Congress

The biggest U.S. banks are beginning to deliver stimulus checks to eligible Americans Wednesday morning following some criticism over the timing of the third round of direct cash payments. 

Democratic political strategist Brad Bannon said raising taxes is always “troublesome politically” but that the Biden administration was betting on two things: raising the taxes on the wealthy would only affect “2 or 3% of voters” and that if by next fall, midterm election season, the economy has recovered from the pandemic, “Americans will be so grateful they’ll overlook the tax issue."

Senate Minority Leader Mitch McConnell, R-Ky., said on Tuesday that Republicans were not likely to support any tax increases to fund President Biden’s next economic package.

The Small Business Administration mistakenly paid close to $692 million in duplicate Paycheck Protection Program loans to thousands of small businesses.

The IRS has agreed to not seize some Americans' stimulus check to offset outstanding federal tax debts, according to an agency watchdog. 

Senate Majority Leader Chuck Schumer, D-N.Y., on Monday renewed calls for President Biden to cancel $50,000 worth of student loan debt just days after the president signed the $1.9 trillion American Rescue Plan into law.

PayPal co-founder and billionaire venture capitalist Peter Thiel is contributing $10 million of his own money into a super PAC that would support a potential GOP Senate run in Ohio by fellow venture capitalist J.D. Vance, the author of the best-selling memoir "Hillbilly Elegy.”

The third round of stimulus checks began flowing into Americans' bank accounts over the weekend — but for those still awaiting its arrival, there's a quick way to track the status. 

Rep. Van Drew responds to the Biden administration eying the first major tax hike since 1993.

President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.