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The Latest Breaking News from Bill Foster

Can Congress buy in to digital dollar without legislation?

WASHINGTON — The White House’s exploration of a government-backed digital dollar is raising an implicit question that has received little attention: What role does Congress have in the decision?

Tribune News Service

Can Congress buy in to digital dollar without legislation? - Roll Call

The Fed says it needs congressional support to issue a digital currency, but it's unclear whether it has to be in the form of legislation.

Roll Call

Chicago-area congressional Democratic candidates lead in fundraising, new FEC reports show

Rep. Raja Krishnamoorthi, D-Ill., once again is the champion fundraiser in the delegation, with $11.6 million cash on hand as of Sept. 30.

Chicago Sun-Times

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Underfunded states to get boost in high-tech research money

WASHINGTON — Two dozen mostly rural states are set to receive a greater share of federal research money from the recently enacted science and technology funding law as lawmakers, experts and researchers push to support talented scientists outside of major research hubs such as those in California, Massachusetts and New…

Tribune News Service

Underfunded states to get boost in high-tech research money - Roll Call

Congress is steering more science and research funding to rural and low-income states to create opportunity outside of tech hubs.

Roll Call

Bank executives warn lawmakers of lending risk among nonbanks - Roll Call

Bank executives warned House lawmakers that the biggest lenders in the mortgage market are nonbanks that face fewer capital requirements.

Roll Call

Energy Secretary Jennifer Granholm to visit Argonne National Lab, Hyzon Motors

In Bolingbrook, Granholm and Rep. Bill Foster, D-Ill., will tour Hyzon, which makes zero-emission, hydrogen-powered commercial vehicles.

Chicago Sun-Times

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Rep. Lauren Underwood leading drive to bolster swing district Democrats on Obamacare subsidies

At issue are pending increases in health insurance costs for Affordable Care Act plans. Voters will learn just before the November elections that temporarily boosted subsidies will expire in 2023 — unless Congress acts.

Chicago Sun-Times

Congress mulls immigration’s role in China competition strategy - Roll Call

House Democrats and advocates are pushing for immigration provisions that would attract high-skilled workers.

Roll Call

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