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Sen. Daines introduced the Budgetary Accuracy in Scoring Interest Costs (BASIC) Act Thursday, which would require both the Congressional Budget Office (CBO) and the Joint Committee on Taxation to include projected interest expenses associated with legislative proposals. Daines said that including interest is necessary to accurately account for the budgetary cost of the legislation.  Sens. Rand Paul (R-KY) and David Perdue (R-GA), two fiscal hawks, also cosponsored Daines’ BASIC Act. Daines’ legislation arises as the Senate passed a two-year budget agreement,that would increase federal spending by $320 billion over two years. The federal government requires both the JCT and CBO to provide

Republican congressional leaders are quietly preparing to pass a “clean” debt ceiling increase, according to multiple senior GOP sources — setting the stage for a high-risk showdown with rank-and-file Republicans this fall. Trump administration officials, led by Treasury Secretary Steven Mnuchin, are imploring Congress to raise the $19.8 trillion debt limit with no strings attached by the end of September. And Senate Majority Leader Mitch McConnell and Speaker Paul Ryan — well aware they need Democrats to pass any debt bill through the Senate — are on board, albeit begrudgingly so. But beyond the leadership, there are few Republican takers,

 bipartisan group of U.S. senators on Tuesday plans to introduce legislation seeking to address vulnerabilities in computing devices embedded in everyday objects – known in the tech industry as the “internet of things” – which experts have long warned poses a threat to global cyber security. The new bill would require vendors that provide internet-connected equipment to the U.S. government to ensure their products are patchable and conform to industry security standards. It would also prohibit vendors from supplying devices that have unchangeable passwords or possess known security vulnerabilities. Republicans Cory Gardner and Steve Daines and Democrats Mark Warner and