Treasury Secretary Yellen says debt standoff risks ‘calamity’
The Biden administration and Republican lawmakers have been at loggerheads over how to increase the government’s legal borrowing capacity.
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Top Biden aide and Indy native Klain expected to leave White House
Ron Klain’s departure also comes as the White House struggles to contain the fallout after classified documents dating from President Biden’s time as vice president were discovered at his home in Wilmington, Delaware, and at his former institute in Washington.
U.S. Treasury buys time for Biden, GOP on debt limit deal
The countdown toward a possible U.S. government default began Thursday with Treasury implementing accounting measures to buy time as frictions between President Joe Biden and House Republicans raise alarms.
Buttigieg finds himself in the spotlight for better or worse
Faced with a historic system failure that grounded air service, Pete Buttigieg appeared to lean into his role as the face of the beleaguered American transportation network.
Feds propose ‘student loan safety net’ alongside forgiveness
President Joe Biden is moving forward with the repayment plan even as his one-time debt cancellation faces an uncertain fate before the Supreme Court.
McCarthy elected House speaker in rowdy post-midnight vote
Republican Kevin McCarthy was elected House speaker on a historic post-midnight 15th ballot early Saturday, overcoming holdouts from his own ranks.
Congress expands protections for pregnant and nursing workers
Experts say the provisions will help close the gender wage gap and improve conditions for pregnant workers, especially in physically demanding jobs.
Plymouth-based SIMBA Chain lands 20-year government contract
SIMBA Chain, which helps customers implement blockchain technology, recently became a preferred vendor for the federal government. This means the company can do business with any federal government agency and can more easily work with other government vendors on projects.
Biden signs $1.7T bill funding government operations
The massive bill, which topped out at more than 4,000 pages, wraps together 12 appropriations bills, aid to Ukraine and disaster relief for communities recovering from natural disasters. It also contains scores of policy changes.
Mammoth spending bill aids retirees, boosts financial industry
A section of the $1.7 trillion spending bill passed Friday has been billed as a dramatic step toward shoring up retirement accounts of millions of U.S. workers. But the real windfall may go to a far more secure group: the financial services industry.
Jan. 6 report: Trump ‘lit that fire’ of Capitol insurrection
The 814-page report released late Thursday comes after the panel interviewed more than 1,000 witnesses, held 10 hearings and obtained more than a million pages of documents.
Senate approves $1.7 trillion omnibus bill to fund government
The bipartisan 68-29 vote teed up the measure for debate in the House, which has until the end of Friday to act.
US economy grew 3.2% in Q3, an upgrade from earlier estimate
The rise in gross domestic product—the economy’s output in goods and services—marked a return to growth after consecutive drops in the January-March and April-June periods.
Zelensky’s visit yields remarkable moment for two presidents
It offered Zelensky an opportunity to tout his government’s accomplishments in standing up to Russian aggression. It gave Biden a chance to reiterate his “America is back” message.
House committee votes to make public Donald Trump’s tax returns
Trump’s campaign blasted the committee’s vote as a politically motivated attack.
Lawmakers unveil $1.7T bill to avoid shutdown, boost Ukraine
Lawmakers worked to stuff in as many priorities as they could into the sprawling package, likely the last major bill of the current Congress. They are racing to complete passage before a midnight Friday deadline or face the prospect of a partial government shutdown going into the Christmas holiday.
Wells Fargo to pay $3.7B over consumer law violations
It’s the largest fine to date against any bank by the Consumer Financial Protection Bureau and the largest fine against Wells, which has spent years trying to rehabilitate itself after a series of scandals tied to its sales practices.
Jan. 6 committee’s criminal referrals: What they mean for Justice Department
A criminal referral is merely that: a referral. The Justice Department does not have to act on it.
Jan. 6 committee refers Trump to Justice Department for prosecution
The panel has recommended that the former president be charged with four crimes: inciting or assisting an insurrection, obstruction of an official proceeding of Congress, conspiracy to defraud the United States and conspiracy to make a false statement.
‘Fortnite’ maker Epic to pay $520M to settle FTC allegations
The Federal Trade Commission alleged that the company violated online child privacy laws and tricked players to making unintentional purchases.