Your guide to how Washington shapes business and the economy
| FRI, MAR 19, 2021 | | | Hello, Spring is just a couple days away. Fittingly, it is a period of flux and change in Washington, as the Biden administration and Congress tackle a new set of priorities. Here are some of the key stories CNBC Politics has been tracking: - The Biden administration held its first high-level meeting with Chinese officials Thursday in Alaska. It didn't go too well. What was supposed to be a brief photo op exploded into an hourlong session that included insults and accusations. Talks ended after three hours. They are set to resume Friday.
- The House passed two immigration bills Thursday, mostly along party lines, although some Republicans joined the majority Democrats. Whether the measures, which are narrower than the Biden-backed overhaul released earlier this year, pass the Senate is up in the air. There is increasing pressure to address the immigration system as the Mexican border experiences a surge of unaccompanied children trying to enter the United States.
- Several major corporations halted political donations after the deadly Jan. 6 riot on Capitol Hill. Some explicitly said they wouldn't donate to GOP candidates who, encouraged by former President Trump, challenged Joe Biden's election victory. Others halted contributions to both major parties. Now, Democrats and Republicans are lobbying for these companies to begin donating again as campaigns prepare for next year's congressional midterm elections.
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