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Business

What’s behind all the drama in Congress?

WASHINGTON (AP) — The drama and deadlines driving action on Capitol Hill right now can be disorienting. Democrats are trying to pass more than $4 trillion in infrastructure and social programs at the center of President Joe Biden’s agenda — and at the same time avert a government ...

Biden presses fellow Dems: Resolve party split on $3.5T plan

WASHINGTON (AP) — With a personal push, President Joe Biden pressed fellow Democrats to hasten work on his big “build back better” agenda, telling them to come up with a final framework and their best topline budget figure as the party labors to bridge its divisions in Congress ahead of ...

Inflation forces homebuilders to take it slow, raise prices

LOS ANGELES (AP) — Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders. Rising costs and shortages of building materials and labor are rippling across the homebuilding ...

BP, Exxon warn of supply issues in UK due to driver shortage

LONDON (AP) — The British government sought to ease concerns Thursday of a fuel crisis after oil giants BP and ExxonMobil-owned Esso warned they had to ration supplies and close some gas stations as a result of a truck driver shortage. BP said it was reducing gasoline and diesel deliveries ...

Fed: On track to slow support for economy later this year

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Wednesday that the Fed plans to announce as early as November that it will start withdrawing the extraordinary support it unleashed after the coronavirus paralyzed the economy 18 months ago. Powell said that if the job market ...

U.S. sues to stop deal between American Airlines and JetBlue

The Justice Department and officials in six states have filed a lawsuit to block a partnership formed by American Airlines and JetBlue, claiming that it will reduce competition and lead to higher fares. The Justice Department said Tuesday that the agreement will eliminate important competition ...