Economy and Politics

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Here’s what’s in the bipartisan infrastructure bill that the House aims to pass — and how it’s paid for

As Democratic-run Washington works on getting the bipartisan infrastructure bill enacted, here are visual breakdowns for the long-awaited measure's spending categories, as well as its funding sources.

3:57 p.m. Sept. 20, 2021
McConnell: Republicans won't support legislation that includes raise for debt limit

Senate Minority Leader Mitch McConnell on Monday said Senate Republicans won't support legislation that raises the federal borrowing limit, reiterating his view that Democratic lawmakers should go it alone on that matter. The two top Democratic lawmakers, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, said earlier Monday that the House this week will pass legislation that will prevent a government shutdown and include a suspension of the debt limit through December 2022.

3:54 p.m. Sept. 20, 2021
Here’s how a government shutdown would disrupt Washington and beyond

Lawmakers are back in Washington, D.C., on Monday and have less than two weeks to head off a partial government shutdown. Here's what happens if they can't.

3:07 p.m. Sept. 20, 2021
America’s policy toward China is misdirected, because it would actually strengthen China and weaken the United States

China's industrial policy is a weakness, so why should the U.S. copy it or demand that Beijing abandon it?

3:06 p.m. Sept. 20, 2021
Biden launches effort to reduce homelessness

The Biden administration is launching an initiative called "House America" in an effort to reduce homelessness, White House press secretary Jen Psaki said on Monday. The initiative will "engage state and local leaders to set and achieve ambitious goals for reducing homelessness in America," she told reporters.

1:19 p.m. Sept. 20, 2021
U.S. to ease travel ban for vaccinated passengers from EU, U.K., reports say

U.S. to ease travel ban for vaccinated passengers from EU, U.K., reports say

10:36 a.m. Sept. 20, 2021
Censorship will never be able to stop the spread of viral misinformation on social media – here’s an idea that might work

Humans have always been easily misled, but what's new is how fast the lies can spread.

9:45 a.m. Sept. 20, 2021
With Fed officials split over outlook, Powell seeks to find compromise tapering plan

With Fed officials fractured over the outlook, Fed Chairman Jerome Powell faces the task of stitching together a compromise plan

8:59 a.m. Sept. 20, 2021
Fauci OK with FDA panel’s COVID booster decision, tries to clear up confusion

Dr. Anthony Fauci on Sunday said he was not disappointed by an FDA's panel's rejection last week of a plan to start giving widespread COVID-19 vaccine boosters, and tried to clear up some of the public's confusion over boosters.

7:50 a.m. Sept. 20, 2021
Manchin wants to ‘pause’ $3.5 trillion spending plan until 2022: report

Sen. Joe Manchin wants a "strategic pause" until 2022 on President Joe Biden's sweeping $3.5 trillion spending plan, according to a new report.

7:54 p.m. Sept. 19, 2021
Yellen urges Congress to act quickly on debt ceiling or risk ‘economic catastrophe’

In an op-ed column published by the Wall Street Journal, Treasury Secretary Janet Yellen noted that Congress has never defaulted, and must not now.

6:51 p.m. Sept. 19, 2021
Biden warns climate forum of ‘point of no return’ without bolder action, agrees to methane cuts

President Joe Biden on Friday urged all nations to act to slow climate change or risk getting dangerously close to "a point of no return," as pressure to replace pledges with action rises ahead of the highly anticipated November global climate-change conference in Glasgow.

3:41 p.m. Sept. 18, 2021
Republican senators are blocking desperately needed pandemic relief for the world’s poor

Allowing the IMF to issue $1.5 trillion in special drawing rights would save countless lives and wouldn't cost U.S. taxpayers a dime

3:18 p.m. Sept. 18, 2021
These 10 states owe late interest on their federal jobless-benefit loans

Ten states will owe the feds a collective $45 billion after exhausting their state insurance trust funds and failing to pay back their loans in time

12:41 p.m. Sept. 18, 2021
‘Real risk’ for banks that Democrats use new reporting rule to fund SALT relief, analyst says

Could a new regulation affecting banks help Democratic lawmakers deliver a 'SALT fix' for higher-cost states?

12:22 p.m. Sept. 18, 2021
Debt-limit standoff persists: Analysts see 20% risk of default, as White House warns of potential pain for states, localities

Congress still hasn't raised the federal borrowing limit to prevent a U.S. default, even as the Treasury Department cautions that "cash and extraordinary measures" are most likely to run out next month.

10:24 a.m. Sept. 18, 2021
How to safely break the housing and stock markets’ addiction to quantitative easing and the speculation it’s fueling

Central banks' QE was supposed to boost the real economy, but the money it creates is going instead into financial speculation

9:45 a.m. Sept. 18, 2021
Tax the rich? Democrats’ plans let billionaires off the hook

The proposal would put tax progressivity roughly back where it was before the 2017 tax cuts.

8:43 a.m. Sept. 18, 2021
The U.S. economy shows immunity against delta after early scare

Americans are worried about the fast-spreading delta strain of the coronavirus, but not enough to stop them from spending money and keeping an economic recovery alive.

8:30 a.m. Sept. 18, 2021
Oil industry avoids pain in House Democrats’ tax plan, but tobacco, vaping get hit

Democratic lawmakers' $3.5 trillion spending plan still faces a long road to becoming reality, but analysts are flagging some winners and losers in one key House committee's proposals for funding the huge package.

4:09 p.m. Sept. 17, 2021

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