Republicans block cap on patient insulin costs
GOP lawmakers had earlier tried to offer their own, more scaled-back version of an insulin price limit, but Democrats rejected it as too narrow.
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Credit card debt sees biggest increase in 20 years
Credit card debt surged in the United States from April through June as Americans borrowed billions of dollars to continue spending in the face of growing inflation, according to a Tuesday report from Federal Reserve Bank of New York.
Government workers feel inflation’s pinch as wages lag
Government workers—teachers, firefighters, sanitation workers, bus drivers, city government employees—who make up more than 15% of the U.S. workforce, have seen their wages lag significantly behind those employed by private industry over the past year.
Thousands of lives depend on a transplant network in need of ‘vast restructuring’
The system for getting donated kidneys, livers and hearts to desperately ill patients relies on out-of-date technology, according to a confidential government review obtained by The Washington Post.
Manchin wins big nods to oil in deal ending logjam on climate
The breakthrough spending deal reached by Sens. Joe Manchin and Chuck Schumer would commit a historic $370 billion to combat climate change, but it comes at a cost that some green activists are finding impossible to accept.
Manchin says he has reached deal with Democrats on economy, climate bill
The deal aims to lower health-care costs, combat climate change and reduce the federal deficit, marking a massive potential breakthrough for President Joe Biden’s long-stalled economic agenda.
Facebook reports first-ever decline in revenue, hinting at darkening economy
Facebook executives warned that marketers are pulling back spending in part because of an uncertain economic environment, which has some experts warning a recession could be on the horizon.
Doctor in 10-year-old rape victim’s abortion faces Indiana AG probe
Indiana Attorney General Todd Rokita sent a notice to the legal team for Caitlin Bernard on Tuesday advising it that the doctor is under investigation for how she had reported the procedure to state officials.
Hobie Billingsley, celebrated IU diving coach, dies at 95
Hobie Billingsley built the Indiana University diving team into a powerhouse, molded a legion of Olympic divers and trained a generation of instructors. Sports Illustrated once declared Billingsley “far and away the best collegiate coach in the country.”
As Pence considers 2024 run, he seeks distance from Trump
Advisers and allies say they think former Vice President Mike Pence is likely to run for president, and insist he will not base his decision on whether Trump chooses to run again.
Facebook forsakes friends and family to compete with TikTok
Facebook announced Thursday that it’s overhauling the design of its flagship social network by elevating content from creators over posts from friends and family in an effort to fend off intensifying competition for users’ attention.
Biden tests positive for COVID, has mild symptoms, White House says
President Joe Biden, 79, has begun taking Pfizer’s Paxlovid treatment for the disease, Press Secretary Karine Jean-Pierre said, and will isolate at the White House while continuing his duties.
Toys R Us trying another comeback with shops in every Macy’s
Toys R Us and its mascot Geoffrey the Giraffe are trying to make another brick-and-mortar comeback ahead of the holiday season, after the brand filed for bankruptcy and closed all of its 800 U.S. stores four years ago.
Definition of broadband internet might be in for change
Back in 2015, when FCC Chairman Tom Wheeler affirmed the current broadband standard, some internet access advocates already thought those speeds felt out of date. Those concerns are even more palpable in 2022, now that the glut of content to stream has grown even bigger
Rampage in Indiana mall a rare instance of armed civilian ending a mass shooting
Sunday’s violent episode at Greenwood Park Mall did not end like the majority of mass shootings in this country, with the assailant’s arrest, suicide or death at the hands of police officers.
More workers picking up extra jobs to pay for gas, food
While people taking on multiple jobs is typically a sign of a healthy job market where workers have more job opportunities available, it is also a sign of increasing financial strain on Americans’ pocketbooks.
In hybrid schedules, Fridays in the office are increasingly lonely
The last day of the workweek, once synonymous with long lunches and early departures, has become the most common day to skip the office altogether.
Analysis: Recession risks rise as Fed faces daunting task
The latest inflation reading was supposed to offer hope that the U.S. economy had weathered the worst of the storm. But there was nothing reassuring in Wednesday’s report.
Summer travel is boosting airlines’ bottom lines as ticket prices rise
Strong demand for travel is giving U.S. airlines a financial boost as the industry battles through reduced flight schedules, higher fuel and labor costs, and concerns about the effects inflation could have on consumer spending, airlines officials said this week.
Hope for depositors dwindles as crypto lender Celsius files for bankruptcy
For several years, Celsius was a crypto golden child under co-founder Alex Mashinsky, offering more than 20 percent yields under what he and other executives said was a disruptive plan that avoided the fees and greed of traditional banks.