On The Hill

Kudlow Says No Tariff Relief in Sight   White House Economic Adviser Larry Kudlow said the Trump administration will not grant tariff relief payments because it would be complex and send the wrong message for the White House’s trade policies.   Kudlow told Bloomberg TV that “we never looked in any serious way at rolling…

COVID-19 Latest   News was light on the healthcare front this week as folks are still looking to digest the Phase III COVID-19 package that was signed into law late last week by President Trump.   Speaker Nancy Pelosi (D-CA) held a press conference on Thursday (Apr. 2) and made it evident that she wants…

As the coronavirus continues to spread across the country, lawmakers begin work on a ‘Phase 4’ stimulus package. Both President Trump and House Speaker Nancy Pelosi (D-CA) have indicated they intend to include an infrastructure package in the stimulus. Majority Leader Mitch McConnell (R-KY), however, has warned that a large-scale infrastructure package could be stalled…

Price War   On Friday (Mar. 27), International Energy Agency Director Fatih Birol said oil demand could drop as much as 20 percent this year. A drop in demand could extend the pain caused by reduced crude prices, which are at 20-year lows due to the COVID-19 pandemic and the Russian-Saudi price war.   “Oil…

House Sends “Phase Three” to President Trump’s Desk for Signature   On Friday (Mar. 27), the House passed a $2 trillion coronavirus relief package that provides a wide variety of assistance to individuals, small businesses, and other major industries.   The package, H.R. 748, the “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act), passed through a…

Trump Signs $2T COVID-19 Economic Relief Package   On Friday (Mar. 27) afternoon, President Donald Trump signed the $2 trillion coronavirus relief package, triggering the largest-ever injection of federal dollars into the U.S. economy.   Earlier Friday, the House approved HR 748, the “Coronavirus Aid, Relief and Economic Security Act” (CARES Act) by a voice vote, following…

Proposed Legislation   H.R. 6177, the “Members of Congress Tax Liability and Garnishment Accountability Act of 2020”, introduced by House Minority Leader Kevin McCarthy (R-CA) would require lawmakers to disclose delinquent tax liabilities and wage garnishments, and would hold their salaries in escrow until their delinquent liabilities are paid.   H.R. 6185, the “Save Our…

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The spread of COVID-19 has created unique global challenges with large scale impacts across industries, businesses, and government agencies. In accordance with federal guidelines, Capitol Hill Consulting Group has taken several measures to enhance the safety and health of employees and clients. All CHCG staff have been instructed to telework until further notice to minimize…

Oil Prices & Industry   Russia and Saudi Arabia show no signs of stopping their price war that continues roiling global energy markets. The price per barrel will likely drop below $20, and Moscow has spent years building reserves for this type of crisis. In addition to the standoff, COVID-19 has had enormous effect on…