FDA bans red dye No. 3 from foods
Food manufacturers will have until January 2027 to remove the dye from their products, while makers of ingested drugs have until January 2028 to do the same.
Federal Government
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Capital One sued by watchdog alleging bank cheated customers out of $2B
The Consumer Financial Protection Bureau said Capital One promoted 360 Savings as an account that provides one of nation’s highest interest rates, but froze its rate at a low level for at least several years, even as rates rose nationally.
Biden signs executive order aimed at growing AI infrastructure in U.S.
The order on artificial intelligence seeks to ensure the infrastructure needed for advanced AI operations, such as large-scale data centers and new clean power facilities, can be built quickly and at scale in the United States.
Justice Department accuses six major landlords of scheming to keep rents high
The complaint alleges the landlords participated in an unlawful scheme to decrease competition among landlords in apartment pricing, harming millions of American renters.
Federal consumer agency bans unpaid medical bills from credit reports
The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than 15 million Americans, according to the bureau.
IndyGo lands $150M federal grant for Blue Line construction
IndyGo estimates the 24-mile route, which is planned to run east-west through the center of Indianapolis, will be open for service in 2028.
Pentagon to blacklist China’s largest EV battery and tech firms
The Defense Department published a list of firms that it deems to be operating in the United States for, or on behalf of, the Chinese military or that contribute to China’s military buildup.
Higher Social Security payments coming for millions after Biden signs bill
The measure boosts Social Security payments for current and former public employees such as teachers, firefighters, police officers and in other public service jobs.
Companies signal court fight ahead after Biden blocks U.S. Steel sale
President Joe Biden’s decision to block Nippon Steel’s proposed purchase of U.S. Steel was a political act made in “clear violation of due process and the law,” the two companies said Friday
Surgeon general calls for label on alcohol to warn of cancer risk
Surgeon General Vivek Murthy said alcohol consumption is to blame for nearly one million preventable cancer cases in the U.S. over the last decade.
In blow to Democrats, federal appeals court strikes down net neutrality
The net neutrality issue revolves around how heavily federal regulators should control the companies that build and operate the internet. Democrats favor heavier oversight along the lines of how traditional telephone networks are regulated, while Republicans have argued for a lighter touch.
Japanese buyer sends Biden new U.S. Steel proposal in final bid for support
In its new proposal, Nippon Steel offered a 10-year guarantee that it would not reduce production capacity at U.S. Steel’s mills in Pennsylvania, Indiana, Alabama, Texas, California and Arkansas without approval by the Treasury-led review panel.
Small businesses brace themselves for potentially disruptive TikTok ban
A looming TikTok ban could affect the millions of small businesses that use the short-video social media app to help them grow their business.
Treasury says Chinese hackers remotely accessed workstations, documents in ‘major’ cyber incident
The revelation comes as U.S. officials are continuing to grapple with the fallout of a massive Chinese cyber-espionage campaign known as Salt Typhoon.
Jimmy Carter, 39th president and Nobel Peace Prize winner, dies at 100
Carter, a small-town peanut farmer, U.S. Navy veteran, and Georgia governor from 1971 to 1975, was the first president from the Deep South since 1837.
Musk, Trump at odds with some on right over H-1B visas
As Trump previews a hard-line immigration policy including militarized mass deportation of illegal immigrants, many in the tech industry are pushing him to expand legal immigration for high-skilled workers.
Fate of Trump’s Cabinet picks unclear as Republicans prepare to take power in Senate
Republicans are under more pressure than usual as Trump and his allies make clear that they will confront senators who don’t fall in line.
Biden vetoes Young-backed legislation to add 66 federal judgeships, including in Indiana
Biden said the bill would also have created new judgeships in states where senators have not filled existing judicial vacancies.
Solar energy group nabs $117M to help underserved communities, low-income residents
Residents could have solar panels installed on their rooftops. Or a renter could subscribe to community solar “micro-grids” that can reduce their bills.
Senate eyes vote before midnight on government funding after House approves bill to prevent shutdown
House Speaker Mike Johnson had insisted Congress would “meet our obligations” and not allow federal operations to shutter ahead of the Christmas holiday season.