Biden signs massive climate and health care legislation

WASHINGTON (AP) — President Joe Biden has signed Democrats’ landmark bill on climate change and health care signed into law on Tuesday, delivering what he called the ‘final piece’ of his streamlined national platform, as he aims to bolster his party’s standing with voters less than three months before mid-term elections. The legislation includes the … Read more

The Inflation Reduction Act may have little impact on inflation

WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden’s landmark Inflation Cut Act. Its title raises a tantalizing question: will the measure really tame the price spikes that have inflicted hardship on American households? Economic analysis of the proposal suggest … Read more

Congress approves Dems’ climate, health care bill, a Biden triumph

WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats flagship climate and health billoffering President Joe Biden a triumph back from the dead on coveted priorities that the party hopes will bolster their chances of retaining their House and Senate majorities in November’s election. The House used a 220-207 party line vote … Read more

5 things to know before the stock market opens on Friday August 12

Traders on the floor of the NYSE, August 11, 2022. Source: NYSE Here are the most important information investors need to start their trading day: 1. Markets are recovering US stock futures point to Friday morning rally, a day after the three major indexes posted mixed results. Thursday, the Dow ended slightly positive, while the … Read more

Manchin touts cut inflation bill, says ‘I’m not getting involved’ in upcoming election

Sen. Joe Manchin at the United States Capitol on Tuesday, June 14, 2022. Sen. Joe Manchin, DW.Va., and his team told Democratic leaders on Thursday that he was unwilling to support key climate provisions and taxes in a sweeping Biden bill, according to a Democrat briefed on the conversations. tom williams | Cq-roll Call, Inc. … Read more

Pelosi confirms Asia trip, but no mention of Taiwan

BEIJNG (AP) — Speaker of the U.S. House of Representatives Nancy Pelosi confirmed Sunday that she would visit four Asian countries this week, but made no mention of a possible stopover in Taiwan this has fueled tensions with Beijing, which claims island democracy as its own territory. Pelosi said in a statement that she is … Read more

President Biden tests positive for COVID again, will return to isolation

President Joe Biden has tested positive for COVID-19 again, just days after he recovered from his previous case of the virus, the White House doctor said in a statement on Saturday. He has no symptoms but will isolate himself again. In a tweet, the president said he was “still at work” but self-isolating “for the … Read more

A basement conversation and a virtual handshake led to a Manchin-Schumer deal

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and Democratic Senator Joe Manchin secreted themselves in a room in the basement of the Capitol. The two men had been battling for more than a year in long and fruitless rounds of start-and-stop negotiations over President Joe Biden’s grand America-rebuilding agenda. But the talks had stalled … Read more

5 things to know before the stock market opens on Friday July 29

A screen displays the Fed’s rate announcement as a trader reacts on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 27, 2022. Brendan Mcdermid | Reuters Here are the most important information investors need to start their trading day: 1. Review of a summer Friday 2. Amazon: In fact, … Read more

5 things to know before the stock market opens on Friday July 29

A screen displays the Fed’s rate announcement as a trader reacts on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 27, 2022. Brendan Mcdermid | Reuters Here are the most important information investors need to start their trading day: 1. Review of a summer Friday 2. Amazon: In fact, … Read more