Categories
Business

Trump enemies Liz Cheney, Lisa Murkowski face GOP primary challengers as Sarah Palin stages comeback

A billboard outside Cheyenne, Wyo., calls on voters to cast their ballots for Harriet Hageman, who is running against incumbent Rep. Liz Cheney, R-Wyo., in the Republican primary election Aug. 16, 2022. Thomas Peipert | AP Two prominent congressional Republicans who made enemies of former President Donald Trump are set Tuesday to defend their seats […]

Categories
Business

The Inflation Reduction Act caps costs for Medicare patients on insulin. Where the push for broader relief stands

The Good Brigade | Digitalvision | Getty Images A new legislative package signed into law by President Joe Biden on Tuesday is a big win for Medicare patients who struggle to cover the cost of insulin to manage their diabetes. But the bill, called the Inflation Reduction Act, falls short of applying those cost controls […]

Categories
Business

Watch live: Biden to sign Inflation Reduction Act into law, setting 15% minimum corporate tax rate

[The stream is slated to start at 3:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden is finally signing his sweeping tax, health and climate bill into law — albeit […]

Categories
Business

IRS interest rates jump to 6% on Oct. 1. Here’s how much money you’ll get for a missing refund

How to calculate your interest The interest is an annual rate compounded daily, meaning you divide the 6% rate by 365, explained Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida. With the average brick-and-mortar savings account paying well below 1%, the IRS interest may sound appealing. However, […]

Categories
Business

Rudy Giuliani named a target in Trump election probe in Georgia, lawyers say

Rudolph Giuliani, attorney for President Donald Trump, arrives for a news conference at the Republican National Committee on lawsuits regarding the outcome of the 2020 presidential election on Thursday, November 19, 2020. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rudy Giuliani has been named a target in the criminal investigation into efforts by […]

Categories
Business

Judge denies Sen. Lindsey Graham’s bid to quash subpoena in Trump election probe in Georgia

U.S. Senator Lindsey Graham (R-SC) speaks during a Senate Judiciary Committee confirmation hearing on Judge Ketanji Brown Jackson’s nomination to the U.S. Supreme Court, on Capitol Hill in Washington, U.S., March 22, 2022. Jonathan Ernst | Reuters A federal judge on Monday denied Sen. Lindsey Graham’s bid to throw out a subpoena for his testimony […]

Categories
Business

Treasury yields tick lower as investors digest previous week’s data

Bonds yields ticked downward on Monday, as investors digested the previous week’s wave of data releases and questioned whether the U.S. Federal Reserve may slow its tightening cycle on improved inflation news. The yield on the benchmark 10-year Treasury note was 2 basis points lower at 2.824% as the week began, while the yield on […]

Categories
Business

Transportation Department is losing top auto safety regulator after a few months on the job

Dr. Steven Scott Cliff, nominee to be administrator of the National Highway Traffic Safety Administration, testifies during a Senate Commerce, Science and Transportation Committee confirmation hearing in Russell Building on Thursday, December 16, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Department of Transportation said on Friday that Steven Cliff, the head […]

Categories
Business

Passage of Inflation Reduction Act gives Medicare historic new powers over drug prices

A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan. The […]

Categories
Business

House to vote on major climate, tax and health bill, teeing up huge win for Biden

US Speaker of the House Nancy Pelosi, Democrat of California, speaks during her weekly press conference on Capitol Hill in Washington, DC, on August 12, 2022. Olivier Douliery | AFP | Getty Images The House is expected to pass a sweeping tax, health and climate bill Friday, delivering a major win for Democrats and President […]