Treasury proposes new disclosure rule to fight corruption
The proposed new rule would require companies to identify who owns and controls them, rather than the names of the people who formed the company.
Federal Government
Articles
Biden pledges savings on insulin, other drugs for Americans
The biggest policy change—a system for Medicare to negotiate prices for prescription drugs—won’t begin to deliver lower costs until 2025, and then only for a selected set of 10 medicines, as well as insulin products.
Todd Young joins group of GOP senators to address supply chain issues
U.S. Sen. Todd Young, an Indiana Republican, is among six GOP senators on the U.S. Senate Committee on Commerce, Science, and Transportation who filed the FREIGHT Act.
Senate passes stopgap funding bill, avoiding shutdown
The spending bill passed Thursday avoids a short-term shutdown and funds the federal government through Feb. 18.
Lawmakers reach deal on spending bill, but hurdles remain
Congressional leaders reached agreement Thursday on a stopgap spending bill to keep the federal government running through mid-February, though a temporary shutdown was still possible.
At historic abortion arguments, conservative justices signal changes
The high court is hearing arguments Wednesday in which the justices are being asked to overrule the court’s historic 1973 Roe v. Wade decision legalizing abortion and its 1992 ruling in Planned Parenthood v. Casey, which reaffirmed Roe.
Local companies eye big opportunities in federal infrastructure package
The $1.2 trillion law could be a boon for huge corporations like Cummins Inc. and Allison Transmission Inc. and smaller ones like Telamon Corp., 120Water Inc. and BCA Environmental Consultants LLC.
U.S. to release 50 million barrels of reserve oil to ease energy costs
The move is aimed at global energy markets, but also at U.S. voters who are coping with higher inflation and rising prices ahead of Thanksgiving and winter holiday travel.
Analysis: Biden’s Federal Reserve pick reflects political balancing act
By picking Jerome Powell to stay on as chair of the powerful Federal Reserve, President Joe Biden is trying to navigate hazardous crosscurrents between economic and political forces.
Biden to keep Powell as Fed chair; Brainard gets vice chair
In a second term, to begin in February, Jerome Powell faces a difficult and high-risk balancing act: Inflation has reached a three-decade high, causing hardships for millions of families, clouding the recovery and undercutting the Fed’s mandate to keep prices stable.
Cap on drug price hikes for privately insured sparks battle
The main drug industry lobbying group, the Pharmaceutical Research and Manufacturers of America, says inflation rebates would undermine innovation that continues after medicines are approved.
Indiana to land $8.8 billion from U.S. infrastructure bill
One Indiana project likely to be expedited as a result is widening interstates 65 and 70 to six lanes the full length and breadth of the state.
Two Democratic senators oppose Powell as Fed chair
Their opposition comes as President Joe Biden is expected to announce within days whom he will choose for the nation’s most powerful economic position.
Here’s what’s inside Dems’ massive social and climate measure
The 2,135-page bill includes universal preschool, funding to limit child care costs, expanded health care programs and a one-year continuation of a child tax credit, among many other provisions.
U.S. House passes $2T-plus spending package to expand social benefits, fight climate change
The measure adopted Friday amounts to a dramatic re-envisioning of the role of government in Americans’ daily lives. It still must survive an even tougher political slog in the days ahead.
House moves toward OK of Dems’ sweeping social, climate bill
House approval is expected Friday on a near party-line vote. That would send the measure to a Senate where cost-cutting demands by moderate Sen. Joe Manchin, D-W.Va., and that chamber’s strict rules seemed certain to force significant changes.
GOP-majority court chosen to consider Biden vaccine mandate
The selection could be good news for those challenging the administration’s vaccine requirement, which includes officials in 27 Republican-led states, employers and several conservative and business organizations.
House eyes vote this week on $2 trillion Biden spending plan
House Democrats hope to begin debate as soon as Wednesday on the proposal to overhaul the country’s health care, education, climate, immigration and tax laws, aiming to adopt the sweeping measure by the end of the week.
Biden signs $1T infrastructure deal with bipartisan crowd
The president hopes to use the infrastructure law to build back his popularity, which has taken a hit amid rising inflation and the inability to fully shake the public health and economic risks from COVID-19.
Roads, transit, internet: What’s in the infrastructure bill
The $1 trillion infrastructure plan that President Joe Biden plans to sign into law has money for roads, bridges, ports, rail transit, safe water, the power grid, broadband internet and more.