Reps. Pat Tiberi (R-Ohio) and Ron Kind (D-Wis.) want a permanent expension of the popular tax break that allows businesses to quickly write off expenses.
On The Money
Federal watchdogs have said in recent years that the IRS doesn't fully grasp the extent of the identity theft problem.
The House is out of town for its nearly three-week recess and the Senate will not hold nomination votes during its rare Friday session.
Campaign finance watchdogs said former IRS official Lois Lerner didn't respond aggressively enough to Crossroads GPS, the GOP groups with ties to Karl Rove.
General Motors said Thursday that its recall of more than two million of its vehicles is expected to cost $1.3 billion.
The company made the announcement as it said it was adding another fix to its prior recalls of the ignition switch and power steering mechanism of its older models like the Chevrolet Cobalt and Saturn Ion.
GM has come under fire from lawmakers and regulators for allegedly delaying an issue of the recalls on purpose for cars that are in some cases as old as a decade because it did not want to pay for repairs.
Republicans on the House Financial Services Committee are prepared to subpoena top officials at the Consumer Financial Protection Bureau if they refuse to testify on workplace issues at the regulator.
Spending from Oct. 1 through March 31 totaled $1.7T while revenue was $1.3T.
Panel approves contempt charges in 21-12 party-line vote.
The passage of the fiscal 2015 blueprint is a significant victory for GOP leaders.
The House on Thursday rejected a budget alternative offered by the Democratic Caucus, with the help of 31 House Democrats.