP) — U.S. stock indexes drifted to a mixed finish Monday to kick off a week full of earnings …
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Business and economic news we’ve flagged from other outlets:
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- S&P 500 rises ahead of major tech earnings reports set for later this week (CNBC)
- Olympics commentator dropped over sexist comments about women’s swim team (CNN)
- Top 10 highest-paid athletes at 2024 Paris Olympics (Sports Illustrated)
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Top stories on The Hill right now:
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Biden’s former communications director: Trump wasn’t saying ‘there will be no more elections’
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President Biden’s former communications director poured water on some Democrat’s concerns Sunday that former President Trump implied there won’t be future elections if he’s elected again. Read more
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Bill Barr: Biden’s reforms would purge Supreme Court’s conservative justices
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Former Attorney General Bill Barr offered his concerns about President Biden’s reform proposals for the Supreme Court on Monday, arguing they would eliminate the high court’s conservative justices and “destroy the independence of the judiciary.” Read more
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You’re all caught up. See you tomorrow!
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