Biden to propose 8-year citizenship path for immigrants
Joe Biden is expected to take swift executive actions to reverse other Trump immigration actions, including an end to the prohibition on arrivals from several predominantly Muslim countries.
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Census Bureau director to resign amid criticism over data
The Census Bureau director’s departure comes as the statistical agency is crunching the numbers for the 2020 census, which will be used to determine how many congressional seats and Electoral College votes each state gets.
Canada urges Biden not to cancel oil pipeline on first day
Alberta Premier Jason Kenney said Monday he will seek legal damages if reports are true that Joe Biden plans to scrap the pipeline upon taking office.
Biden picks Chopra, Gensler for financial oversight roles
President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau. He announced the move Monday, along with his intent to nominate Gary Gensler as the next chair of the Securities and Exchange Commission.
WHO chief lambasts vaccine profits, demands elderly go first
Director-General Tedros Adhanom Ghebreyesus nonetheless hailed the scientific achievement behind rolling out coronavirus vaccines less than a year after the pandemic erupted in China.
China economy grew in 2020 on earlier rebound from virus
China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections.
Push for Indiana minimum wage increase likely stalled again
A Democratic-backed proposal that would unlink Indiana from the current federal minimum wage that’s remained at $7.25 an hour since 2009 is unlikely to get traction in the General Assembly.
FBI vetting National Guard troops in Washington over fears of insider attack
About 25,000 members of the National Guard are streaming into Washington from across the country. Indiana Gov. Eric Holcomb said last week that he would be deploying 625 troops to Washington from Jan. 16-22.
No activity at Statehouse on Sunday, despite expected protest by Trump supporters
Aside from a single protester for a separate cause—the war on drugs—the only individuals on site were from local news organizations or people walking their dogs.
Stocks suffer worst loss in a week on weakening economic reports
Stocks have run out of steam since the S&P 500 set a record high a week ago amid optimism that COVID-19 vaccines and more stimulus from Washington will bring an economic recovery.
GOP lawmaker pushes bill to prevent renaming of Indianapolis
Bill sponsor Sen. Jack Sandlin of Indianapolis referred to the legislation as a “preemptive measure.”
U.S. industrial production jumps 1.6%
U.S. industry operated at 74.5% of capacity in December, still below the pre-pandemic rate of 76.9% in February.
U.S. retail sales fall for third straight month
Some retailers have already indicated that they had an unhappy holiday season. Department store chain Nordstrom, lingerie seller Victoria’s Secret and clothing retailer Urban Outfitters all said sales fell during the holidays.
Biden announces $1.9T pandemic rescue plan
President-elect Joe Biden unveiled a stimulus plan Thursday intended to speed up vaccines and pump out financial help to those struggling with the pandemic’s prolonged economic fallout.
Powell signals Fed will keep aiding economy with bond buying
Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance.
Petco goes public again as spending on dogs, cats soars
It’s the third time Petco has gone public since it was founded in 1965 as a mail-order veterinary supplies business. Both times Petco was bought and taken private, most recently in 2006.
Instacart, others push incentives to get workers vaccinated
As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots.
Trump backers seek online refuges after big tech backlash
Online supporters of President Donald Trump are scattering to smaller social media platforms, fleeing what they say is unfair treatment by Facebook, Twitter and other big tech firms looking to squelch what they label misinformation and threats of violence.
Mortgage rates poised to rise as U.S. Treasury yields surge
Long-term bond yields, which can influence interest rates on mortgages and other consumer loans, are climbing this month amid expectations of higher U.S. government spending on pandemic relief and an economy recovery as more people get vaccinated for COVID-19.
U.S. unemployment claims jump to 965,000 as virus takes toll
In Indiana, 18,812 people filed initial unemployment claims in the week ended Jan. 9, up from an adjusted number of 14,796 the previous week.