by Julian Andreone | Dec 5, 2023 | Business, Featured
WASHINGTON — The Supreme Court heard oral arguments Monday in a case drawing widespread interest and close attention due to its involvement of the infamous Sackler family, who launched the painkiller OxyContin in 1996 and bear significant responsibility for fueling an...
by Julian Andreone | Nov 30, 2023 | Business, Featured
WASHINGTON — Senators discussed the Consumer Financial Protection Bureau’s role in preventing recessions by regulating banks and financial institutions and debated whether the agency is operating within its jurisdiction in a Senate Committee on Banking, Housing, and...
by Pavan Acharya | Nov 16, 2023 | Business, Featured
WASHINGTON — Veterans’ advocates on Wednesday expressed wide support for a recently introduced piece of legislation that aims to reduce fees for military veterans starting small businesses. At a Wednesday Senate Small Business and Entrepreneurship Committee hearing,...
by Matthew Vega | Nov 15, 2023 | Business, Featured
WASHINGTON — Members of the Biden administration on Tuesday outlined the successes of the Bipartisan Infrastructure Law, legislation that allocates $1.2 trillion toward transportation, energy, and climate projects over the next several years. The legislation, enacted...
by Casey He | Nov 14, 2023 | Business, Featured, Topics
WASHINGTON – Legislators from both sides of the aisle told Assistant Attorney General Jonathan Kanter on Tuesday that they have concerns over the Department of Justice’s draft merger guidelines. “We need to make sure that no intended consequences are actually created,...
by Rachel Schlueter | Nov 13, 2023 | Business, Featured, Politics
WASHINGTON – Democratic senators urged Congress at a Senate Finance Committee hearing on Thursday to provide more funding to the Internal Revenue Service so that greater scrutiny can be applied to ultra-wealthy Americans who exploit tax loopholes. Last week,...
by Matthew Vega | Nov 8, 2023 | Business, Featured
WASHINGTON — Small business owners and legal experts told lawmakers on Wednesday that new regulations by the Department of Energy have drastically increased their costs for doing business, which in turn have piled on expenses for consumers and forced homebuyers out of...
by Julian Andreone | Nov 8, 2023 | Business, Featured
WASHINGTON — Senators condemned the loopholes some of the wealthiest Americans have used to avoid and evade paying taxes and sparred over the best ways to maximize IRS effectiveness during a Budget Committee hearing on Wednesday. Democrats on the committee argued that...
by Casey He | Nov 7, 2023 | Business, Featured
WASHINGTON – Testimony from a Meta whistleblower on the company’s reluctance to act on online safety and privacy led to a rare bipartisan push for legislation to protect children’s online safety and privacy Tuesday. “Meta knows the harm kids experience on their...
by Elleiana Green and Shravya Pant | Nov 7, 2023 | Business, Featured
WASHINGTON — A Meta whistleblower sounded the alarm to Congress on Instagram’s product design, alleging that the popular social media platform knowingly designed products at the expense of teens’ mental health and safety in testimony on Tuesday. Senators on both sides...
by Cate Bikales | Oct 31, 2023 | Business, Featured
WASHINGTON — Despite high consumer prices and rising interest rates, the U.S. economy surged this summer, driven largely by consumer spending. Gross Domestic Product (GDP) rose at a 4.9% inflation-adjusted annual rate in the July-through-September period, up from 2.1%...
by Matthew Vega | Oct 31, 2023 | Business, Featured
WASHINGTON — Lawmakers heard concerns from experts, workers, and business owners on Tuesday about Artificial Intelligence and its future use in the workplace. Appearing before the Senate Committee on Health, Education, Labor and Pensions, the panel of witnesses...
