Something new every day. What sounded like the House floor audio came over the loudspeakers in 1100 Longworth and everyone just stood for the Pledge of Allegiance. And after some unscheduled patriotism, off we go with Yellen at Ways and Means.

News: In House Dem Caucus meeting, Jeffries discussed potential motion to vacate plans with members.

Some Dems insistent that if they were to save Johnson, they’d need something in exchange. As Annie Kuster told me, Dems aren’t “a cheap date.”

W/ Jake Sherman Heather Caygle

.Punchbowl News AM today
- House Freedom Caucus grumbles but won’t seek to oust Speaker Mike Johnson
- GOP rebuffed Baltimore bridge funding request in FAA bill
- Secretary Janet Yellen to tout tax season success at W&M hearing
- Rep. Randy Feenstra on the air in Iowa

punchbowl.news/archive/43024-…

.Secretary Janet Yellen will be at Ways & Means this morning

Here’s what Yellen plans to say in her opening remarks & some focus areas to expect from lawmakers from Punchbowl News AM: punchbowl.news/article/janet-…

From The Sunday Vault: a look at what's next for Rep. Jason Smith's W&M tax policy groups. Expect the 10 GOP panels to hold roundtables & listening sessions, mostly outside of DC

W&M is also expected to hold field hearings tying into 2025 tax debate. More: punchbowl.news/article/jason-…

Some news in The Vault: The prudential bank regulators will testify before Congress next month, according to three sources familiar with the planning.

The House Financial Services Committee goes first on May 15, followed by the Senate Banking Committee on May 16. More in Midday

Looking forward to sitting down with Rosa DeLauro to discuss the news of the day, national security modernization and warfighter readiness in the United States. Andrew Desiderio is joining in to moderate as well! RSVP: events.punchbowl.news/delauro/X

What are Rep. Jason Smith's tax policy groups up to now? Laura Weiss breaks it all down: punchbowl.news/article/jason-…

.Laura Weiss gives a first look at Treasury and IRS' data on Direct File and what's next for the free and online tax filing system in Punchbowl News Midday.

Plus, John Bresnahan breaks down the latest inflation report:
punchbowl.news/archive/42624-…

Durbin told me earlier this week that his 'hands were tied' on a subpoena and invoked the need for a bipartisan approach.

Meanwhile, three industry sources tell me the judiciary committee hasn't been in touch on next steps since the hearing was delayed earlier this month.

NEW: Barrasso charts his own path to power

Barrasso consistently votes opposite the rest of the GOP leadership team, including on the foreign aid bill. But he’s running for whip, a job that will require him to convince as much of the conference as possible to vote for or against…

NEWS: GDP came through at 1.6% for Q1. That's a sharper slowdown than expected and marks the first time in at least two years economists have overestimated economic growth. They've consistently been under.

House Ways and Means Committee Republicans have set up 10 working groups for different parts of the 2017 Trump tax cuts set to expire, the panel announced this morning.

Laura Weiss with the details:
punchbowl.news/article/trump-…

How IRS Commissioner Danny Werfel is defending and selling the benefits of the IRS' budget in Punchbowl News Midday.

More from Vault co-author Laura Weiss:
punchbowl.news/article/danny-…

Check out the latest AI Impact from Mica Soellner on small business & AI, including an interview with SBA’s Isabel Guzman - punchbowl.news/ai-impact/smal…

Really excited about our event on the AI Impact with Senator Mike Rounds next Tuesday at 8:30 a.m.

Anna Palmer will also sit down with Kent Walker, president of global affairs at Google

RSVP: events.punchbowl.news/AI_Impact_Roun…

This weekend's Sunday Vault was a real good one. ICYMI:

- Laura Weiss has a GREAT profile of the IRS commissioner and how he's leading one of DC's toughest charm offensives
- I look at the next big legislative hurdle for stablecoin reform
- a 👀 fundraiser for Huizenga

IRS Commissioner Danny Werfel leads an agency disliked by taxpayers and one that is under constant attack from Republicans. But he’s on a mission to change that.

Laura Weiss with more on his charm offensive:
punchbowl.news/article/irs-co…