United States: Fiscal & Monetary Policy

Defense Spotlight. The House Appropriations Committee's vote on the defense bill this week marked the final House FY27 appropriations bill to clear committee.

On May 29, 2026, the Office of Management and Budget (OMB) published a proposed rule (Regulation for Federal Financial Assistance, 91 Fed. Reg. 32,198 (May 29, 2026)), that would significantly revise 2 C.F.R. Part 200...

Congressional Republicans are navigating complex budget reconciliation processes to fund immigration enforcement agencies while some members push for a third reconciliation bill focused on healthcare and other policy priorities. The partial DHS shutdown resolution left ICE and CBP unfunded, prompting alternative legislative strategies that face internal party disagreements over spending allocations and policy inclusions.

North Carolina lawmakers reconvene for the 2026 Short Session facing critical decisions on budget negotiations, Medicaid reform, and Hurricane Helene recovery funding.

The Drug Enforcement Administration's reclassification of certain marijuana products from Schedule I to Schedule III of the Controlled Substances Act promises to reshape the tax landscape for medical cannabis businesses.

After years of false starts, the federal government has finally moved on cannabis rescheduling — at least partially. On April 23, 2026, the Department of Justice issued...

Michigan's Democratic-led Legislature worked through the night to approve a budget deal of $82.5 billion early in the morning, last Thursday, June 27.

This week, the U.S. House of Representatives narrowly passed the "One Big Beautiful Bill Act," a sweeping Republican-led legislative package that slashes taxes, boosts border and defense spending...

In this webinar, members of our Tax Policy practice group hosted a comprehensive discussion on the next steps for the tax legislation as it progresses through the House and over to the Senate.