U.S. sanctions target Iran’s drone production after attack on Israel
Treasury announces new sanctions on Tehran but seeks to contain broader conflict.
By Jeff SteinBiden wants to hike tariffs on Chinese steel as U.S. election looms
As November draws closer, President Biden is calling for tripling tariffs on Chinese steel and protections for the U.S. industry.
By David J. LynchU.S. to levy sanctions against Iran over attack on Israel
The administration faces challenges enacting new economic penalties that are not purely symbolic, experts say.
By Jeff SteinGovernors of six Southern states warn workers against joining UAW union
Governors of six Southern states — Tennessee, Alabama, Georgia, Mississippi, South Carolina and Texas — said factory employees would risk jobs by joining United Auto Workers.
By Jeanne WhalenNew report estimates U.S. fraud losses exceed $233 billion annually
The U.S. government may have lost $1.6 trillion as a result of fraud between 2018 and 2022, according to GAO.
By Tony RommTelecom fights price caps as U.S. spends billions on internet access
As Washington readies the largest burst of broadband funding in U.S. history, AT&T, Verizon and their allies are lobbying against lower prices for consumers.
By Tony RommUSPS got billions in financial aid, and now says it needs more
Two years after Congress wiped more than $100 billion off the U.S. Postal Service’s books, the mail service and its allies are quietly pressing for help again.
By Jacob BogageBaltimore bridge collapse could wipe out emergency federal highway fund
Maryland may jump ahead of states that have waited a decade for emergency highway funding as the government swoops in with aid after the Baltimore bridge collapse.
By Jacob BogageIRS Commissioner Werfel talks about Direct File, audits and IRS budget
The agency’s leader says it has identified the problems with its algorithm that have led to a racial disparity in audits of Black taxpayers.
By Michelle SingletaryFunding shortfall forces FCC to slash monthly broadband benefits in May
Some Americans could see federal subsidies for internet service cut in half, and others may not receive any benefit at all.
By Tony RommWhite House, Senate Democrats unveil bill to battle pandemic aid fraud
The measure, which delivers on an earlier request from President Biden, will probably face steep resistance from spending-wary Republicans on Capitol Hill.
By Tony RommGOP opposition to child tax credit bill could be softening in Senate
Republican opposition has bipartisan legislation hanging by a thread. But the bill’s prospects could be growing rosier with the tax-filing deadline nearing.
By Jacob BogageU.S. issues rule requiring at least two people on longest freight trains
The rail industry immediately objected to the new mandate.
By Ian Duncan and Tony RommMnuchin tried to force a sale of TikTok. Now he’s a possible bidder.
The former treasury secretary’s interest in buying the popular app from China-based ByteDance is raising ethical alarms as Congress considers a forced sale.
By Tony RommMaryland receives $60 million in initial Key Bridge federal relief funds
Maryland will have federal money in a matter of days to pay for the Key Bridge recovery and rebuilding mission, but longer-term funding could take months.
By Jacob Bogage and Danny NguyenDemocrats look for new ways to tax the super-rich
Americans have fought over how much to tax the highest earners for decades. But Biden’s budget includes some novel ideas for how to do it.
By Julie Zauzmer WeilBiden signs $1.2 trillion spending bill into law, averting government shutdown
The vote finally wrapped up months of wrangling over the 2024 fiscal year, which began in October.
By Jacob Bogage and Maegan VazquezBudget deal slashes U.S. funding for Palestinians’ U.N. lifeline
The federal spending package approved by Congress strips hundreds of millions of dollars from UNRWA, the U.N. agency that distributes most aid to Palestinians.
By Abigail HauslohnerHours before shutdown, Senate trying to pass $1.2 trillion spending bill
Congress is racing to prevent a federal government shutdown at midnight.
By Jacob BogageCongress races to pass $1.2 trillion in spending before shutdown deadline
House and Senate leaders unveiled new legislation that would fund the federal government for the next six months. But current funding is set to expire Saturday.
By Jacob Bogage