The White House Curator’s Office oversees the art and decorative objects housed at the White House. A U.S. News article on Thursday about some Norman Rockwell art incorrectly said the White House Historical Association, which funds and maintains the collection, oversees it. Also, the historical association deferred comment to the White House press office.
The longtime Colorado vacation home of Sen. Dianne Feinstein and her late husband, Richard C. Blum, has sold for $25.25 million, according to property records. Located just outside downtown Aspen, the estate hit the market asking $29.9 million in July, following Mr. Blum’s death in February 2022. Known as Bear Paw Ranch, the roughly 36-acre property was sold by a family trust whose beneficiaries are Mr. Blum’s three daughters from a previous marriage.
Issued by the Treasury Department Friday, the criteria aim to make the U.S. less reliant on batteries and critical minerals shipped from China.
The Biden administration cleared the way Friday for California's plan to phase out a wide range of diesel-powered trucks, part of the state's efforts to drastically cut planet-warming emissions and improve air quality in heavy-traffic areas like ports along the coast. The decision by the U.S. Environmental Protection Agency allows California — which has some of the nation's worst air pollution — to require truck manufacturers to sell an increasing number of zero-emission trucks over the next couple of decades. The rule applies to a wide range of trucks including box trucks, semitrailers and even large passenger pick-ups.
The controversy over the proposals has divided the country, sparked concern from key allies such as the U.S. Here’s what you need to know.
The changes would apply to banks with $100 billion to $250 billion in assets, a group where the Federal Reserve is already rethinking its rules after two banks collapsed.
The Treasury Department on Friday finally issued guidance on the battery production and minerals sourcing requirements for federal EV tax credits for consumers, though the rules may create more chaos than clarity.
(Bloomberg) -- Venezuela’s opposition leader Leopoldo López said that a void in the group’s leadership, following the ousting of Juan Guaidó as its recognized president, has made it “impossible” to pay for legal representation to defend the dozens of billion-dollar lawsuits that the nation faces in the US.Most Read from BloombergVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingTrump Weighs Bid to Shift NY Criminal Case to Staten IslandParents Are Paying Consultants $750,000 to Get
Speaking with Yahoo Finance on Friday, Rohit Chopra, head of the CFPB, became the latest official to signal a willingness to explore raising the deposit insurance limit above the $250,000 currently guaranteed for U.S. depositors.
WASHINGTON (Reuters) -Rural small businesses and farmers will be eligible to apply for $1 billion in grants to invest in clean energy beginning Saturday, the U.S. Department of Agriculture and the White House announced on Friday. The money, funded by the Inflation Reduction Act (IRA), will be distributed through the USDA's Rural Energy for America Program (REAP) and is meant to further the Biden administration's efforts to cut climate-harming emissions across the American economy. "Through this administration we are taking an approach that tries to expand the affordability of clean energy to folks living in every zip code," White House National Climate Advisor Ali Zaidi said on a call with reporters.
Fights over increasing the nation’s borrowing authority have been contentious in Congress, yet follow a familiar pattern: Time and again, lawmakers found a way to step back from the brink before markets began to panic and the nation risked a dangerous default on its debt. Led by Speaker Kevin McCarthy, they have ruled out passing a “clean” debt ceiling increase even as the White House insists such legislation be passed without conditions. The political conditions are comparable to 2011, when a new Republican majority swept into power after a resounding election win and was determined to confront a Democratic White House and extract major spending cuts in return for a debt limit increase.
The federal government filed a lawsuit against railroad Norfolk Southern over environmental damage caused by a train derailment on the Ohio-Pennsylvania border that spilled hazardous chemicals into nearby creeks and rivers. The U.S. Department of Justice said it's seeking to hold the company accountable for “unlawfully polluting the nation’s waterways and to ensure it pays the full cost of the environmental cleanup,” in the lawsuit filed Thursday. The derailment in early February led to the evacuation of half of the 5,000 residents of East Palestine when responders intentionally burned toxic chemicals in some of the derailed cars to prevent an uncontrolled explosion.
Social Security and Medicare funds face long-term financial crunches that could mean some benefits get cut sooner, according to annual government reports.
California will require more than half of all heavy trucks sold in the state to be electric by 2035. It received approval from the Biden administration today, allowing the rule to take effect.
One of the most important changes Americans experienced with the onset of the Affordable Care Act (ACA) was that a large suite of preventive services and treatments—from contraceptives to heart monitoring to mammograms—had to be covered in full by insurance policies. But a new ruling could change that.
Eligibility for key tax credits could be reduced or lost altogether for a number of electric vehicles in the coming month. Come April 18, EVs will be subject to new rules proposed Friday by the Treasury.
(Bloomberg) -- The International Monetary Fund’s board signed off on a $15.6 billion aid package for Ukraine, the final approval for the institution’s first-ever loan to a nation at war.Most Read from BloombergVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingTrump Weighs Bid to Shift NY Criminal Case to Staten IslandParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsGlobal Food Supply Risks Rise as Key Traders Leave RussiaPutin Signs New Russia Foreign Poli
Recently, Sen. Ted Cruz (R-Texas) introduced a bill aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC. The effort by the Texas senator adds to a similar state-level measure proposed earlier this month by Florida Gov. Ron DeSantis. CoinDesk Senior Research Analyst George Kaloudis breaks down how U.S. political parties might align on crypto.
Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year, and many will get only half that, under rules proposed Friday by the U.S. Treasury Department. The rules, required under last year's Inflation Reduction Act, are likely to slow consumer acceptance of electric vehicles and could delay President Joe Biden's ambitious goal that half of new passenger vehicles sold in the U.S. run on electricity by 2030. The new rules take effect April 18 and are aimed at reducing U.S. dependence on China and other countries for battery supply chains for electric vehicles.
As America ages, retirees on Social Security face steep automatic cuts starting in 2033 while the trust fund for Medicare’s hospital coverage is on pace to be exhausted by 2031, according to annual reports by the programs’ trustees released on Friday. Social Security’s old age and survivors insurance trust fund is now projected to run out one year sooner than projected as of last year, with ongoing income sufficient to pay only 77% of benefits in 10 years’ time. If the programs’ retirement and d
A bipartisan group of U.S. lawmakers reintroduced a bill to allow news organizations to join together to negotiate ad rates with tech giants such as Alphabet Inc's Google. One of the biggest of the companies placing online ads for advertisers is Google. News organizations have complained for years they are not sufficiently compensated for readers that their content attracts.
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