FTC files motion seeking for 'Pharma Bro' Martin Shkreli to be held in contempt
The Federal Trade Commission is seeking for a court to hold in contempt Martin Shkreli, accusing him of not cooperating with a probe related to his lifetime pharmaceutical industry ban.
US hits debt ceiling, threatening economic outlook
The debt ceiling is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public. Congress last voted in 2021 to lift the debt ceiling.
US debt ceiling forces Treasury into 'extraordinary measures'
The U.S. officially hit its debt ceiling of $31.38 trillion Thursday, which prompted the Treasury Department to use "extraordinary measures" to avoid defaulting on the national debt.
GOP lawmakers propose balanced budget amendment as US nears debt ceiling
Republican lawmakers are offering proposals to add a balanced budget amendment to the Constitution as the U.S. is poised to hit its debt ceiling Thursday.
FAA investigating runway incursion that led to near-miss between airliners in New York
The FAA and NTSB are investigating the runway incursion at New York's John F. Kennedy International Airport that led to a near collision between two airliners.
Biden’s pick to head FAA under fire along with administration
The Federal Aviation Administration is under pressure after several recent incidents affecting air travel and faces a confirmation battle for Biden's pick to lead the FAA.
Salary range disclosures backfire after government push
Some job postings that have surfaced amid California’s push for pay transparency feature broad compensation ranges. Its transparency law went into effect this month.
Budget cap battle brewing between GOP, Dems as debt limit looms
Democrats and Republicans in Congress are set to debate spending and the national debt as the federal government faces a looming deadline to raise the debt limit.
US debt ceiling will require Treasury 'extraordinary measures' to avoid default
With the U.S. on track to hit the debt ceiling limit next week, Treasury Secretary Janet Yellen warns 'extraordinary measures' will be taken to navigate the crisis.
LG recalls 52K free-standing TVs due to tip-over, entrapment hazards
LG Electronics issued a recall for 52,000 LG 86-inch smart televisions and stands that were sold nationwide and online are being due to "serious tip-over and entrapment hazards."
FAA system outage: What airlines are doing for passengers
Major U.S. carriers including United, Delta and Southwest Airlines, have promised to help passengers rebook for free if they were impacted by the FAA's system-wide outage.
Consumer watchdog 'not coming for anyone's gas stoves'
CPSC Commissioner Rich Trumka Jr. is seemingly walking back comments that a gas stove ban is on the table, saying that the agency isn't 'coming for anyone's gas stoves.'
Texas announces record budget surplus of nearly $33B: 'Unprecedented'
The Texas government announced that it brought in a $32.7 billion budget surplus, which is the largest in the state's history, setting up a debate over taxes and spending.
Florida Hurricane Ian survivors face deadline to apply for FEMA aid
Survivors of Hurricane Ian are running out of time to submit applications for Federal Emergency Management Agency disaster aid, with the deadline set for Jan. 12.
Feds question Tesla over Musk tweet on update to 'Full Self-Driving' system
A tweet from Tesla CEO Elon Musk prompted the National Highway Traffic Safety Administration to seek details from the electric vehicle giant in connection with a larger probe.
FDA approves Biogen, Eisai Alzheimer’s drug
An Alzheimer’s drug from Biogen and Eisai has received accelerated approval from the Food and Drug Administration, the companies and agency announced Friday.
Labor Department finds American Airlines retaliated against employees who reported toxic fumes on planes
The Department of Labor said that a whistleblower investigation found American Airlines retaliated against flight attendants who had reported worker illnesses from toxic fumes.
FTC proposes rule for nationwide ban on noncompete clauses for workers
The Federal Trade Commission is proposing a nationwide ban on noncompete clauses that restrict employees from working for rival firms or starting competing businesses.
Bed Bath & Beyond shares fall after SEC requests info
The share price of Bed Bath & Beyond reportedly dipped following the company revealing correspondence pertaining to its 2021 annual report that it had with the SEC.
House committee questions Biogen drug approval process
The FDA's approval process of Biogen's Alzheimer's drug was questioned in a Congressional report released Thursday.