Photographer: Michael Nagle/Bloomberg

GOP eyes tax overhaul — and lessons from health-care failure

Moments after their hopes of undoing Obamacare unraveled, President Donald Trump and top Republicans said in unison that they’re moving on to another ambitious goal -- overhauling the U.S. tax code.

Army HR spins off cybersecurity support order

The rising cyber threat has prompted the U.S. Army Human Resources Command to separate cybersecurity from general computer professional services.

Photographer: Brendan Smialowski/Bloomberg News

Seven tips for making a lasting impression with members of Congress

Are some constituents more memorable than others? Do lawmakers and their staff have better mental recall of some constituents and thus inflate their importance? The research says yes, and that lawmakers use mental shortcuts known as heuristics to help them remember constituents and make decisions.

Photographer: Akio Kon/Bloomberg

Potential Nafta renegotiation may offer lobbying opportunities

Renegotiating the North American Free Trade Agreement is a priority for the Trump administration, and lobbying on trade issues could accelerate for U.S. companies that generate significant revenue in Canada and Mexico.

(Bloomberg) — Puerto Rico oversight board “supports an expedited Prepa negotiation between the Government and creditors that results in the lowest electric power rate possible,” chairman Jose B. Carrion says.

  • Carrion comments in written remarks submitted to House Natural Resources Cmte ahead of Wednesday hearing and obtained by Bloomberg News
  • Puerto Rico Governor Ricardo Rossello, speaking in separate set of remarks, says agreement worked out by previous island’s governor and creditors “requires modifications”
  • Rossello’s concern include the impact on Puerto Rican rate-payers and on the capital and liquidity available to Prepa, “failure of certain creditor groups to provide significant concessions”
  • Stephen Spencer, managing director at Houlihan Lokey, testifying on behalf of Puerto Rico investors Franklin Advisers and Oppenheimer Funds, says Prepa agreement is set to expire March 31 and “consequences for rejecting the Prepa Transaction could be dire”
    • It “could precipitate another collapse in trade credit, draining Prepa of potentially hundreds of millions in liquidity virtually overnight”
  • National Public Finance Guarantee, municipal-only monoline insurer that insures about $3.6b of Puerto Rico bonds, says it didn’t get detailed proposal of how Puerto Rico wants to amend the Prepa deal to close the restructuring
  • If deal falls apart, Prepa would likely default on >$450m bond payment July 1, according to written remarks from National Public Finance Guarantee Managing Director & Chief Risk Officer Adam Bergonzi
    • “This would in turn lead to bondholder litigation”
Photographer: Staff Sgt. Jeremy D. Crisp

$350 million MAC merges DISA support services

DISA is consolidating its scattered professional support services deals onto a five-year $350 million small-business set-aside multiple award contract.

Photographer: Christopher Dilts/Bloomberg

Trump floats health bill changes to win over conservatives

The White House is talking with House conservatives about last-minute changes to the embattled GOP health-care bill aimed at wooing enough holdouts to secure House passage.