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.
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Articles
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.
Pfizer, U.S. ink $5.29B deal for possible COVID-19 treatment
Pfizer asked the Food and Drug Administration on Tuesday to authorize emergency use of the experimental pill, which has been shown to significantly cut the rate of hospitalizations and deaths among people with coronavirus infections.
Indiana’s highway system stagnant in national ranking, study says
The foundation’s 26th annual highway rankings place the Hoosier state at 32 for the second straight year, dinging it for poor rural and urban interstate pavement, insufficient maintenance expenditures, low capital and bridge spending, and more.
Indiana high court taking governor’s suit over emergency law
The legal fight over the increased power Indiana legislators gave themselves to intervene during public health emergencies will be going before the state Supreme Court, although not for nearly five months.
City to invest $3.5 million in far-east side through Lift Indy program
The far-east area is Lift Indy’s seventh designee, after Mid-North, Monon16, the Old Southside, East 10th Street, the Near-North and Martindale-Brightwood.
U.S. offering investment to boost COVID-19 vaccine capacity
The Biden administration is making billions of dollars available to drugmakers to expand domestic production of COVID-19 vaccines in the hopes of building capacity to produce an additional 1 billion shots per year to share with the world.
Nominee for U.S. banking regulator faces hostile opposition
Saule Omarovaa’s previous criticism of the banking industry makes the banks fearful she will be a tough regulator for Wall Street. They also are wary because of academic writings in which she has proposed substantial overhauls to how banks operate in the U.S.
Biden pushes electric vehicle chargers as energy costs spike
The president is hoping to do even more to promote electric vehicles, including a provision for a $7,500 tax credit for consumers who buy electric vehicles through 2026 that’s been floated as part of his proposed $1.85 trillion social services and climate bill.
Indiana governor, GOP lawmakers look to end COVID-19 orders
Indiana’s governor is facing pressure from fellow Republicans to end the statewide COVID-19 public health emergency order that’s been in place since March 2020 even as the state has seen a recent jump of infections and hospitalizations.
A dozen states, including Indiana, challenge health worker vaccine mandate
The latest suit, dated Monday, was filed in Louisiana on behalf of 12 states and comes less than a week after another lawsuit challenging the rule was filed in Missouri by a coalition of 10 states.
State higher education chief Teresa Lubbers stepping down
Indiana Commissioner for Higher Education Teresa Lubbers plans to leave her position at the end of the 2022 legislative session, ending a nearly 13-year run in the job, the governor’s office announced Tuesday morning.
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.
Federal spending bill would give local news outlets ‘shot in the arm’
Though the proposal’s main objective was to rescue small papers hit hard by the pandemic, should the tax break become law, Gannett, one of the nation’s largest remaining newspaper chains, could gain as much as $127.5 million over five years.
Indiana governor says ‘we shall see’ on possible tax cuts
Indiana’s surging state tax collections have the governor in discussions on whether tax cuts should be considered during the upcoming legislative session.
Q&A: Mike Leppert talks about his debut political thriller
Mike Leppert, a former lobbyist, has written a novel, “Flipping the Circle,” that tells a fictionalized version of efforts at the Indiana General Assembly to create a monopoly for e-liquid vaping products.
Biden bill includes boost for union-made electric vehicles
Eleven governors complained that the more generous tax credit for cars made in union plants would punish companies and workers in their states.