An independent investigation by the committee of inspectors general has concluded in a scathing report that Laura Wertheimer, the inspector general of the Federal Housing Finance Agency (FHFA), “abused her authority” and undermined the integrity of her office by retaliating against employees who cooperated with a congressional investigation. The Integrity Committee, as the special panel is known, found that Wertheimer, who was appointed by then-President Obama in 2014, created and fostered “a culture of abuse and intimidation for her staff” focused on employees who cooperated with a congressional oversight investigation. The allegations stem from a Republican investigation into whether Wertheimer sought to hamstring audits of the Federal Housing Finance Agency at the behest of its former director, Mel Watt Melvin (Mel) Luther Watt Fannie Mae and Freddie Mac reform should put American taxpayers first Watchdog: Former Rep. Mel Watt attempted to 'coerce' employee into … [Read more...] about Report finds federal housing agency official ‘abused her authority’
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Welcome to The Hill’s Morning Report. Today is Friday ! TGIF! We get you up to speed on the most important developments in politics and policy, plus trends to watch. Alexis Simendinger and Al Weaver are the co-creators. Readers can find us on Twitter @asimendinger and @alweaver22. Please recommend the Morning Report to friends and let us know what you think. CLICK HERE to subscribe! Total U.S. coronavirus deaths each morning this week: Monday, 572,200; Tuesday, 572,674; Wednesday, 573,381; Thursday, 574,329; Friday, 575,194. President Biden Joe Biden Biden prepping cybersecurity executive order in response to SolarWinds attack Photoshopped deer in Kevlar vests circulate after Biden gun control comment Majority of viewers approved of Biden address to Congress: poll MORE marked his 100th day in office by kicking off a political and publicity blitz to sell his new legislative proposals. He began with an evening “thank-you” rally in Duluth, … [Read more...] about The Hill’s Morning Report – Biden launches blitz for jobs plan with ‘thank you, Georgia’
President Biden Joe Biden Americans for Prosperity launches campaign targeting six Democrats to keep filibuster Washington's split with Turkey widens — but it is up to Turkey to heal the rift Incomes, consumer spending soared in March as stimulus bill boosted recovering economy MORE likely hoped that his first address to a joint session of Congress would come across as a leap toward a progressive vision for America. He spoke of building infrastructure, helping families and creating jobs; of rebuilding alliances to create a safe and secure world. His advisers envision a “Biden Boom,” based upon an unprecedented level of federal spending. He spoke of “fairness” in taxing the rich and America’s corporations to finance this vision. But Joe Biden has been around a long time and has seen politicians try and fail with such policies for 50 years. In the recesses of his mind, he must have an inkling of what lies ahead. When Vice President Kamala Harris Kamala … [Read more...] about Biden abandons the poor, middle class, and national security
U.S. Treasury Secretary Steven Mnuchin urged all countries to suspend plans for digital services taxes that Washington believes unfairly target U.S. tech companies, to allow the OECD to reach an agreement on international taxation. In a letter to the Organization for Economic Cooperation and Development (OECD) dated Tuesday, Mnuchin underscored U.S. concerns about digital services initiatives launched by France and other countries that target revenues, not profits. In the letter, which was viewed by Reuters, he said U.S. taxpayers supported greater tax certainty, but worried that changing the mandatory rules for when countries have the right to tax companies could affect "longstanding pillars of the international tax system upon which U.S. taxpayers rely." The rise of big internet companies like Google owner Alphabet and Facebook has strained current tax rules since such corporations can legally book profit and park assets like trademarks and patents in low-tax countries such as … [Read more...] about US’s Mnuchin: End Digital Services Tax Plans to Pave Way for OECD-Led Global Deal
This week President Biden unveiled the American Families Plan , which expands access to education, reduces the cost of child care and supports women in the work force. It calls for federal spending and tax credits of $1.8 trillion over this decade that will be financed in part by taxes on high-income households. The stated objective is to help millions of Americans gain the skills and work flexibility to support middle-income families. The plan extends entitlement programs by providing universal pre-K education and free tuition for community colleges. It also extends the child tax credit through 2025 and provides additional support for child care and for paid family/medical leave. This proposal comes on the heels of the American Jobs Plan , which totals $2.3 trillion to fund public infrastructure and create millions of new jobs. Including the $1.9 trillion COVID-19 relief plan enacted in March, the three major initiatives of the Biden administration total more than $6 … [Read more...] about How will we know if Biden’s agenda succeeds or fails?