Senate Republicans are expected to move forward on Wednesday with efforts to codify some of the Department of Government Efficiency cuts to programs such as the U.S. Agency for International Development (USAID) and public broadcasting.

President Donald Trump is one step closer to having Congress officially sign off on a slice of his Department of Government Efficiency’s spending cuts after Senate Republicans agreed TK DATE to cancel $9 billion in funding to foreign aid and public broadcasting.

The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins,

On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which would establish a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.

The House of Representatives could soon vote on the rescissions package that would cut $9 billion from foreign aid and public broadcasting funding if signed into law. CBS News' Caitlin Huey-Burns reports.

A political standoff has delayed a House vote on cryptocurrency legislation as Republicans struggle with timing constraints and internal disagreements over the GENIUS and Clarity acts.

The House set a new record Wednesday for the longest vote ever held in the chamber in history, breaking a record that had only been set earlier in the month.

The House on Wednesday finally mustered the votes to adopt a rule governing floor debate on crypto bills and the Defense spending bill.

The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, a day after President Donald Trump intervened to save the initiative, paving the way for the first federal law for digital assets.