Baby formula crisis: Dem lawmaker questions Abbott on how it spent savings from GOP tax cuts
Democratic Sen. Ron Wyden, D-Ore., is questioning Abbott Laboratories' business practices after the shutdown of one of the company's plants exacerbated the baby formula shortage in the U.S.
Pelosi says 'indictment' might be needed over baby formula shortage
House Speaker Nancy Pelosi said Tuesday that "there might be need for indictment" over the ongoing baby formula shortage in the U.S.
FDA moving to allow baby formulas intended for other countries to be used in US
U.S. Food and Drug Administration chief Robert Califf said Monday that his agency is working to allow baby formulas intended for sale in other countries to be sold in the U.S. to help boost supply amid domestic shortages.
US steel industry prepares to deliver on Biden’s domestic steel mandate
Across the country, steel production is expected to increase due to a new federal mandate that prioritizes U.S. steel over foreign alternatives. Starting May 14, all federally funded infrastructure is required to use U.S.-made steel and iron.
COVID-19 relief fraud led to billions in taxpayer-funded Paycheck Protection Program loans lost
Officials say upwards of $100 billion was stolen in fraud schemes via pandemic relief packages, pushing the government to make major changes to security of the PPP loan program.
Jim Jordan questions FTC chief over ex-employer's call for agency to block Musk's Twitter acquisition
Rep. Jim Jordan sent a letter to FTC Chair Lina Khan on Wednesday, questioning whether she has taken action on her former employer's calls for her agency to block Elon Musk's pending purchase of Twitter.
Sen. James Lankford unveils his latest edition of government waste watch: 'Federal Fumbles'
Sen. James Lankford, R-Okla., on Monday released his latest wasteful spending report, dubbed "Federal Fumbles: Ways the federal government dropped the ball."
YouTuber Trevor Jacob purposely crashed plane, FAA says
The FAA is demanding that Jacob immediately surrender his piloting certificate and any other certificates he holds following the incident in November, which had been posted to his YouTube channel.
With skyrocketing inflation, NRF urges Visa, Mastercard to cancel swipe fee increases on merchants
The National Retail Federation, the nation's largest retail trade group, is calling on Visa and Mastercard to cancel swipe fee increases as consumers battle skyrocketing inflation.
US Postal Service to slow down nearly a third of first-class package deliveries
According to the Postal Service, 32% of first-class packages will see their delivery service standard increase by one or two days. Meanwhile, 64% of first-class package service volume will be unaffected and 4% will be updated from a three-day to two-day service standard.
Tax Day 2022: IRS website experiences major slowdown
The Internal Revenue Service's website experienced problems on Monday, the tax filing deadline, leaving many taxpayers frustrated.
IRS wraps tax season with same old problems
The IRS will try to process over 133 million tax returns filed by individuals and businesses this year while also facing a backlog of returns.
Hawaii city approves ban on short-term vacation rentals outside resort areas
The Honolulu City Council voted Wednesday to approve a bill that would ban any short-term vacation rentals outside of resort areas.
Canada bans foreign home buyers for two years to cool market
Canadian Prime Minister Justin Trudeau announced a two-year ban on foreign investors buying homes in Canada.
Glenn Greenwald says Edward Snowden is the 'happiest person' he's 'ever met' at bitcoin conference
Journalist Glenn Greenwald said Thursday that Edward Snowden is the “happiest person” he's “ever met” at the Bitcoin 2022 conference during a panel that linked bitcoin to libertarian and third-party ideals.
Behind on filing your tax return? Make this key move
Many of us pledge to tackle our taxes early every year, only to land in a scenario where instead, we're running up against the deadline and aren't ready with our returns.
Amazon subject of congressional investigation over warehouse collapse
Six people died in an Illinois Amazon warehouse after tornadoes ripped through the area in December.
TSA implementing new gender-neutral screening process at checkpoints
The Transportation Security Administration (TSA) is creating new screening standards for transgender, nonbinary and gender-nonconforming airline passengers at checkpoints.
FTC lawsuit accuses Intuit of deceiving customers with 'free' TurboTax ad campaign
The Federal Trade Commission on Tuesday announced it has sued Intuit in an effort to halt its advertising of "free" tax filing services through TurboTax, calling the campaign "deceptive."
SEC to float mandatory disclosure of climate-change risks, emissions
U.S. regulators are set to propose stringent requirements for publicly traded companies to report information on greenhouse-gas emissions and risks related to climate change, in one of the Biden administration’s most significant environmental actions to date.