The government will shut down at 12:01 a.m. Wednesday if the Senate does not pass a House measure that would extend federal funding for seven weeks while lawmakers finish their work on annual spending bills.
The announcements are part of an effort to secure “Most Favored Nation” pricing deals with pharmaceutical manufacturers, an effort to link U.S. drug prices to the lowest cost of drugs paid by the wealthiest countries.
The video jolted the cannabis industry, sending stocks soaring and raising hopes that the president will take a permissive approach to marijuana.
Coal once provided more than half of U.S. electricity production, but its share dropped to about 15% in 2024, down from about 45% as recently as 2010.
Democratic senators introduced a bill Monday that would rewrite a 1961 law prohibiting college sports conferences from banding together to sell their media rights.
If Congress fails to approve a funding extension by the end of Tuesday, spending laws will expire and the U.S. government will become a bare-bones operation, continuing only functions necessary to protect life or public property.
Federal funds expire when the fiscal year ends Tuesday night, and Congress appears deadlocked over a stopgap measure that would keep agencies online for seven weeks while long-term negotiations continue.
IBJ spoke to Will Conway, a New York City-based veteran of multiple independent campaigns and movements, including that of Andrew Yang’s Forward Party.
Much is still unknown about the actual deal in the works, but President Trump said at a White House signing ceremony Thursday that Chinese leader Xi Jinping has agreed to move forward with it.
Trump said on Truth Social that the pharmaceutical tariffs would not apply to companies that are building manufacturing plants in the United States, which he defined as either “breaking ground” or being “under construction.”
Trump’s recently enacted tax law sweetened a break for corporate research and development investments, a provision especially valuable to technology, pharmaceutical and manufacturing businesses. But some businesses won’t be able to take full advantage of the break.
Performance-incentive mechanisms and forecasted multiyear rate plans differ in their focus, with the former looks at output—such as capacity or reliability—while the latter looks at input—such as capital, labor or materials.
A reduction in force would not only lay off employees but eliminate their positions, which would trigger yet another massive upheaval in a federal workforce that has already faced major rounds of cuts this year.
Gov. Mike Braun ordered the audit in April, citing unspecified concerns about transparency at the Indiana Economic Development Corp. and its related entities.
The move came hours after Gov. Mike Braun—whose administration last spring froze funding for the nonprofit—made an unscheduled appearance at Elevate’s Rally innovation conference.
The U.S. lowered tariffs on auto imports from the European Union to 15% retroactive to Aug. 1, cementing terms of the framework trade agreement the two sides struck almost two months ago.
After meeting for just over three cumulative hours this year, the interim courts committee came to a close Tuesday without making any recommendations on its assigned topic: medical debt.
Still, Trump administration officials have been pushing Indiana Republicans to call a special session focused on redistricting. Most notably, Vice President J.D. Vance traveled to Indianapolis to speak with Braun.
Gov. Mike Braun maintains that consolidating leadership will streamline state government and save taxpayer dollars. But when can one person legally hold two government offices at once?
A grim May revenue forecast prompted lawmakers to cut most agency appropriations by 5% in the latest budget—and authorized the State Budget Agency to withhold another 5%.
