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The Finance Committee agreed to reauthorize CHIP. Photo: Jacquelyn Martin / AP

The Senate Finance Committee this morning approved, without dissent, a bill to reauthorize the Children's Health Insurance Program. Federal funding for CHIP expired at the end of September; Congress is hoping to pass an extension before states start running out of money and are forced to reduce coverage.

The details: The Senate's bill would reauthorize CHIP for five years and gradually wind down a funding bump from the Affordable Care Act. Senators haven't yet said how they would pay for the extension, while offsets offered in the House's version of the bill have already attracted Democratic opposition. The House Energy and Commerce Committee is slated to mark up that bill this afternoon.

Go deeper

Schumer says Senate will stay through weekend to vote on COVID relief

Senate Majority Leader Chuck Schumer (D-N.Y.) accused Sen. Ron Johnson (R-Wis.) of going to "ridiculous lengths" to show his opposition to a COVID relief package widely supported by the American public, after Johnson demanded that the entire 600-page bill be read on the Senate floor.

The state of play: Johnson's procedural move will likely add 10 hours to the 20 hours already allotted for debate, during which Republicans will propose amendments to force uncomfortable votes for Democrats. Schumer promised that the Senate will stay in session "no matter how long it takes" to finish voting on the $1.7 trillion rescue package.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

What central bank digital currencies mean for crypto

Illustration: Aïda Amer/Axios

Central bank digital currencies, or CBDCs, represent the ultimate ratification of digital finance: Its adoption by the most venerated guardians of the international monetary architecture.

Why it matters: Crypto-evangelists often talk about CBDCs in awed terms. But it's far from clear that the bitcoin-and-ethereum crowd would ultimately benefit from money going digital.

Capitol Police asks for National Guard to stay on-site for two more months

Photo: Sarah Silbiger/Getty Images

U.S. Capitol Police on Thursday asked that the National Guard remain on-site for an additional 60 days due to ongoing security concerns and potential violence at the Capitol, AP reports.

Why it matters: While many lawmakers are eager for security measures surrounding the Capitol — including fencing and an increased law enforcement presence — to be lightened, the request by Capitol Police reflects concerns about ongoing threats.