President Biden signed into law a sweeping bill to lower health care costs and address climate change on Tuesday, sealing a legislative victory more than a year in the making. The $740 billion bill was significantly slimmed down from the original $3.5 trillion package some envisioned last fall, but nevertheless represents an undeniable win for […]
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Topline While the Federal Reserve has made progress cooling the economy, there has still been “little convincing progress” in bringing down wage growth and high inflation, according to analysts at Goldman Sachs, who predict that it will remain difficult for the central bank to get surging prices under control without a recession. Though markets have […]
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President Biden will sign into law the sweeping climate, health care and tax legislation that has been Democrats’ priority for more than a year during a ceremony at the White House on Tuesday. The signing will represent a major milestone for Biden and his domestic economic agenda. The prospects of his climate proposal appeared […]
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The White House is firing back at a GOP report slamming the Biden administration’s withdrawal from Afghanistan by circulating its own memo arguing the decision strengthened national security and did not compromise the United States’ ability to extinguish terrorist threats. The White House memo, which dismisses the GOP report as “partisan” and “riddled” with inaccuracies, […]
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The FBI and the Department of Homeland Security (DHS) warned in a joint bulletin that there is an increase in threats to federal law enforcement officials following the FBI search at former President Trump’s Mar-a-Lago residence last week. In a bulletin dated Friday, the agencies advised that possible threats toward law enforcement are coming from […]
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The fastest-growing markets for U.S. LNG are all in Western Europe, in response to the Russian … [+] invasion of Ukraine. ustradenumbers.com The fastest-growing top 100 U.S. export from pre-pandemic 2019 is LN LN G and other natural gases, up almost 10 times as much in value as the overall average. This year, the fastest-growing […]
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Law enforcement is pushing back against largely Republican-led attacks on the FBI related to Monday’s search of former President Trump’s Mar-a-Lago estate after an Ohio man sought to breach the entrance to the bureau’s Cincinnati field office days later. Ricky Shiffer, 42, was shot and killed by officers on Thursday following an hours-long standoff after […]
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IS THE NEW CLIMATE BILL AS BIG A DEAL AS THEY SAY? Yes. IS IT BIG ENOUGH TO SAVE US? No, not by itself. DOES IT THROW ENVIRONMENTAL JUSTICE UNDER THE BUS? Yes, as usual, but Manchin might be in for a surprise. WILL REPUBLICANS KEEP GETTING A PASS ON CLIMATE? We’ll see between now […]
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Senator Raphael Warnock bumps elbows with Stacey Abrams during a campaign rally with U.S. … [+] President-elect Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images While Congress is getting ready to raise federal taxes by hundreds of billions of dollars as part of the Inflation Reduction Act (IRA), it hasn’t gone unnoticed that lawmakers […]
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To celebrate the passage of the CHIPS and Science Act of 2022 — which authorizes major funding increases for scientific research and provides about $52 billion for U.S. semiconductor research, development, and manufacturing — Sen. Elizabeth Warren paid a visit to MIT’s state-of-the-art facility for nanoscale science and engineering on Wednesday. She arrived at MIT.nano, […]
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The Centers for Disease Control and Prevention (CDC) on Thursday relaxed many of the guidelines for COVID-19 in communities, a major shift that emphasizes living with the virus rather than strict prevention of infection. The new guidance puts the onus on individuals to assess their own personal risk levels, rather than businesses, governments or schools. […]
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The Justice Department subpoenaed former President Trump months before federal law enforcement executed a search warrant of his Mar-a-Lago estate this week, The New York Times reported Thursday. According to the Times, investigators had been concerned about classified national security information that might have remained at Trump’s Florida property, even in the months after the […]
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Treasury Secretary Janet Yellen directed IRS officials not to use new funding secured for the agency in Democrats’ Inflation Reduction Act to increase audits on households making under $400,000 annually. In a Wednesday letter to IRS Commissioner Charles Rettig, Yellen reaffirmed a commitment “that audit rates will not rise relative to recent years for households making under […]
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The mother of American journalist and former Marine Austin Tice said that President Biden’s recent remarks on her son’s detainment abroad show that the president is “ready to engage with Syria” on bringing her son back home. During an appearance on CNN’s “New Day,” host John Berman asked Tice’s mother, Debra Tice, about her reaction […]
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Topline With the stock market rising significantly from its low point nearly two months ago, tech stocks appear to be back in vogue after being shunned by investors during the widespread selloff earlier this year, once again leading the market higher as investors snap up shares. Tech stocks have made a comeback in recent months, […]
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President L. Rafael Reif and Vice President for Research Maria Zuber were among those on hand Tuesday when President Biden signed the “CHIPS and Science” bill into law in an upbeat ceremony on the South Lawn of the White House. The act provides $52 billion in federal funding to advance the U.S. semiconductor industry […]
