by Casey He | Dec 8, 2023 | Business
WASHINGTON – When Commerce Secretary Gina Raimondo was in Beijing in August to discuss trade with economic officials, she and others in the tech industry were shocked by a new smartphone, unveiled by Chinese telecom giant Huawei. The phone was named the Mate 60 Pro,...
by Julian Andreone | Dec 6, 2023 | Business, Featured
WASHINGTON — Ordinarily, Chairman Sherrod Brown, D-Ohio, begins each hearing in the Senate Banking Committee with an opening statement on the matter at hand, but he was beaten to the punch on Wednesday by JPMorgan Chase CEO and billionaire establishment Democrat...
by Julian Andreone | Dec 6, 2023 | Business, Featured, Politics, Topics
WASHINGTON – Many of them have become household names: Rep. George Santos, Sen. Bob Menendez, former Rep. Charlie Rangel. The list goes on. Members of Congress facing allegations of engaging in brazen corruption often land in the center of very public scandals, then...
by Matthew Vega | Dec 5, 2023 | Business, Featured
WASHINGTON — A case that the Supreme Court heard last week has many in business, and government legal circles worried about how far the court will go in limiting a key enforcement mechanism that the Securities and Exchange Commission regularly uses to go after fraud....
by Julian Andreone | Dec 5, 2023 | Business, Featured, Politics
WASHINGTON — The Supreme Court has recently come under fire for a host of ethical issues revolving around gift disclosures, privately funded travel, forgiven loans and other financial conflicts of interest. But one such matter has flown under the radar: when former...
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...
