Today In Washington
January 25, 2018
Source: AEO Government Relations Team, Madison Services Group
FY 2019 White House Budget Request
The White House is scheduled to release its FY 2019 Budget Request to Congress on February 12, as Congressional Leadership continue negotiations on a two-year deal to lift the budget caps imposed by the “Budget Control Act of 2011.” GOP Leadership is seeking to lift the cap on defense spending, while Democratic Leaders are insisting any hike in defense spending be coupled with a matching increase in domestic funding. Yesterday, Senate Majority Whip Jon Cornyn (R-TX) raised the prospect of another continuing appropriations resolution (CR), stating that after a deal is reached, it would take Congressional appropriators “additional weeks” to draft a bill and bring it up for a vote.
October 22, 2018
Treasury Releases Proposed Regulations on Opportunity Zones Designed to Incentivize Investment in American Communities
The IRS's proposed regulations clarify that any person that recognizes capital gain for U.S. federal income tax purposes is eligible to defer all or a portion of such gain by investing in an Opportunity Fund.
October 17, 2018
AEO Announces Hyacinth Vassell As Vice President of Innovation Engineering
AEO, a national nonprofit organization dedicated to the development of a robust marketplace for underserved microbusinesses, is proud to announce Hyacinth Vassell as Vice President of Innovation Engineering.