Federal Spending
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New Federal Rules Set Overtime Pay Guidelines for Salaried Workers
The Biden administration finalizes overtime regulations for millions more salaried workers who earn less than $43,888 a year.Inc. - Business -
Nursing homes: Will new federal rules curb abuse and lead to better care?
The challenge of finding and hiring staff at nursing homes is enormous.MarketWatch - Business -
5 things to know about the new federal ban on noncompete agreements
Proponents say a sweeping ban on noncompete clauses should boost workers, but the new rules face serious legal challenges.CBS News - Top stories -
Democrats fret it could be curtains for local theaters without federal funds
Professional nonprofit theaters haven’t recovered from the Covid pandemic, with dozens of stages set to shutter. Democrats are introducing legislation that could keep the curtains from closing.NBC News - Top stories -
Democrats fret it could be curtains for local theaters without federal funds
Professional nonprofit theaters haven’t recovered from the Covid pandemic, with dozens of stages set to shutter. Democrats are introducing legislation that could keep the curtains from closing.NBC News - Politics -
17 states challenge federal rules entitling workers to accommodations for abortion
Seventeen states are challenging new federal rules entitling workers to time off and other accommodations for abortionsABC News - Health - Abortion -
NY lawmakers propose conditioning federal funding on monitoring of antisemitism
Two New York lawmakers are proposing legislation that could condition federal funding for universities to stricter monitoring of on-campus antisemitism. Reps. Ritchie Torres (D-N.Y.) and Mike Lawler (R-N.Y.) plan to introduce the College Oversight ...The Hill - Politics -
Head of Federal Student Aid steps down after chaotic FAFSA season
The head of the Federal Student Aid (FSA) office Richard Cordray announced Friday he would step down from his role following the difficulties with the first season of the new Free Application for Federal Student Aid (FAFSA) forms. “My first day at ...The Hill - Politics -
Scientists Fault Federal Response to Bird Flu Outbreaks on Dairy Farms
Officials have shared little information, saying the outbreak was limited. But asymptomatic cows in North Carolina have changed the assessment.The New York Times - Health -
Leader of Federal Student Aid Office Steps Down After FAFSA Crisis
During Richard Cordray’s tenure at the agency, the botched rollout of the new FAFSA upended the college admissions process.The New York Times - Top stories -
Federal Officials Find No Live Bird Flu Virus in Initial Milk Tests
The early results suggest that pasteurization is killing the H5N1 virus in milk, something that regulators were not certain of.The New York Times - Business -
Federal Officials Find No Live Bird Flu Virus in Initial Milk Tests
The early results suggest that pasteurization is killing the H5N1 virus in milk, something that regulators were not certain of.The New York Times - Top stories -
Scientists Fault Federal Response to Bird Flu Outbreaks on Dairy Farms
Officials have shared little information, saying the outbreak was limited. But asymptomatic cows in North Carolina have changed the assessment.The New York Times - Science -
The federal government is abusing its power to target private-sector education providers
Efforts by the federal government to target private-sector opponents have seemed to follow a clear patternThe Hill - Politics -
McConnell says he is 'not advocating anything' at a federal abortion ban level
Senate Minority Leader Mitch McConnell (R-Ky.) said he is not pushing for anything at the federal level for an abortion ban. NBC's Kristen Welker asked McConnell on "Meet the Press" whether he would support a 15-week federal ban on abortions, like ...The Hill - Politics - Abortion -
Hunt defends job cuts to increase defence spending
The chancellor says cutting services will cost "a great deal less" than allowing Russia to succeed in Ukraine.BBC News - Top stories -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Top stories -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Business -
Meta's License to Spend on AI Gets Checked
The Facebook parent’s capital expenditures this year will rival outlays from Google and Microsoft, but advertising growth is slowing.The Wall Street Journal - World - Meta -
Inflation ticked higher in March as incomes, spending rose
Inflation picked up slightly in March as Americans saw their paychecks rise and kept up a sturdy pace of spending, according to data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index, the Federal ...The Hill - Politics -
The Lex Newsletter: AI spending plans are spooking the market
Microsoft is the company showing most tangible proof of AI revenue generation from hefty investmentsFinancial Times - Business -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Speaker Johnson calls on Columbia University president to resign and threatens federal funding for colleges
After a meeting with Columbia University President Minouche Shafik, House Speaker Mike Johnson called on her to resign Wednesday if she can’t tamp down Gaza war protests at the school and threatened federal funding for colleges that don't create ...NBC News - Politics -
Speaker Johnson calls on Columbia University president to resign and threatens federal funding for colleges
After a meeting with Columbia University President Minouche Shafik, House Speaker Mike Johnson called on her to resign Wednesday if she can’t tamp down Gaza war protests at the school and threatened federal funding for colleges that don't create ...NBC News - Top stories -
Federal judge denies Trump's bid for new trial in E. Jean Carroll case
A federal judge has denied former President Donald Trump's request for a new trial in the civil suit brought by the writer E. Jean Carroll, who was awarded an $83.3 million judgment.CBS News - Top stories - Donald Trump -
Federal judge rejects Trump’s latest bid to drop $83.3M E. Jean Carroll defamation ruling
A federal judge rejected former President Trump’s latest attempt for a new trial, upholding the verdict and $83.3 million award in his defamation case against writer E. Jean Carroll. In a written opinion, U.S. District Judge Lewis Kaplan said ...The Hill - Politics -
Federal judge denies Trump's bid for new trial in E. Jean Carroll case
A federal judge has denied former President Donald Trump's request for a new trial in the civil suit brought by the writer E. Jean Carroll, who was awarded an $83.3 million judgment.CBS News - Politics - Donald Trump -
The federal government granted Micron Technology $6.1 billion to build two chip-making facilities in New York and one in Idaho.
The federal government granted Micron Technology $6.1 billion to build two chip-making facilities in New York and one in Idaho.The Wall Street Journal - World - New York -
Federal regulator finds Tesla Autopilot has 'critical safety gap' linked to hundreds of collisions
Federal authorities say a “critical safety gap” in Tesla’s Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities and “many others” resulting in serious injuries.NBC News - Top stories - Tesla -
Richard Cordray to step down from job overseeing $1.6 trillion in federal student loans
The former CFPB director will end his tenure as head of the Office of Federal Student Aid in June.MarketWatch - Business -
Federal regulator finds Tesla Autopilot has 'critical safety gap' linked to hundreds of collisions
Federal authorities say a "critical safety gap" in Tesla's Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities.CNBC - Business - Tesla -
Trump's allies are quietly drafting proposals that would attempt to erode the Federal Reserve's independence if the former president wins a second term.
Trump’s allies are quietly drafting proposals that would attempt to erode the Federal Reserve’s independence if the former president wins a second term.The Wall Street Journal - World -
McConnell says federal abortion legislation in ‘any direction’ could not get enough Senate votes
During an interview with Meet the Press, Senate Minority Leader Mitch McConnell (R-Ky.) says he’s “not advocating” for anything at the federal level on the abortion issue.NBC News - Politics - Abortion -
Sunak pledge to boost defence spending raises prospect of cuts elsewhere
Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bnFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast. Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a ...The Guardian - World -
Meta’s plans for AI spending spree send shares lower
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
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Meta’s plans for AI spending spree send shares lower
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business