Category: House of Representatives

Elon Musk Takes on Apple and Its App Store

The New York Times – Business:
The Twitter owner’s latest fight is a big one: the market dominance of Apple’s App Store.
Yellen Urges Congress to Raise Debt Limit Beyond 2024 Election

The New York Times – Business:
Republicans might try to use the borrowing cap as leverage if they achieve a majority in the House or Senate, but the Treasury secretary cautioned against a “devastating economic self-inflicted blow.”
FTX Nears Collapse After a Deal With Binance Fails

The New York Times – Business:
After a rescue deal collapsed, the cryptocurrency exchange is scrambling for a lifeline, as investors and customers prepare to fight for their money.
Inflation Plagues Democrats in Polling. Will It Crush Them at the Ballot Box?

The New York Times – Business:
Americans are extremely attuned to the cost of living, and as midterm election voters head to the polls, they are divided over whom to blame.
Why Wall Street Loves Gridlock in Washington

The New York Times – Business:
Stocks tend to rally after midterm elections, historical data shows. They perform even better when voters deliver divided government.
Republicans Float Changes to Social Security and Medicare

The New York Times – Business:
Democrats have seized on Republican proposals to limit retirement benefits to galvanize voters ahead of the midterm elections.
Republicans Denounce Inflation, but Few Economists Expect Their Plans to Help

The New York Times – Business:
Proposed tax and spending cuts by the G.O.P., which is making a push to take back Congress, are unlikely to bring down rapidly rising prices any time soon.