WASHINGTON (AP) — President Joe Biden believes "serious scrutiny" is warranted for the planned acquisition of U.S. Steel by Japan's Nippon Steel, the White House said last week after days of silence on a transaction that has drawn alarm from the steelworkers union. Lael Brainard, the director of the National Economic Council, indicated the deal [...]
WASHINGTON (AP) — The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers last week, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fueled power. The U.S. credit is the most generous in the [...]
BOSTON — Growing up in a Boston suburb in the 1960s, Charlie Baker learned his first political lesson — the art of listening to competing viewpoints — around the dinner table as his Democratic mother and Republican father hashed out the topics of the day. There was a reason he was given two ears and [...]
DETROIT (AP) — America's automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years, spurred by buyers determined to reduce carbon emissions and save on fuel. So far, however, while EV sales are growing, their pace is falling well short of the industry's ambitious timetable for transitioning [...]
WASHINGTON (AP) — Amid grueling negotiations, the contours of a bipartisan border security and immigration deal are beginning to take shape, emerging even as Congress left town having failed to publicly unveil any details of the package that's central to unlocking stalled aid for Ukraine. Talks between the White House and key senators have not [...]
WASHINGTON (AP) — The U.S. Supreme Court will hear arguments in February on whether the Environmental Protection Agency can continue enforcing its anti-air-pollution "good neighbor" rule in 10 states, an effort to restrict smokestack emissions from power plants and other industrial sources that burden downwind areas with smog-causing pollution. The high court last week put [...]
LAS VEGAS (AP) — Legalized sports betting continued its expansion this year but has yet to be enacted in the nation’s two biggest states. Six states either passed legislation to legalize sports wagering or allowed sportsbooks to begin accepting bets. Another state, Florida, relaunched sports betting after a two-year legal battle ended when the U.S. [...]
WASHINGTON — The Justice Department filed its first predatory mortgage lending case last week against a Texas developer accused of luring tens of thousands of Hispanic homebuyers into "bait and switch" sales through platforms such as TikTok. The lawsuit focuses on a massive development northeast of Houston, Colony Ridge, that promises homeownership with advertisements in [...]
WASHINGTON — Oil companies offered $382 million for drilling rights in the Gulf of Mexico last week after courts rejected the Biden administration's plans to scale back the sale to protect an endangered whale species. The auction was the last of several offshore oil and gas lease sales mandated under the 2022 climate law. It [...]