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Lawmakers hint at regulatory models for Facebook cryptocurrency
Libra: ‘Which is it, fish or fowl?’

“This looks exactly like an exchange-traded fund,” said Rep. Jim Himes, D-Conn., (File photo by Bill Clark/CQ Roll Call)

House members suggested Wednesday that Facebook Inc.‘s proposed cryptocurrency could be deemed an exchange-traded fund, a currency or a commodity, all of which could require some degree of regulatory oversight.

“What we’re struggling with is: What are you?” said Democratic Colorado Rep. Ed Perlmutter summing up a four-hour House Financial Services Committee grilling of a company executive about the proposed cryptocurrency known as Libra.

Mnuchin says there is a topline agreement on spending caps and debt limit
Treasury secretary says talks continue on offsets and structure of a deal

Treasury Secretary Steven Mnuchin said Thursday that the White House, Senate and House have an agreement on a two-year debt ceiling increase. (Tom Williams/CQ Roll Call file photo)

Treasury Secretary Steven Mnuchin said Thursday that agreement has been reached on spending levels for fiscal 2020 and fiscal 2021 as well as a two-year extension of the debt limit.

“The good news is we’ve reached an agreement between the administration, the House and the Senate on topline numbers for both year one and year two. We’re now discussing offsets as well as certain structural issues. And we’ve agreed as part of that deal there would be a long-term, two-year debt ceiling increase,” Mnuchin said on CNBC’s “Squawk Box.” “So, I think, all of our first choice is to reach an overall agreement and we’re working hard to do that. But if for whatever reason we don’t get there in time, I am encouraging a debt ceiling increase.”

House passes repeal of Obamacare tax on high-cost plans
‘Cadillac tax’ never took effect under intense lobbying against it by employers and unions

“If we fail to repeal the Cadillac tax, we will leave working families with less health care coverage, higher out-of-pocket health care costs and little to no wage increases,” says Ways and Means Committee Chairman Richard E. Neal of Massachusetts. (Tom Williams/CQ Roll Call)

The House passed, 419-6, legislation Wednesday to repeal the so-called Cadillac tax, pleasing health insurers, unions and a bipartisan coalition of lawmakers who have long pushed to scrap the levy.

The measure would permanently repeal the 40 percent excise tax on high-cost employer-provided health insurance, which was envisioned as a key way to pay for the 2010 health care law. The tax, which Congress twice delayed from taking effect, is set to go into effect in 2022.

D.C. is over the moon about 50th anniversary of Apollo 11
The week’s events are out of this world

A collection of Barbie dolls celebrating the moon landing anniversary is on display on Wednesday at the “Barbie Pond on Avenue Q,” outside a house in Washington. (Caroline Brehman/CQ Roll Call)

Fifty years ago, two Americans, Neil Armstrong and Buzz Aldrin, made history as the first people to ever step onto the surface of the moon (or onto a movie set, depending on which side of the conspiracy spectrum you fall on). This week our nation’s capital is siding with space and celebrating the lunar mission that took place in July 1969.

In honor of the milestone anniversary, the National Air and Space Museum is projecting a 363-foot image of Saturn V, the rocket that launched the Apollo 11 crew, onto the east side of the Washington Monument. On Friday and Saturday, the museum will host even more theatrics, recreating the Kennedy Space Center countdown clock on the National Mall. 

Leahy casts his 16,000th vote, joining an exclusive Senate club
No currently serving senators have cast more career votes

Sen. Patrick Leahy cast his 16,00th vote Wednesday. (Caroline Brehman/CQ Roll Call)

“Just a little perspective, imagine taking 16,000 pennies and stacking them one on top of the other, they’d surpass the height of the Washington Monument. They’d more than double the height of the Capitol Dome,” said Schumer. “It’s a reminder that a multitude of smaller actions and the accumulation of smaller accomplishments over a lifetime of quiet dedication can amount to a great monument of achievement.”

After accolades and congratulations, Leahy had some words of his own. 

Rep. Cleaver: ‘Forget’ Trump's tweets... ‘We can't continue to react to this’
Missouri Democrat abandoned House presiding chair amid partisan bickering over vote to condemn Trump’s racist tweets

Democratic Rep. Emanuel Cleaver abandoned the presiding chair of the House Tuesday amid partisan bickering over a resolution to condemn President Donald Trump’s racist tweets against four Democratic congresswomen. (Bill Clark/CQ Roll Call file photo)

A day after Rep. Emanuel Cleaver abandoned his post presiding over House proceedings in frustration over bickering between Republicans and Democrats, the Missouri Democrat urged lawmakers and the American people to ignore President Donald Trump’s online antics as he “tweets away his presidency.”

“We can’t continue to react to this,” Cleaver said Wednesday on CNN’s “New Day” about the chaos that ensued as Democrats tried to hold a vote to condemn racist tweets the president posted over the weekend attacking four minority female congresswomen.

House’s condemnation of Trump may just be the beginning
Now the debate is over push by some Democrats for impeachment

Speaker Nancy Pelosi and senior aide Wendell Primus leave the House floor on Tuesday as turmoil gripped the chamber. (Bill Clark/CQ Roll Call)

Although Tuesday’s long day of heated debate ended with the House voting to condemn President Donald Trump for racist tweets, the chamber’s brawl over the president’s behavior may be just beginning. 

The House voted, 240-187, to approve a nonbinding resolution that says the chamber “strongly condemns” Trump’s “racist comments that have legitimized and increased fear and hatred of new Americans and people of color.”

Senators press census chief on cyber, outreach fears
After citizenship question abandoned, worries continue

Sen. Gary Peters, D-Mich., arrives in the Capitol building for a vote on April 10, 2018. (Bill Clark/CQ Roll Call)

The Census Bureau’s chief on Tuesday pushed back on concerns about cyberattacks and outreach in rural areas in testimony before the Senate Homeland Security and Governmental Affairs Committee.

In the first congressional testimony by a bureau official since the Trump administration dropped a citizenship question from the 2020 census, the issue was only briefly addressed. Senators instead focused on the implementation of the count next year, which will be the first to rely primarily on online responses. That change has raised fears of cyber intrusions and technology shortfalls.

U.S., Sweden need to move ASAP on Rocky’s detention, Espaillat says
Rapper has been held since early July, and the Harlem congressman is getting involved

A$AP Rocky has been held in Sweden since early July. (Christopher Jue/Getty Images file photo)

Rep. Adriano Espaillat is not satisfied with the U.S. government’s response to American rapper A$AP Rocky’s detention in a Swedish jail, and plans to “mobilize” ahead of the rapper’s Friday hearing.

Espaillat, who represents the Harlem neighborhood where the rapper was born, says he’s talked with officials at the State Department who have promised to monitor the situation.

‘I abandon the chair’: House floor in chaos over Pelosi speech on Trump tweets

Rep. Emanuel Cleaver II, D-Mo., abandoned the chair amid the debate over a resolution condemning the president’s tweets. (Bill Clark/CQ Roll Call file photo)

Amid debate over whether to condemn tweets by President Donald Trump as racist on Tuesday, the House descended into parliamentary chaos, with Rep. Emanuel Cleaver II, who was presiding, abruptly dropping the gavel and saying, “I abandon the chair.”

It was an extraordinary moment on an extraordinary day, as the House considered a resolution condemning Trump’s tweets from the weekend that told four freshman Democrats from the House to “go back and help fix the totally broken and crime infested places from which they came.”