Erik Wasson
Bloomberg Law
Washington, DC, United States
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Past articles by Erik:
Biden Fires $6.9 Trillion Salvo to Open Budget Showdown (1)
President Joe Biden unveiled a $6.9 trillion budget proposal on Thursday, a defiant opening salvo in high-stakes negotiations with congressional Republicans over the debt ceiling and government funding. → Read More
Debt Ceiling Catapults New Biden Budget Into Market Spotlight
President Joe Biden’s budget proposal is an opening salvo in the looming impasse with Republicans over raising the debt ceiling and funding the US government. → Read More
Bipartisanship Isn’t Dead. Here’s What Congress Might Actually Agree on
A banking bill for cannabis businesses. “Junk fee” curbs. Insulin price cuts. The US Congress is bitterly divided, but in these niche areas, there’s hope for compromise. → Read More
McCarthy Urges Negotiations on Debt Limit With No ‘Lines in Sand’
Speaker Kevin McCarthy urged President Joe Biden to enter negotiations with Republicans on a “responsible” debt limit increase that avoids any US payments default while addressing the nation’s longer-term fiscal challenges. → Read More
McCarthy Blocked Again in Stunning Loss on 14th Speaker Vote
Republican Kevin McCarthy suffered a stunning and humiliating loss in the 14th round of balloting for speaker, just hours after he and his allies had put together a compromise they expected would win over his opponents. → Read More
McCarthy’s Fight to Become Speaker Drags Into Fourth Day
The US House adjourned as Kevin McCarthy’s allies tried to strike a deal with members of the group who’ve blocked the California Republican from being elected speaker in a historic 11 rounds of voting. → Read More
McCarthy Blocked in Historic Ninth Vote for US House Speaker
Republican Kevin McCarthy was blocked in his bid to become US House speaker for a historic ninth time on Thursday, leaving his party fractured and the chamber paralyzed for a third straight day. → Read More
McCarthy Again Blocked in Bid for House Speaker as Conservatives Rebel
Representative Kevin McCarthy again failed to sway a group of dissident GOP lawmakers and his bid to become House speaker was blocked for the fifth time, deepening the chaos that has enveloped the Republican Party in the first days of the new Congress. In the unofficial tally of Wednesday’s second roll call ballot, 20 out of 222 House Republicans opposed McCarthy, enough votes to deny him the… → Read More
GOP Hard-Liners Angle for Plum Posts as Price of McCarthy Votes
Florida Republican Matt Gaetz, who was among those who questioned whether the coronavirus originated in a lab in China, wants to chair a House Armed Services subcommittee. Maryland Republican Andy Harris, one of Congress’s most conspicuous opponents of abortion and recreational marijuana, wants the gavel of the Appropriations subcommittee on health and human services. And a freshman wants two… → Read More
House Adjourns With McCarthy’s Speaker Bid Still in Doubt
The House abruptly adjourned Tuesday without electing a new speaker after Republican leader Kevin McCarthy failed to win a majority in three rounds of voting amid a rebellion by a small group of conservatives. The losses on consecutive votes were a personal and political blow to McCarthy, who has spent the past year courting hard-line conservatives in the Republican caucus, and overshadowed the… → Read More
McCarthy Loses Third Round of Voting for House Speaker
Ramon Abbas perfected a simple internet scam that helped him launder millions of dollars, riches he shamelessly flaunted on Instagram. Better known as @Hushpuppi, the young Nigerian became a fixture among the global elite as fashion houses showered him with gifts. But his fame would ultimately be his downfall → Read More
Congress Clears $1.7 Trillion Funding Bill With Ukraine Aid
The US Congress passed and sent to President Joe Biden a $1.7 trillion government funding bill that includes more aid for Ukraine and changes to the way presidential elections are certified. → Read More
Spending Plan, Ukraine Aid Hung Up Over Border Policy Dispute
Plans in Congress to quickly advance a package of $45 billion in Ukraine aid in a broader spending package hours after an historic address by Ukraine President Volodymyr Zelenskiy were scuttled late Wednesday over a dispute about US border security. → Read More
Marijuana Banking Bill Excluded From Year-End Spending Bill
Legislation to open banking services to marijuana businesses was left out of a must-pass government funding package, ending a year-end effort to move it to President Joe Biden’s desk, a person familiar with the decision said. → Read More
A Standoff Is Coming in 2023 — and It’s Over the National Debt
President Joe Biden is headed toward a standoff over the national debt next year, when Republicans newly in control of the US House threaten to demand concessions for raising the government’s legal borrowing limit. → Read More
Republicans Vote to Continue Spending Earmarks Next Year
House Republicans voted to keep earmarks for annual spending bills when they take control of the House next year, marking a significant victory for appropriators and swing-district members and a defeat for conservatives intent on reining in spending on pet projects for lawmakers. → Read More
Pelosi to Exit as Top House Democrat, Ending Historic Era
Nancy Pelosi announced she will step down as House Democratic leader, ending her history-making tenure as the first woman to serve as speaker and opening the way for a generational change in her party’s congressional leadership. → Read More
US Senate Control Comes Down to Who Wins Two of Last Three Races
Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. Reporters from Bloomberg's Washington, D.C. bureau are prominently… → Read More
How the US Midterm Elections Could Affect Companies' Profits
End of one-party economic policy seen after midterms → Read More
House GOP’s Scalise Defends Medicare, Social Security Plans
Representative Steve Scalise, the number two House Republican, defended his party’s approach to Medicare and Social Security, which has become a campaign issue ahead of US midterm elections in November. → Read More