Tag Archives: administration

On Wednesday, the Biden administration said it will set aside $450 million from the Bipartisan Infrastructure Law this year towards accomplishing one goal: unclogging U.S. ports. Individual ports, which operate as independent businesses, will soon be able to apply for money from the government to pay for a wide range of projects — from expanding terminals to constructing new piers to creating rail yards for moving goods. “At a foundational level, all of the projects to be chosen must… Source link

Inflation has become one of the top economic issues in the U.S., and the Biden administration is acting accordingly with various policy actions. U.S. consumer prices rose 0.5% in December and 7.0% on a year-over-year basis, according to the Bureau of Labor Statistics. It’s the fastest rate since 1982.  Two of the biggest drivers of price spikes over 2021 have been in food and energy which is likely the reason the White House has focused on both of those sectors both for inflation as well as… Source link

The Biden administration lifting a COVID-19 related travel ban on international visitors on Monday is already proving to be a tailwind for hotelier Hyatt. “This is a momentous day. Reopening the borders for vaccinated travelers is a really great step to take forward and re-engage. The day the Nov. 8 date was announced, we saw an instant surge in bookings. By the way, this week was up 50% overnight in terms of bookings. It just demonstrates what we have seen in virtually every segment of our… Source link

On Thursday, senior Biden administration officials announced details of a highly anticipated mandate requiring U.S. employers with 100 or more workers to ensure employees are either fully vaccinated for COVID-19 or tested each week for the virus. The officials also unveiled details of a separate mandate that will require employers participating in Medicare or Medicaid to have a fully vaccinated workforce, with no testing alternative. The first rule covers 84 million U.S. workers, or two-thirds… Source link

The U.S. Department of Education (ED) scrapped another Trump-era policy on student loans, enabling state governments to resume oversight of loan servicers on behalf of borrowers within their borders. In March 2018, the ED under former Education Secretary Betsy Devos posted a legal interpretation on the Federal Register — a publication kept by the federal government about proposed rules and public notices — that effectively blocked state governments and attorneys general from taking… Source link

Advocacy groups are calling on the Education Department (ED) to forgive $8 billion in student debt held by nearly 518,000 borrowers who are totally and permanently disabled. The groups sent a letter to Education Secretary Miguel Cardona on Friday morning, stating that the department’s existing regulations “unnecessarily prevent qualifying borrowers from accessing and maintaining loan cancellation.” ED confirmed to Yahoo Finance that the agency received the letter and did not provide additional… Source link

The New York Times After Years of Quiet, Israeli-Palestinian Conflict Exploded. Why Now? JERUSALEM — Twenty-seven days before the first rocket was fired from Gaza this week, a squad of Israeli police officers entered the Al-Aqsa Mosque in Jerusalem, brushed the Palestinian attendants aside and strode across its vast limestone courtyard. Then they cut the cables to the loudspeakers that broadcast prayers to the faithful from four medieval minarets. It was the night of April 13, the first day… Source link

President Joe Biden hasn’t hidden his desire to raise taxes on corporations and the wealthy to fund a $2.3 trillion infrastructure package and new social safety net programs.  The administration has consistently floated lifting the corporate tax rate to 28% from its current rate, a Trump-era low of 21%. More recently, Biden said he is targeting an increase in the capital gains tax on the wealthiest Americans to 43.4%, including a surtax. The existing capital gains tax stands at a top rate of… Source link

The Biden administration is keen on rebuilding America’s infrastructure, including a multi-billion-dollar infrastructure project that the Trump administration blocked. Secretary of Transportation Pete Buttigieg recently told the House Transportation and Infrastructure Committee that the administration would be prioritizing the Gateway Program, a project to upgrade the Northeast Corridor rail lines between New York and New Jersey. “This is a regional issue, but one of national significance… Source link

(Reuters) – Fourteen U.S. states including Louisiana and Wyoming filed lawsuits on Wednesday against President Joe Biden’s administration, challenging his pause on new oil and gas leasing on federal lands and waters. The legal actions, which seek to restore regular federal drilling auctions, came a day before the administration is set to launch a review of the oil and gas leasing program. Biden, a Democrat, in January signed an executive order putting on hold new leasing pending that review…. Source link