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Biden administration issues targeted new eviction moratorium

The previous eviction moratorium expired on Saturday, sparking outcries from liberal politicians and consumer advocates.

6:34 p.m. Today
Biden tells governors opposing masks to ‘get out of the way’

The president's remarks come a day after the U.S. reaches the milestone of having 70% of American adults receive at least one dose of a vaccine --- and as the Biden administration marks donating more than 110 million vaccine doses to other nations.

5:29 p.m. Today
Biden calls for Cuomo to resign as New York governor

President Joe Biden on Tuesday said Democratic New York Gov. Andrew Cuomo should resign after the state attorney general's investigation found Cuomo sexually harassed multiple current and former state government employees. "I think he should resign," Biden told reporters. The president had said in March that Cuomo should resign if the investigation confirmed the claims against him.

4:49 p.m. Today
When will the labor force’s ‘missing millions’ return? A lot is riding on the answer

Millions of people missing from the U.S. labor force have been expected to go back to work later this year as the pandemic receded and schools reopened, but what if many of them don't?

3:30 p.m. Today
Winners in bipartisan infrastructure bill: nuclear power, internet providers, pharmacy benefits managers

Washington's bipartisan infrastructure bill still faces a long road to becoming law, but analysts see some clear winners and losers at the moment.

2:52 p.m. Today
Senate infrastructure bill leaves out Clean Electricity Standard and jobs-focused Climate Corps sought by Biden

The $1 trillion bipartisan infrastructure package unveiled by the Senate includes more than $150 billion to boost clean energy and promote “climate resilience” but leaves out a Clean Electricity Standard that President Joe Biden had promoted.

2:22 p.m. Today
SEC Chair Gensler says crypto ‘rife with fraud, scams and abuses,’ threatens national security

Securities and Exchange Commission Chairman Gary Gensler warned that new regulations are needed on cryptocurrencies and digital assets in order to protect U.S. national security, during an appearance at the virtual Aspen Security Forum on Tuesday.

2:16 p.m. Today
Pentagon on lockdown after gunshots fired near metro station: AP

The Pentagon is on lockdown Tuesday morning after multiple gunshots were fired near a platform by the building's metro station, the Associated Press reported. A Pentagon announcement said the facility is on lockdown due to "police activity," the AP said.

11:09 a.m. Today
Why Biden’s economic policies are more like Trump’s than Obama’s

Biden is governing as a neo-populist, continuing Trump's break with the neoliberal, trickle-down economics of Clinton, Bush and Obama.

11:05 a.m. Today
U.S. factory orders increase 1.5% in June even as firms struggle with shortages

U.S. factory orders rose 1.5% in June on stronger demand for airplanes, oil and other industrial goods, extending a recent hot streak in which demand has surged well above pre-pandemic levels.

10:27 a.m. Today
Vaccines and masks aren’t enough: How to end the COVID-19 pandemic

We need to stop underestimating the coronavirus and adopt a multilayered approach to prevention and treatment so we can eliminate COVID-19 as a life-threatening disease.

9:08 a.m. Today
The delta variant is more than twice as contagious as previous strains of the virus, CDC says, as health officials urge vaccinations

Federal health officials struck a serious tone on Monday, once again urging Americans to get vaccinated and calling on more employers to require COVID-19 vaccine mandates.

7:30 a.m. Today
What new crypto tax rules would mean for average investors and miners

Experts tell MarketWatch that the average crypto investor who uses a centralized exchange like Coinbase COIN or Kraken to buy and sell crypto assets should expect the IRS to know exactly how much money they made on those transactions, if the bill becomes law.

5:07 p.m. Aug. 2, 2021
Treasury taking extra measures to stave off default, Yellen tells Congress

Treasury Secretary Janet Yellen told congressional leaders on Monday her department has begun taking extra steps to avoid default after a suspension of the debt limit ended over the weekend. In a letter, Yellen once again urged Congress to act "as soon as possible" on the borrowing limit. The Congressional Budget Office has estimated the Treasury could run out of cash to pay bills in October or November absent a debt-limit increase. Senate Minority Leader Mitch McConnell has suggested no Republicans will vote to increase or suspend the borrowing limit, while the White House says President Joe Biden expects lawmakers to vote to raise it.

4:37 p.m. Aug. 2, 2021
Fed’s Waller suggests ‘early and fast’ tapering of bond purchases

Fed Gov Christopher Waller on Monday the central bank should consider starting to slow down asset purchases "early" and slowing the purchases at a fast pace to get it over.

4:32 p.m. Aug. 2, 2021
Sen. Lindsey Graham says he has breakthrough COVID infection

Republican Sen. Lindsey Graham of South Carolina said in a tweet on Monday that he had tested positive for COVID-19 even after being vaccinated. Graham said he has "mild" symptoms at the present time and will be quarantining for 10 days. "I am very glad I was vaccinated because without vaccination I am certain I would not feel as well as I do now," he added. There is growing worry about breakthrough infections in vaccinated people, even though such infections are rare.

3:28 p.m. Aug. 2, 2021
U.S. Treasury lowers borrowing estimates for third quarter

The U.S. Treasury said Monday it expects to borrow $673 billion in the June-August quarter, $148 billion less than previously estimated.

3:14 p.m. Aug. 2, 2021
Biden asked CDC for 30-day eviction ban, White House says

President Joe Biden on Sunday "raised the prospect" of a new, 30-day eviction moratorium focused on U.S. counties with high or substantial COVID-19 case rates, the White House said Monday. An eviction ban expired at midnight Saturday. The White House said that to date, Centers for Disease Control and Prevention Director Rochelle Walensky and her team haven't been able to find legal authority for a new, targeted eviction moratorium. Biden is now asking his policy and other teams to reexamine whether there are other authorities to take more actions to stop evictions, the White House said. The president is also calling on states to extend or put in place eviction moratoriums for at least the next two months.

3:11 p.m. Aug. 2, 2021
This year’s extreme heat is bad news for U.S. economic growth

Climate change takes a toll in four ways.

2:07 p.m. Aug. 2, 2021
AOC stresses progressive Democrats won’t back bipartisan infrastructure bill without $3.5 trillion package

As a $1 trillion bipartisan infrastructure bill looks poised to advance this week in the Senate, its road in the House appears bumpy.

1:03 p.m. Aug. 2, 2021

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