Yellen says enacting Biden’s agenda key to keeping America as ‘world’s pre-eminent economic power

Treasury Secretary Janet Yellen will warn Wednesday that enacting President Joe Biden’s economic agenda is critical to maintaining America’s status as the world’s superpower, according to a copy of her remarks obtained by CNBC. Yellen will deliver the address in Atlanta as part of a White House messaging blitz designed to rally the public behind… Continue reading Yellen says enacting Biden’s agenda key to keeping America as ‘world’s pre-eminent economic power

New York Lt. Gov. Hochul says she believes Cuomo accusers, calls his behavior ‘repulsive & unlawful’

New York Lt. Gov. Kathy Hochul called Gov. Andrew Cuomo’s behavior “repulsive & unlawful” in a statement on Twitter after the state attorney general’s office found Tuesday that he sexually harassed at least 11 women. Hochul would replace Cuomo if he resigned. Cuomo has previously vowed not to step down and on Tuesday denied some… Continue reading New York Lt. Gov. Hochul says she believes Cuomo accusers, calls his behavior ‘repulsive & unlawful’

Cuomo violated federal, state laws as he sexually harassed multiple women, NY attorney general says

New York Gov. Andrew Cuomo sexually harassed multiple women and then retaliated against a former employee who complained publicly about his conduct, according to a bombshell report released Tuesday by state Attorney General Letitia James. James’ report also said that Cuomo’s office was riddled with fear and intimidation, and was a hostile work environment for… Continue reading Cuomo violated federal, state laws as he sexually harassed multiple women, NY attorney general says

NJ Gov. Murphy mandates vaccines for state health care and other frontline workers

New Jersey Gov. Phil Murphy mandated vaccines for a variety of the state’s frontline workers at a press conference Monday, setting a Sept. 7 deadline for employees spanning health care and jails. Murphy added that employees who fail to get vaccinated must comply with regular coronavirus testing up to twice per week. The mandate applies… Continue reading NJ Gov. Murphy mandates vaccines for state health care and other frontline workers

New York Gov. Cuomo asks private businesses to require Covid vaccination for admission

New York Gov. Andrew Cuomo said Monday he is asking private businesses such as bars and restaurants to require proof of vaccination against Covid-19 as a condition for admission. The number of daily Covid cases in New York has increased “four-fold” to more than 2,000 cases over the past month as the highly contagious delta… Continue reading New York Gov. Cuomo asks private businesses to require Covid vaccination for admission

Here’s what comes next for the $1 trillion bipartisan infrastructure bill

Senators introduced their bipartisan infrastructure bill on Sunday after months of wrangling, setting it up for passage as soon as this week. Majority Leader Chuck Schumer aims to rush the 2,702-page legislation through the chamber before a planned month-long recess starting Aug. 9. Votes on amendments — or a decision by any senator to delay… Continue reading Here’s what comes next for the $1 trillion bipartisan infrastructure bill

Gov. Cuomo mandates vaccinations for transit workers as New York’s Covid cases surge

New York Gov. Andrew Cuomo issued a vaccine mandate for employees of the state’s MTA and Port Authority at a press conference Monday, giving transportation workers the option to get vaccinated by Labor Day or face weekly coronavirus testing. The mandate is similar to an order Cuomo issued for state hospital employees last week in… Continue reading Gov. Cuomo mandates vaccinations for transit workers as New York’s Covid cases surge

The Saudi Arabia-UAE rift that froze OPEC is a sign of things to come, experts say

DUBAI, United Arab Emirates — The unexpected rift between Saudi Arabia and the United Arab Emirates within OPEC in early July came as a shock to many in the Gulf region and those watching from abroad. The dispute over oil production levels temporarily froze the group’s ability to lay out their plans for the markets,… Continue reading The Saudi Arabia-UAE rift that froze OPEC is a sign of things to come, experts say

Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline

The Treasury Department will begin conducting emergency cash-conservation steps on Monday to avoid busting the federal borrowing limit after a two-year suspension of the debt ceiling expired at the end of July. Economists say those so-called extraordinary measures will allow Treasury to pay off the government’s bills without floating new debt for two to three… Continue reading Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline

Crackdown shows China’s ready to do ‘whatever it takes’ when it sees social problems, major Asia bank says

China’s crackdown on private education signals that Beijing is willing to take strong action when it perceives socioeconomic problems — regardless of what investors may want, according to an equity strategist at a major Asian bank. “The government is ready to do whatever it takes to rectify perceived social, economic issues,” DBS’ Dennis Lam said… Continue reading Crackdown shows China’s ready to do ‘whatever it takes’ when it sees social problems, major Asia bank says