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...
by Casey He | Oct 31, 2023 | Business, Politics
WASHINGTON – The Supreme Court on Tuesday heard oral arguments in a case that could define how government officials can use social media. The case, O’Connor-Ratcliff v. Garnier, revolves around the question of whether public officials were acting in their official...
by Casey He | Oct 31, 2023 | Business, Featured
WASHINGTON – President Joe Biden signed a long-anticipated executive order on artificial intelligence Monday, marking the federal government’s most comprehensive effort to rein in the technology to date. “One thing is clear: to realize the promise of AI and avoid the...
by Kristen Axtman | Oct 25, 2023 | Business, Featured
WASHINGTON – A Senate panel on Wednesday sought to address a key issue affecting working parents: the lack of a federal paid leave program. Although no specific bill was debated during the Senate Finance Committee hearing, several Democratic lawmakers cited their...
by Casey He | Oct 24, 2023 | Business, Featured
WASHINGTON – Congress needs to act on immigration reform for high-skilled workers to fill jobs in the growing U.S. semiconductor industry, a Department of Commerce director and industry experts said on Tuesday. “We are imposing a self-inflicted wound on our country...
