Treasury Secretary Janet Yellen on Thursday defended the Biden administration’s economic achievements over the president’s first year in office and said that she hopes to see inflation closer to 2% by the end of 2022. She highlighted robust gains in the U.S. labor market over the last 12 months, including the addition of over 6 million jobs and an unemployment …
The Senate Judiciary Committee voted 16-6 Thursday to advance a major tech competition bill, which some experts consider lawmakers’ best shot at making substantial reform into law. The American Innovation and Choice Online Act passed in a bipartisan manner, setting it on a path to potentially be adopted by the full Senate. All six no votes came from Republicans, though …
President Donald Trump in East Room of the White House in Washington. Leah Millis | Reuters The Supreme Court late Wednesday afternoon rejected a request by former President Donald Trump to block White House records from being sent to a House select committee investigating the January 6 Capitol riot. Trump had lost efforts in two lower federal courts to block …
The Federal Trade Commission won’t back down in the face of intimidation from better-resourced opponents, said Chair Lina Khan in an exclusive interview with CNBC Wednesday, her first on-camera sit-down. Khan said it takes “courage” to take on companies with immense power, especially in the face of the FTC’s own resource challenges that force it to narrow down its priorities …
Senator Ted Cruz (R-TX) ) speaks with reporters outside the Capitol building in Washington following a roll call vote in the Senate, U.S. April 19, 2021. Evelyn Hockstein | Reuters The Supreme Court on Wednesday will wade into a new campaign finance debate when it hears a challenge brought by Sen. Ted Cruz to a law limiting the amount of …
FTC Chair Lina Khan and DOJ Assistant Attorney General for Antitrust Jonathan Kanter. Reuters (L) | Getty Images (R) The Federal Trade Commission and Department of Justice Antitrust Division kicked off a process to rewrite merger guidelines for businesses on Tuesday, signaling a tougher stance toward large deals. The nation’s two federal antitrust enforcers announced they are seeking public comment …
A woman is getting a Covid-19 test at a drive through Covid-19 testing center as hundreds of cars and pedestrians line up to get Covid-19 test before Christmas holiday season in North Bergen of New Jersey, United States on December 22, 2021 as Omicron rises around the country. Tayfun Coskun | Anadolu Agency | Getty Images Following weeks of soaring …
New York State Attorney General Letitia James speaks during a “Defend Democracy” rally, taking place on the first anniversary of the January 6, 2021 attack on the U.S. Capitol, in Brooklyn, New York, U.S., January 6, 2022. Brendan McDermid | Reuters A coalition of attorneys general from nearly 50 states and territories appealed a judge’s dismissal of its antitrust case …
Governor Kathy Hochul holds a COVID-19 briefing at New York City governor’s office on 633 3rd Avenue. Lev Radin | LightRocket | Getty Images New York is finally starting to turn the corner on the latest wave of the coronavirus pandemic, Gov. Kathy Hochul said Friday. The Covid positivity rate and the seven-day case average, which exploded to staggering new …
A federal judge on Friday ordered notorious “Pharma Bro” Martin Shkreli banned for life from the pharmaceutical industry and also ruled that he must disgorge $64.6 million in profits he earned from hiking the price of the life-saving drug Daraprim by more than 5,000% overnight. The ruling in U.S. District Court in Manhattan came in response to a lawsuit alleging …
