Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed struggles to curb housing costs As the Federal Reserve is expected to keep rates higher for longer, a reprieve in shelter costs, which constitute a major portion of monthly expenditures for U.S. households, could still...
House Ways and Means Committee Chairman Jason Smith (R-Mo.) said Wednesday the committee will hold a hearing next week on antisemitism on college campuses amid the ongoing war between Israel and militant group Hamas. Smith announced in an interview with Fox News’s Martha MacCallum that the committee will hear from multiple witnesses in a Nov....
The Senate on Wednesday voted in favor of getting rid of the Biden administration’s exemption from "buy America" requirements for electric vehicle (EV) charger components. The vote was 50-48. Democratic Sen. Sherrod Brown (Ohio), Joe Manchin (W.Va.) and Jon Tester (Mont.), as well as Sen. Kyrsten Sinema (I-Ariz.) voted with more Republicans in favor of removing the...
More than 100 congressional staffers participated in a vigil in front of the Capitol building Wednesday, calling on members of Congress to support a cease-fire in the ongoing war between Hamas and Israel. “We are congressional staffers on Capitol Hill, and we are no longer comfortable staying silent. We were horrified by the brutal October...
Presented by PhRMA — A drug widely used off-label for weight loss has new approval from the FDA {beacon} Health Care Health Care The Big Story A new weight loss drug will soon hit the market The Food and Drug Administration (FDA) approved Eli Lilly’s type 2 diabetes drug for weight-loss management Wednesday, giving...
Another House GOP-backed funding plan is hitting snags this week as some in the party are raising concerns about an abortion-related provision. GOP leadership is hoping to pass the conference’s partisan plan laying out fiscal 2024 funding for the White House, the Treasury Department and other offices this week. But there is uncertainty around its chances of passage as some members take issue with a thorny policy rider. Rep....
An American drone was shot down off the coast of Yemen on Wednesday by the Iranian-backed Houthis, according to a U.S. Defense official. The U.S. official said the drone was an MQ-9 Reaper, a surveillance drone that can be armed with missiles. The drone costs around $32 million. The attack is the latest on U.S....
Former President Trump will now appear on the Minnesota ballot after the state Supreme Court dismissed a challenge arguing the former president should be disqualified from the primary ballot under the 14th Amendment. The Minnesota Supreme Court dismissed the case in an order Wednesday, saying neither the courts nor election officials in the state have the authority...
Former President Trump diminished the risks of his attacks on those involved in his federal election interference case, complaining he has been hit with a gag order based on “speculation” about what his followers might do. The comment came in Trump’s first brief as he appeals a gag order issued by Judge Tanya Chutkan that...
Kentucky Gov. Andy Beshear (D) was the clear star of what turned out to be a winning night on Tuesday for Democrats. Despite polls showing a close race in the leadup to Election Day, Beshear appears poised to win reelection against his Republican opponent, state Attorney General Daniel Cameron, by about 5 points in a...
Five Republican candidates will take the stage Wednesday night for the third GOP presidential debate in Miami, while front-runner former President Trump holds a rally also in South Florida. Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis are set to clash as they look to solidify their position as the main alternative to...
Last year, giant meat-packing companies brought a case to the Supreme Court challenging California’s right to prohibit the in-state sale of meat produced through cruel and unsafe practices. They argued that regulating the sale of goods (in California) on the basis of how they were produced (anywhere) is somehow “extraterritorial” legislation because it may have practical effects...
Rep. Jamie Raskin (D-Md.) fired back at GOP leaders of the House Oversight Committee on Wednesday over their subpoenas of Biden family members. The committee earlier on Wednesday issues subpoenas for President Biden's son, Hunter Biden, and the president's brother, James Biden. It also asked James Biden’s wife, Sarah Biden, as well as Hunter Biden’s wife, Melissa Cohen,...
Rep. Cori Bush (D-Mo.) slammed her colleagues who voted to censure Rep. Rashida Tlaib (D-Mich.) on Tuesday over her comments on the Israel-Hamas war that sparked criticism on both sides of the aisle. “Shame on every Member who voted to censure @RepRashida. 10,000 Palestinians have been killed, including 4,000 children, & your focus is on...
