- Yahoo Finance
Labor Secretary: Vaccine requirement will help people feel safe at work, boost labor force participation
Secretary of Labor Marty Walsh says the Biden administration's new vaccine requirements will help boost the labor force participation rate.
- Yahoo Finance
Here's what's in the $1.75 trillion framework Biden is pitching to Congress
The White House announced a $1.75T spending plan on Thursday morning that administration officials say they should gain the support of every Democratic senator and pass the House.
- Yahoo Finance
'Failure is just not an option' for Democrats' spending plan, PIMCO's head of public policy says
PIMCO's Head of Public Policy, Libby Cantrill, says 'failure is just not an option' for Democrats' spending plans, but says package will be much smaller than President Biden originally hoped.
- Yahoo Finance
GOP senator rejects Jamie Dimon's call to end debt limit
Experts have warned about the 'catastrophic' consequences of a U.S. default, leading some to suggest taking the threat off the table and out of lawmakers' hands by eliminating the debt ceiling. Sen. Mike Braun (R., Ind.) rejects those calls.
- Yahoo Finance
Labor Secretary: 'There's no playbook on how to come out of a pandemic'
U.S. Labor Secretary Marty Walsh told Yahoo Finance there's "no question" the Delta variant had an impact on the disappointing August jobs report.
- Yahoo Finance
Treasury: 97% of small-business owners won't face income tax increase under Biden tax plan
The Treasury Department said on Thursday its new analysis shows 97% of small business owners will not see an income tax increase under President Biden's tax plan.
- Yahoo Finance
Labor secretary: U.S. economy is at a 'fragile' point
After the July jobs report showed the biggest employment increase in almost a year, the Biden administration is urging Americans to get vaccinated to stave off health and economic threats posed by the Delta variant.
- Yahoo Finance
Crypto rules in infrastructure bill show Washington's 'misunderstanding' of digital assets: Senator
A bipartisan trio of senators is trying to change a cryptocurrency provision in the infrastructure bill that the industry warns will have a 'devastating' impact on the space. As it stands, the infrastructure bill aims to raise revenue by cracking down on cryptocurrency tax reporting.
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Bipartisan infrastructure plan: 'If this is a take it or leave it...I'm going to leave it,’ Rep. DeFazio says
Rep. Peter DeFazio (D., Oreg.) — the Chair of the House Transportation and Infrastructure Committee — blasted the Senate's bipartisan infrastructure framework.
- Yahoo Finance
Space tourism tax: Congressman announces new plan after Blue Origin launch
Shortly after Jeff Bezos — the world's richest man — completed his first spaceflight, Rep. Earl Blumenauer (D., Oreg.) announced he's working on a plan for a new tax targeting space tourism.
- Yahoo Finance
Weed in America: Federal government 'disconnected from reality,' Wyden says
Sen. Ron Wyden of Oregon argues the federal government is "disconnected from reality" when it comes to legal marijuana.
- Yahoo Finance
Senators unveil plan to end federal prohibition of cannabis
Senate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana.
- Yahoo Finance
Biden signs executive order aimed at promoting competition across the economy
Biden signed an executive order on Friday aimed at promoting competition across the U.S. economy — including measures that target big tech companies, aim to lower prices for consumers and call for greater scrutiny of mergers across several industries.
- Yahoo Finance
Labor Secretary: Fall school openings should boost jobs comeback
U.S. Labor Secretary Mary Walsh says the better-than-expected June jobs report shows the Biden administration's economic plan is working — but there is still work to do.
- Yahoo Finance
Congressman urges Biden administration to close vaping flavor ban 'loopholes'
The acting FDA commissioner is set to testify before lawmakers about youth vaping.
- Yahoo Finance
CEO optimism nears all-time highs: survey
CEO optimism is nearing all-time highs, according to Business Roundtable’s quarterly CEO economic outlook survey released on Tuesday.
- Yahoo Finance
Lawmakers divided over climate change proposals in infrastructure package
Progressives are warning against an infrastructure plan without climate change provisions, while Republicans argue the package should focus on physical infrastructure.
- Yahoo Finance
Biden aims to rally allies' support in first foreign trip
President Joe Biden is heading to Europe for the first international trip of his presidency. Throughout the trip he'll meet with world leaders in an effort to shore up alliances and build support among allies to counter emerging threats with a united front.
- Yahoo Finance
'Hollowed out': White House releases findings of critical supply chain reviews
The Biden administration released the findings of its 100-day reviews of critical supply chains — detailing vulnerabilities and making recommendations to strengthen manufacturing.
- Yahoo Finance
GOP senator: We've got to get 'back to the basics' on infrastructure
Defining 'infrastructure' is a major challenge in negotiations for a bipartisan infrastructure deal, in addition to the debate over how to pay for it.