Prism Group's Daily Summary
REPUBLICANS GAME OUT 2025 STRATEGY... Incoming Senate Majority Leader John Thune (R-SD) told colleagues recently that lawmakers would seek to move a targeted border security bill under the budget reconciliation process sometime in February, and spend more time working on a subsequent tax package. Even under the special procedure – which allows certain bills to bypass the Senate’s 60-vote threshold – Republicans will be operating under slim margins in both chambers.
TRUMP TAPS FORMER CONGRESSMAN TO HEAD IRS... President-elect Donald Trump announced that he will nominate former Missouri Congressman Billy Long to serve as commissioner of the IRS. Trump is expected to remove Daniel Werfel, who currently heads the agency and whose five-year term expires in 2027, upon taking office.
THE STATE OF THE STATES
SESSIONS BY THE NUMBERS:
Eight states are in regular session.
WHAT WE'RE WATCHING:
State Representatives Robert Duvall and Max Wise, co-chairs of Kentucky’s Workforce Attraction and Retention Task Force, have submitted recommendations to address labor shortages in the state, focusing on untapped workforce groups, childcare, and policies to improve competitiveness with Tennessee.
New Jersey’s AI Task Force has issued a report to Governor Phil Murphy (D). The report says safety, workforce training, equity, and innovation are the most important issues to address AI, with ongoing efforts including upskilling public-sector workers and enhancing data governance in state agencies.
LAWMAKERS... IN OR OUT?
The House... convenes today at 12:00 PM ET. The full schedule may be found here.
The Senate... convenes today at 3:00 PM ET. The full schedule may be found here.
HAPPENING ON THE HILL
The House...
Committee on Appropriations will hold a hearing on Tuesday, 12/10 at 10:00 AM entitled “BUDGET AND OVERSIGHT HEARING--DISTRICT OF COLUMBIA BUDGET FOR FISCAL YEAR 2025.”
The Senate...
Committee on Banking, Housing and Urban Affairs will hold a hearing on Wednesday, 12/11 at 9:45 AM entitled “Protecting Workers’ Money and Fighting for the Dignity of Work."
Committee on Judiciary will hold a hearing on Tuesday, 12/10 at 10:00 AM entitled “How Mass Deportations Will Separate American Families, Harm Our Armed Forces, and Devastate Our Economy."
Committee on Judiciary will hold a hearing on Thursday, 12/12 at 10:00 AM entitled “Executive Business Meeting."
BILLS OF INTEREST
Check back tomorrow for a possible update.
AT THE AGENCIES
The U.S. Department of Labor
Check back tomorrow for a possible update.
The U.S. Department of the Treasury
The Financial Stability Oversight Council (Council) unanimously approved and released its 2024 annual report. The annual report reviews developments in financial markets, identifies vulnerabilities and emerging threats to U.S. financial stability, and makes recommendations to mitigate those vulnerabilities and threats.
The U.S. Department of Commerce
The U.S. Department of Commerce announced that it signed three separate preliminary memoranda of terms (PMT) under the CHIPS and Science Act to provide up to $33 million in proposed direct funding to Coherent, up to $16 million in proposed direct funding to SkyWater Technology Foundry Inc., and up to $50 million in proposed direct funding to X-Fab.
The U.S. Trade Representative
Check back tomorrow for possible updates.
The U.S. Small Business Administration
Check back tomorrow for possible updates.
Was this email forwarded to you? Curious for more information?
Subscribe to EIW Today to receive the morning newsletter directly in your own inbox!
Comments