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News Articles: Business

House Speaker Kevin McCarthy speaks to members of the media at the U.S. Capitol in Washington, D.C., on May 24, 2023. The House is set to vote on a debt deal on Wednesday.

Tagged as: 

  • Politics

CBO says debt ceiling deal would cut deficits by $1.5 trillion over the next decade

Congressional forecasters say the debt ceiling deal struck by President Biden and House Speaker Kevin McCarthy over the weekend would reduce deficits by about $1.5 trillion over the next decade.

May 31, 2023
|
By:
  • Scott Horsley
Sunglasses on a beach

Tagged as: 

  • News

Tourism industry leaders predict strong summer season

After taking some hits during the pandemic, Georgia tourism is poised for a record summer.

May 31, 2023
|
By:
  • Dave Williams
Purdue Pharma headquarters in Stamford, Connecticut.

Tagged as: 

  • Law

A landmark appeals court ruling clears way for Purdue Pharma-Sackler bankruptcy deal

The 2nd Circuit Court of Appeals in New York cleared the way for a controversial bankruptcy deal that grants immunity from opioid lawsuits to members of the Sackler family.

May 31, 2023
|
By:
  • Brian Mann
Student loan borrowers gather outside the Supreme Court building in February 2023. The court's ruling on President Biden's debt relief plan is expected in June or July.

Tagged as: 

  • Education

Is the debt deal changing student loan repayment? Here's what you need to know

If it passes, the proposed debt deal would set the date for federal student loan repayments to resume. The pause's end will affect some 43 million borrowers, but, in effect, it's not a big change.

May 31, 2023
|
By:
  • Emily Olson
The welcome screen for the OpenAI ChatGPT app is displayed on a laptop screen in February in London.

Tagged as: 

  • Technology

Leading experts warn of a risk of extinction from AI

The AI programs we are creating could outsmart us and lead to our collective demise, according to the tech industry's leading experts who say it's time to address the threats they pose.

May 30, 2023
|
By:
  • Vanessa Romo
Disgraced Theranos CEO Elizabeth Holmes is escorted by prison officials into a federal women's prison camp in Bryan, Texas.

Tagged as: 

  • Technology

Elizabeth Holmes has started her 11-year prison sentence. Here's what to know

The onetime Silicon Valley has surrendered herself to federal authorities at the Bryan, Texas, prison camp, an all-female facility about 100 miles outside of Houston.

May 30, 2023
|
By:
  • Bobby Allyn
Visitors stand before the Forsyth Park fountain, one of Savannah's most popular tourist hotspots.

Tagged as: 

  • Politics

‘We are a tourist city’: Savannah increases hotel/motel tax for first time in nearly three decades

The 2% increase creates a new pool of funding for tourism-related projects.

May 30, 2023
|
By:
  • Benjamin Payne
A passenger stands on scales at Auckland International Airport as part of a survey to generate average weights for people traveling on Air New Zealand flights.

Tagged as: 

  • World

This airline is weighing passengers before they board international flights

"For safety reasons we need to know the weight of all items onboard the aircraft," Air New Zealand says. Numbers from the scales won't be displayed and will remain anonymous, the airline says.

May 30, 2023
|
By:
  • Bill Chappell
Florida Gov. Ron DeSantis signed the sweeping anti-immigration bill, which is among the strictest in the country, on May 10. It will go into effect on July 1.

Tagged as: 

  • National

Why Florida's new immigration law is troubling businesses and workers alike

Gov. Ron DeSantis says the penalties for companies that violate new employment requirements will help the state prosper. But businesses and immigrant activists alike say it'll do more harm than good.

May 30, 2023
|
By:
  • Vanessa Romo
Texas state Attorney General Ken Paxton reads a statement at his office in Austin, Texas, Friday, May 26, 2023. An investigating committee says the Texas House of Representatives will vote Saturday on whether to impeach.

Tagged as: 

  • National

The Texas AG may be impeached by members of his own party. Here are the allegations

Saturday, the Texas House will vote on whether to impeach state Attorney General Ken Paxton who investigators say allegedly abused his office to help a campaign donor by committing bribery and more.

May 27, 2023
|
By:
  • Sergio Martínez-Beltrán | The Texas Newsroom and
  • Acacia Squires
President Biden talks to reporters as he departs the White House for the Memorial Day holiday weekend.

Tagged as: 

  • Politics

Biden says debt ceiling deal 'very close.' Here's why it remains elusive

The Treasury estimates the country could default on its loans early next month. But negotiators are still hashing out key provisions like whether to expand work requirements for federal assistance.

May 27, 2023
|
By:
  • Ximena Bustillo and
  • Franco Ordoñez
Adam Savage, host of <em>Tested, </em>and right to repair advocate, shows off the lathe he's fixing at his San Francisco workshop.

Tagged as: 

  • Climate

Fixit culture is on the rise, but repair legislation faces resistance

U.S. consumers are showing an increased interest in prolonging the life of the things they own, rather than throwing them out. But some products are easier to fix than others.

May 27, 2023
|
By:
  • Chloe Veltman
Treasury Secretary Janet Yellen listens during an open session of the Financial Stability Oversight Council meeting at the Department of the Treasury in Washington, D.C., on April 21, 2023. Yellen said on Friday Congress would need to raise the debt ceiling by June 5 or the country could run out of cash to pay its bills.

Tagged as: 

  • Economy

Yellen sets new deadline for Congress to raise the debt ceiling: June 5

Treasury Secretary Janet Yellen says unless lawmakers raise the debt ceiling by June 5, the government won't have enough money to pay all of its bills.

May 26, 2023
|
By:
  • Scott Horsley
U.S. Drug Enforcement Administration chief Anne Milgram speaks during a news conference in April. On Friday, the DEA announced it will strip one of the nation's largest drug distributors of its license to sell highly addictive painkillers after determining it failed to flag thousands of suspicious orders at the height of the opioid crisis.

Tagged as: 

  • National

DEA moves to revoke major drug distributor's license over opioid crisis failures

The agency says it will strip Morris & Dickson of its license to sell highly addictive painkillers after finding it failed to flag thousands of suspicious orders at the height of the opioid crisis.

May 26, 2023
|
By:
  • Brian Mann
A worker carries a Chinese national flag to put it with those of other participating countries at the opening session of the G-20 foreign ministers meeting in New Delhi on March 2.

Tagged as: 

  • World

Report: 20 of the world's richest economies, including the U.S., fuel forced labor

A report released by human rights organization Walk Free found that the number of people living in modern slavery, including forced marriage and human trafficking, has grown to 50 million since 2018.

May 26, 2023
|
By:
  • Ayana Archie
  • Load More

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