House OKs debt ceiling bill, sends Biden-McCarthy deal to Senate
The hard-fought deal to avoid a default crisis pleased few, but lawmakers assessed it was better than the alternative—a major economic upheaval if Congress failed to act.
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Fed likely to skip interest-rate hike in June, officials signal
Leading Federal Reserve officials are sending out stronger signals that they will forego an increase at the central bank’s next meeting, though they indicate hikes could resume later this year.
Mike Pence to launch campaign for president in Iowa next week
The former Indiana governor’s campaign is expected to lean heavily on town halls and retail stops aimed at showcasing his personality as he tries to emerge from former President Donald Trump’s shadow.
CEO pay hikes at S&P 500 companies slowed in 2022
Pay disparity between chief executives and rank-and-file workers, which has been widening for years, narrowed only slightly.
U.S. job openings rise unexpectedly to highest mark since January
The resilience of the American labor market continues to complicate the Federal Reserve’s efforts to fight inflation.
Debt ceiling package heading toward crucial U.S. House vote
President Joe Biden and Speaker Kevin McCarthy are assembling a coalition of centrist Democrats and Republicans to push the package to passage over fierce blowback from conservatives and some progressive dissent.
As Supreme Court considers affirmative action, colleges see few other ways
As the Supreme Court decides the fate of affirmative action, colleges nationwide are bracing for setbacks that could erase decades of progress on campus diversity.
U.S. consumer confidence declines for 4th time in 5 months
Consumer confidence fell in May as Americans became more pessimistic about the labor market, on top of elevated anxiety over inflation.
Newgarden earns record $3.6M for Indy win; Pedersen gets rookie of year honor
Indy’s total purse of $17,021,500 broke last year’s mark by more than $1 million.
Penske: IndyCar sure to investigate wheel that flew over stands from Indy 500 wreck
The owner of the Chevrolet that took the brunt of the damage from the flying wheel was treated with a chance to kiss the yard of bricks and got a ride home from the track’s president.
Ericsson left to rue IndyCar’s decision on white-checkered finish
It was the fourth-closest finish in Indy 500 history, and one that will no doubt be discussed for years to come.
Josef Newgarden gives Roger Penske his 19th win in dramatic Indianapolis 500
“Finally,” Newgarden said after pouring milk over his head. “I’m elated to get it to finally work out.”
Indy 500 arrives with clear favorites, plenty of off-the-radar spoilers
Looking for a surprise contender? Other drivers say Agustín Canapino, one of the most popular athletes in Argentina, who is making his Indy 500 debut.
Ganassi vs. McLaren headlines Indianapolis 500 title fight, some 300,000 fans expected
It has become the best rivalry in IndyCar, the one between Chip Ganassi himself and Zak Brown, the head of McLaren Racing.
Sato paces strong Ganassi contingent in final Indianapolis 500 practice
Sato turned a fast lap of 227.855 mph early in the session, and teammate Scott Dixon was right behind with pole sitter Alex Palou fourth on the speed chart.
Inflation measure closely tracked by Federal Reserve increased in April
Friday’s report from the government showed that despite rising prices, consumers remain willing to spend.
Biden, McCarthy narrow in on budget deal to lift debt ceiling
The Democratic president and Republican speaker hope to strike a budget compromise this weekend. Any deal would need to be a political compromise, with support from both Democrats and Republicans to pass the divided Congress.
Indiana doctor reprimanded for talking publicly about 10-year-old’s abortion
The state Medical Licensing Board rejected accusations from Indiana’s Republican attorney general that Dr. Caitlin Bernard violated state law by not reporting the child abuse to Indiana authorities.
Indianapolis 500 rally marked by brisk ticket sales, fewer empty seats
Actual ticket sales—and the number of existing permanent seats—remain one of the sports world’s greatest mysteries because those numbers are not publicly released. But IndyCar teams and drivers don’t need attendance figures to know how much has changed.
Debt ceiling talks teeter on brink, as lawmakers leave for weekend without deal
Lawmakers are tentatively not expected back at work until Tuesday, just two days from June 1, when Treasury Secretary Janet Yellen has said the U.S. could start running out of cash to pay its bills and face a federal default.