Aug 16 Inflation is down, but the Inflation Reduction Act likely doesn't deserve the credit By Josh Boak, Paul Wiseman, Associated Press Price increases have indeed cooled over the past year, with the inflation rate dropping from 9 percent to 3.2 percent. But economists say little to none of the drop came from the law. Continue reading
Aug 15 The EPA is rejecting calls for tougher regulation of large livestock farms, promises more study By John Flesher, Associated Press The Environmental Protection Agency said Tuesday that it needs to further study the biggest U.S. animal operations, which hold thousands of hogs, chickens and cattle. Continue reading
Aug 15 Watch 5:57 Biden takes economic message on the road amid questions about his re-election campaign By Laura Barrón-López, Tess Conciatori The Biden administration is barnstorming the country this week to mark the one-year anniversary of their landmark Inflation Reduction Act. Recent indicators of a growing economy are key to President Biden's message as he heads into the 2024 election. Laura… Continue watching
Aug 14 UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case By Ken Sweet, Associated Press The Swiss bank agreed to pay a civil penalty over how it handled the sale of 40 mortgage-backed securities issued in 2006 and 2007. Continue reading
Aug 14 Argentina currency plunges after presidential candidate who admires Trump comes first in primary vote By Daniel Politi, Associated Press He has characterized sex education as a ploy to destroy the family, has said that he believes the sale of human organs should be legal, and it should be easier for Argentines to own handguns. Continue reading
Aug 10 Watch 5:51 News Wrap: U.S. inflation moved up in July, ending a year of monthly declines In our news wrap Thursday, U.S. inflation was higher in July ending a year of monthly declines, Walt Nauta pleaded not guilty on new charges in the Trump classified documents case, special counsel Jack Smith requested a Jan. 2 trial… Continue watching
Aug 10 FEC moves toward potentially regulating AI deepfakes in campaign ads By Ali Swenson, Associated Press The Federal Election Commission has begun a process to potentially regulate AI-generated deepfakes in political ads ahead of the 2024 election, a move advocates say would safeguard voters against a particularly insidious form of election disinformation. Continue reading
Aug 10 Watch 6:15 How Taylor Swift created an economic juggernaut with her Eras Tour By Stephanie Sy, Tess Conciatori Pop superstar Taylor Swift ended the first U.S. leg of her Eras Tour Wednesday night, leaving American fans waiting until next fall to see the concert that's turbocharging the economy and capturing the pop culture zeitgeist this summer. Stephanie Sy… Continue watching
Aug 10 Supreme Court temporarily blocks OxyContin maker bankruptcy deal that would protect Sackler family By Mark Sherman, Associated Press The justices on Thursday agreed to a Biden administration request to put the brakes on an agreement reached last year with state and local governments. Continue reading
Aug 10 Mississippi Supreme Court won't remove Favre from lawsuit over misspent welfare dollars By Emily Wagster Pettus, Associated Press The Mississippi Supreme Court says it will not remove NFL Hall of Famer Brett Favre as a defendant in a civil lawsuit that seeks to recover millions of dollars of misspent welfare money. Continue reading