ASAToday for March 27th, 2025

This Week in Congress   Both the House and the Senate were in session this week, following a week-long recess. Congress will be in session for the next three weeks, before breaking from…

Budget Reconciliation Update!   Just before recessing, Congress passed a continuing resolution to fund the federal government through the end of fiscal year 2025. Republican leaders will spend the next three weeks…

FY26? The upcoming battle is over the President’s budget for FY26, expected in April. Without a spending cap deal, the President may propose significant cuts to foreign aid and domestic programs. However,…

Debt Limit Update The Congressional Budget Office (CBO) will announce its debt-limit “x-date” this week. Speaker Johnson (R-LA) prefers to raise the debt limit within a reconciliation bill. If Congress doesn’t approve…

Interim Final Rule on the Corporate Transparency Act?   On March 21st, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) published an interim final rule (the “March 21 Rule”) that: Narrows…