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‘Raise revenue or cut benefits’: Budget Committee members debate future sources of Medicare funding

‘Raise revenue or cut benefits’: Budget Committee members debate future sources of Medicare funding

by Kristen Axtman | Sep 27, 2023 | Business, Featured

WASHINGTON – Sen. Sheldon Whitehouse (D-R.I.), chairman of the Senate Budget Committee, advocated for a bill he introduced in April that would fund Medicare for decades to come, according to an estimate released last week from the Centers for Medicare and Medicaid...
Yellen assures lawmakers that banking system is ‘sound’ while pledging collaboration with Congress on budget

Yellen assures lawmakers that banking system is ‘sound’ while pledging collaboration with Congress on budget

by Ishmael Bonsu | Mar 16, 2023 | Business, Featured

WASHINGTON – Treasury Secretary Janet Yellen on Thursday offered reassurances to lawmakers and the American public, pledging that the “banking system remains sound” as concerns over the stability of the U.S. financial system continue to mount. The recent decision to...
Sanders presses ahead with labor rights at hearing after showdown with Starbucks CEO

Sanders presses ahead with labor rights at hearing after showdown with Starbucks CEO

by Ishmael Bonsu | Mar 8, 2023 | Business, Featured, Topics

WASHINGTON –  Sen. Bernie Sanders (I-Vt.) kept up the pressure on attacking corporate interference to unionization on Wednesday, a day after he secured the voluntary cooperation of Starbucks CEO Howard Schultz to testify before a Senate committee. Sanders, chair of...
House passes bill to impose new rules on executive orders to reduce inflation

House passes bill to impose new rules on executive orders to reduce inflation

by Shannon Tyler | Mar 1, 2023 | Business, Featured

WASHINGTON — The Republican-led House garnered bipartisan support for a measure aimed at putting checks on presidential power by passing the REINS Act in a 272-148 vote on Wednesday. The measure, which stands for Regulations from the Executive in Need of Scrutiny,...
Supreme Court questions social media’s role in preventing terrorism

Supreme Court questions social media’s role in preventing terrorism

by Jacob Wendler | Feb 22, 2023 | Business, Featured

WASHINGTON –– The U.S. Supreme Court stopped short of blaming Twitter for the use of its platform for terrorist activity on Wednesday, in the second of two cases against social media companies the court heard this week. The latest case, Twitter v. Taamneh, stems from...
Supreme Court hears arguments on whether to weaken tech companies’ legal protections

Supreme Court hears arguments on whether to weaken tech companies’ legal protections

by Davis Giangiulio | Feb 21, 2023 | Business, Featured

WASHINGTON — Amid increased scrutiny of the actions of big tech, the U.S. Supreme Court heard oral arguments in the first of two cases on Tuesday that could alter how the law protects internet companies.  The case, Gonzalez v. Google LLC, involves the family of an...
Biden highlights economic achievements in speech, reiterates debt limit stance

Biden highlights economic achievements in speech, reiterates debt limit stance

by Davis Giangiulio | Feb 7, 2023 | Business, Featured

WASHINGTON — Boosted by a strong jobs report last week and declining inflation, President Joe Biden in his second State of the Union Address touted his economic plan which he says is working. Despite suffering a difficult  first two years in office with the highest...
Debt-limit standoff: Here are the Washington players you need to know about

Debt-limit standoff: Here are the Washington players you need to know about

by Davis Giangiulio | Jan 26, 2023 | Business, Featured

WASHINGTON — The debate over raising the U.S. debt limit is poised to be one of the hottest fights to hit Washington this year, and will feature a cast of characters both widely and lesser known to investors and everyday Americans. President Joe Biden and House...
Sanders Pushes for “Transformational Change” on National and Local Level at U.S. Mayors Conference

Sanders Pushes for “Transformational Change” on National and Local Level at U.S. Mayors Conference

by Davis Giangiulio | Jan 19, 2023 | Business, Featured

WASHINGTON — Sen. Bernie Sanders (I-VT) took his national message local on Thursday as he addressed Mayors at a panel on innovation and workforce development at the United States Conference of Mayors. Sanders, a former mayor himself of Burlington, Vermont, spoke...
Legislators, experts, and public call for deeper examination of FAA outage

Legislators, experts, and public call for deeper examination of FAA outage

by Stephanie Markowitz | Jan 12, 2023 | Business, Featured

WASHINGTON – Airports and airlines are attempting to recoup their losses and quell public exasperation a day after the Federal Aviation Administration (FAA) had to issue a 90-minute nationwide ground stop to air travel, scrambling schedules and grounding thousands of...
Amid global energy crisis, advocates press need to ramp up oil, gas production

Amid global energy crisis, advocates press need to ramp up oil, gas production

by Zachary Miller | Mar 10, 2022 | Business, Featured, Topics

WASHINGTON, March 10 (UPI) — U.S. senators, at a hearing of the Senate Committee on Energy and Natural Resources, expressed bipartisan interest Thursday in ramping up domestic oil and gas production to combat soaring energy prices. The push is a boon to large...
Biden To Sign Executive Order Outlining Path Toward Crypto Governing Principles

Biden To Sign Executive Order Outlining Path Toward Crypto Governing Principles

by Zachary Miller | Mar 9, 2022 | Business, Featured

WASHINGTON — President Biden is expected to sign an executive order Wednesday outlining a nationwide governing approach for cryptocurrency. The measure suggests potential for clarity in a murky financial market that was designed to be difficult to regulate, but which...
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