Category Archives: Economy
Biden team moves swiftly to tackle pipeline political peril
The Biden administration swung aggressively into action after a primary gasoline pipeline fell prey to a cyberattack — understanding that the situation posed a possible series of political and economic risks.
Dems reach new fundraising deal, with boost for GOP states
ATLANTA (AP) — National and state Democratic officials have reached a joint fundraising deal to increase aid to state parties, with an extra boost for those in Republican-dominated states.
US files first trade complaint with Mexico under USMCA
MEXICO CITY (AP) — The United States filed its first labor complaint with Mexico Wednesday under the U.S.-Mexico-Canada trade agreement, after an old-guard union was caught allegedly destroying ballots at a General Motors plant in northern Mexico.
Kerry: US weighs sanctions on China solar over forced labor
The Biden administration is considering sanctions over China’s alleged use of forced labor in production of solar panels and other components in renewable energy, climate envoy John Kerry told lawmakers Wednesday.
GOP’s Faulconer pitches tax cut plan for California
DOWNEY, Calif. (AP) — Hoping to grab a share of the spotlight in California's expected recall election, Republican candidate for governor Kevin Faulconer on Wednesday proposed ending the state income tax for individuals making up to $50,000 and househo...
Suit challenges restaurant aid priority to women, minorities
NASHVILLE, Tenn. (AP) — A conservative legal outfit filed a lawsuit Wednesday against President Joe Biden's administration for its prioritization of restaurants and bars owned by women and certain minorities in its COVID-19 relief package, arguing whit...
US budget deficit hits record $1.9 trillion so far this year
WASHINGTON (AP) — The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year, bloated by the billions of dollars being spent in coronavirus relief packages.
Blinken stresses US resolve in call with Russian diplomat
WASHINGTON (AP) — Secretary of State Antony Blinken told his Russian counterpart on Wednesday that the Biden administration will not waver in responding to aggression from Moscow in the United States or elsewhere.
Law to police doping in horse races not in play ’til 2022
For five years, a bill that would place the U.S. Anti-Doping Agency in charge of fighting illicit drug use in horse racing went nowhere in Congress. In 2020, it finally passed — but that milestone came too late to resolve
Judge rejects plea deal for darknet child porn purveyor
COLLEGE PARK, Md. (AP) — A federal judge rejected a plea agreement on Wednesday that called for 15 to 21 years in prison for a man authorities described as the world’s largest purveyor of child pornography.
