Home Depot says it doesn’t expect to boost prices because of tariffs
During the first quarter, Home Depot’s revenue climbed as customers spent slightly more on smaller home projects.
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Senate advances legislation to regulate stablecoins, a form of cryptocurrency
The bill would aim to create a federal framework to regulate the stablecoin industry, which is currently governed by a patchwork of existing federal and state laws.
Trump’s big bill teeters as House conservatives demand more changes
House Republicans narrowly advanced the sprawling package in a rare weekend vote late Sunday, but just barely, as GOP leaders promise more negotiations ahead.
Trump’s big bill advances in rare Sunday vote as House conservatives negotiate changes
Republicans advanced their massive tax cut and border security package out of a key House committee as deficit hawks who had blocked the measure two days earlier allowed it to move forward.
Biden diagnosed with ‘more aggressive’ form of prostate cancer
Biden was seen last week by doctors after urinary symptoms and a prostate nodule was found.
Conservatives block Trump’s big tax breaks and spending cuts bill in stunning setback
Hard-right lawmakers are insisting on steeper spending cuts to Medicaid and the Biden-era green energy tax breaks, among other changes, before they will give their support.
Digital grant program halted by Trump administration, state says
The federal Digital Equity Act provided $2.75 billion to ensure “that all people and communities have the skills, technology, and capacity needed to reap the full benefits of our digital economy.”
IBJ Podcast: Pete the Planner on student loan collections, recessions, stagflation (and holding our breath)
As the U.S. economy contracts, consumer confidence weakens and we await the impact of tariffs, millions of student loan holders must redirect their income to payments. Pete Dunn helps us get a footing in this economic limbo.
U.S. Sen. Todd Young partners on bipartisan bill to jumpstart domestic shipbuilding industry
Young, R-Indiana, and fellow Sen. Mark Kelly, D-Arizona, reintroduced legislation to jumpstart the country’s “rusted” shipbuilding industry and increase onshore ship production that has largely shifted to China.
Tech industry warns investment pledges hinge on research tax break
Major tech companies lobbying to salvage a tax deduction for research and development say they might pull back from high-profile pledges of new U.S. investments if Congress doesn’t fully reinstate the break.
White House overhaul of troubled air traffic control system will cost ‘lots of billions’
The plan calls for six new air traffic control centers, along with an array of technology and communications upgrades at all of the nation’s air traffic facilities over the next three or four years, said Transportation Secretary Sean Duffy.
Overhaul of US air traffic control system will revolutionize industry, Trump says
The House Transportation and Infrastructure Committee estimated last week that it might cost $12.5 billion to overhaul the air traffic control system.
States sue Trump administration for blocking funds for electric vehicle charging
The Trump administration’s effort to withdraw funding for electric vehicle chargers is part of a broader push to roll back environmental policies advanced under President Biden.
Energy Star, efficiency program that has steered consumer choice, targeted in cuts
An Environmental Protection Agency plan would end a decades-old program that gave consumers information on environmentally friendly refrigerators, dishwashers and other electronics.
Justice Department expands effort to break up Google with possible teardown of ad network
The government’s latest proposal was filed two-and-half weeks after a federal judge ruled that Google’s lucrative digital ad network has been improperly abusing its market power to stifle competition.
Trump signs executive order directing federal funding cuts to PBS, NPR
The broadcasters get roughly half a billion dollars in public money through the Corporation for Public Broadcasting, and have been preparing for the possibility of stiff cuts since Trump’s election.
Senate votes down resolution to block Trump’s global tariffs
The Democratic resolution forced a vote under a statute that allows them to try to terminate the national economic emergency Trump used to levy the tariffs.
Public Broadcasting sues Trump after attempted board firings
Since taking office for his second term, Trump has targeted National Public Radio and the Public Broadcasting Service, two broadcasters that receive a portion of their funding from the Corporation for Public Broadcasting, as appropriated by Congress.
EPA allowing sale of cheaper, higher-ethanol E15 gasoline this summer
The move pleases farmers and saves consumers a little money at the pump but is frustrating for environmentalists who believe ethanol-blended fuels harm the air and water.
Small retailers fear a lack of resources, time to ride out tariff results
Retailers across the Indianapolis area and across the country are bracing for the full impact of recent Trump administration tariffs, which they see as an immediate threat to their businesses.