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The Biden administration on Tuesday announced a new strategy to stretch the limited available doses of the Jynneos monkeypox vaccine by changing how the vaccine is injected. The new method would split up the doses and use one-fifth as much vaccine per shot. The partial dose of the vaccine would be injected into the upper […]
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Topline Several Wall Street experts are warning that despite moving higher in recent weeks, the stock market still has further to fall—with recent gains likely to be nothing more than a “bear market rally,” as investor concerns about Fed rate hikes and slowing economic growth continue to weigh on markets. Recent optimism about a market […]
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Former Vice President Mike Pence on Tuesday said the FBI’s raid of former President Trump’s Mar-a-Lago residence undermined public confidence in the justice system and called for a “full accounting” from Attorney General Merrick Garland. “I share the deep concern of millions of Americans over the unprecedented search of the personal residence of President Trump,” […]
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Today the Abdul Latif Jameel Water and Food Systems Lab (J-WAFS) at MIT announced a new research project, supported by Community Jameel, to tackle one of the most urgent crises facing the planet: food insecurity. Approximately 276 million people worldwide are severely food insecure, and more than half a million face famine conditions. To better […]
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Not everyone who qualifies for health insurance signs up for it. Consider Medicaid, the national health insurance plan for low-income people. Across the U.S., about 14 percent of eligible adults and 7 percent of eligible children are not enrolled in Medicaid. As it happens, when adults do enroll in Medicaid, some of them sign up […]
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The Abdul Latif Jameel Poverty Action Lab (J-PAL) at MIT has announced a significant expansion of its efforts to forge evidence-to-policy partnerships with innovative-minded governments seeking to use rigorous research to inform their social policies and programs. These partnerships will support governments in laying the groundwork to take evidence-informed policies and programs to scale, aiming […]
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Retired Gen. David Petraeus says that “significant mistakes” were made during the U.S.’s 20-year deployment in Afghanistan as the one-year anniversary of the U.S. troops’ withdrawal from the country nears. In an op-ed published by The Atlantic on Monday, Petraeus wrote that the outcome of the U.S.’s withdrawal from Afghanistan is “devastating” for the country, […]
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One of two Republicans on the Federal Trade Commission (FTC), Noah Phillips, told FTC staff Monday he will be leaving the agency. Phillips, who was appointed by former President Trump, sent President Biden a letter Monday morning notifying him of his intent to resign, according to a copy of the email sent to FTC staff. […]
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President Biden on Monday said he’s “not worried” about China’s aggressive response to Speaker Nancy Pelosi’s (D-Calif.) trip last week to Taiwan, adding that he doesn’t think things will escalate any further between the U.S. and Beijing. “I’m not worried, but I’m concerned that they’re moving as much as they are. But I don’t think […]
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Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, chose not to resign after growing increasingly disillusioned with then-President Trump in 2020, according to an upcoming book, instead vowing to “fight from the inside” against what he perceived as an erratic and dangerous commander in chief. The revelations were revealed in an excerpt […]
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U.S. Commerce Secretary Gina Raimondo listens to President Biden at a virtual meeting on the Chips … [+] Act, July 25, 2022. Jemal Countess/UPI/Bloomberg The U.S. faces a trade paradox. One one hand, we need a public conversation about trade. We need to understand how to shape a consensus that allows for forward movement. But […]
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Thursday, Florida Governor Ron DeSantis purged Tampa’s elected prosecutor, Andrew Warren. Warren had pledged not to prosecute people who seek and provide abortions. Warren had not actually had any such cases before him. DeSantis is, of course, vying for the Republican nomination for President in 2024. DeSantis has been taking shrill steps – Warren called […]
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After almost two years of uncertainty and the ever-looming threat of losing the congressional majority without passing any major climate legislation, Democratic senators are finally ready to support a bill that offers incentives for crucial climate technologies. Senators Chuck Schumer (D-NY) and Joe Manchin (D-WV) announced July 27 their intention to introduce the Inflation Reduction Act […]
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California Gov. Gavin Newsom (Photo by Justin Sullivan/Getty Images) Getty Images California Governor Gavin Newsom (D) made national news for his recent TV ad campaign encouraging Floridians to move to California based on his claim that the Golden State is a bastion of freedom. Newsom’s Florida ads have since been the subject of mockery and […]
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Topline Shares of electric vehicle maker Tesla rallied in after-hours trading Thursday as the company won shareholder approval for a 3:1 stock split, the second such move in around two years, as the world’s most valuable automaker looks to make its stock more affordable. Tesla’s stock has risen over 30% since announcing the proposed stock […]
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