by Alicia Tang | Feb 15, 2024 | Business, Featured
WASHINGTON – Economists promoted increased usage of the Fed’s discount window to insulate the economy from risks of financial crisis at a hearing on Thursday. The economists stressed the importance of destigmatizing discount window lending from the Fed before the...
by Charlotte Ehrlich | Feb 15, 2024 | Business, Featured
WASHINGTON – Officials from the construction, manufacturing and transportation industries outlined to lawmakers the challenges they are facing in implementing President Biden’s Build America, Buy America provisions enacted as part of the Infrastructure Investment and...
by Rafaela Jinich | Feb 15, 2024 | Business, Featured
WASHINGTON — Amid rising concerns over a surge in investment scam losses and the potential compromise of citizens’ privacy, the Committee on Financial Services convened on Wednesday to scrutinize the operations of the Financial Crimes Enforcement Network...
by Lindsey Byman | Feb 14, 2024 | Business, Featured
WASHINGTON – House Republicans on Wednesday attacked environmental regulations as “burdensome” for small businesses, saying they stifle innovation, even as some testified that the rules align community and business interests. The Environmental Protection Agency’s...
by Jonah Elkowitz | Feb 8, 2024 | Business, Featured, Topics
WASHINGTON – Senators voiced fierce opposition over the state of the U.S. economy on Thursday during a hearing to examine the results of the Treasury Department’s Financial Stability Oversight Council annual report, released in December. The report highlighted how...
by Clare Zhang | Feb 6, 2024 | Business, Featured
WASHINGTON — Lawmakers on Tuesday drew partisan battlelines after the Biden administration paused approvals for liquefied natural gas exports, arguing over what would best protect the environment, local communities and national security. Democrats at a House Energy...
by Aidan Johnstone | Feb 6, 2024 | Business, Featured
WASHINGTON – The Small Business Administration (SBA) is adjusting standards that determine which businesses can access government contracts and benefits designated for small businesses. These policy changes may alter small businesses’ competition and access to...
by Rafaela Jinich | Feb 1, 2024 | Business, Featured
WASHINGTON – Lawmakers on the Senate banking committee on Thursday sought answers on how to spot and shut down financial scams and fraud, especially as new platforms to send money proliferate. Committee Chair Sherrod Brown (D-Ohio) underscored the distressing surge in...
by Alicia Tang | Feb 1, 2024 | Business, Featured
WASHINGTON – The Federal Reserve on Wednesday left its key interest rate unchanged for the fourth consecutive meeting, with Chair Jerome Powell quashing hope of rate cuts in March. The unanimous vote by the 12-member, rate-setting Federal Open Market Committee called...
by Aidan Johnstone | Jan 31, 2024 | Business, Featured
WASHINGTON — Lawmakers slammed top executives of large tech companies on Wednesday for not doing enough to prevent online exploitation of children as protesters helped pack the audience sharing victims’ pictures and grim statistics of the problem. “There is blood on...
by Maria Heim | Jan 31, 2024 | Business, Featured
WASHINGTON – A recent deal between the National Football League and NBCUniversal’s Peacock to stream a wild-card game solely on that platform has prompted lawmakers to further examine the rise of sports streaming services. On Wednesday, the House Commerce...
by Aidan Johnstone | Jan 24, 2024 | Business, Featured
WASHINGTON – Intellectual property experts told Congress members on Tuesday that the Patent Eligibility Restoration Act (PERA) is essential to encourage more inventors to apply and get their patents approved, adding that the act would benefit American innovation...
