Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…
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Iran Seizes Second Oil Tanker Bound for U.S.
U.S. Navy reports the second incident in a week. The United States Navy reported that a second oil tanker was seized in the Strait of Hormuz by the…
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China Building EV Battery Plant in Michigan
U.S. congressman expresses concerns as protests occur. The state of Michigan’s appropriations panel recently passed an incentive for Gotion, Inc. to build an electric vehicle battery plant in…
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Senate Bill Seeks to Lower Prescription Costs
Greater transparency from pharmaceutical manufacturers is also required under the legislation. A bipartisan bill was introduced in the Senate Tuesday that would “expand the availability of low-cost generic…
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House Bill Introduced to Ban “Latinx” in Public Documents
The term was used four times in official White House press releases. Representative María Elvira Salazar of Florida introduced a bill to the House to ban the use…
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Treasury Approves Funding for California High-Speed Internet
Part of Capital Projects Fund of American Rescue Plan. The Department of the Treasury has approved $540.2 million for the installation of high-speed internet throughout California. The state…
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Trade Representative Seeks to Strengthen Asian Economic Cooperation
She met with partners and peers in Tokyo and Manila. Trade Representative Katherine Tai spoke at the Foreign Correspondents Club of Japan last week, highlighting her goals of…
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Supreme Court Hears Arguments in Religious Accommodations Case
Labor experts closely watching the outcome. The Supreme Court heard the first set of arguments in Groff v. DeJoy this week, exploring the extent to which religious accommodations…
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SEC Head Testifies Before House Financial Services Committee
Congressional chairman questions climate and cryptocurrency decisions. Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), testified before the House Financial Services Committee this week, his…
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$300 Million Approved for Nine Bridge Projects
The funding through the Transportation Department will rehabilitate small- and mid-sized bridges in eight states. The Department of Transportation (DOT) awarded $300 million total to nine small- and…
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