Category: Law and Legislation

Yellen Issues Debt Limit Warning to Congress

The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.
Spending Fight Shows Limits of Trump Power to Change Fiscal Path

Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses.
How a Government Shutdown Could Affect the Economy

A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.
Under Pressure, Hyundai Supplier Ends Alabama Prison Labor Contract

The supplier fired dozens of prisoners after some of them said they felt they had no choice but to take those jobs.
British Agencies Criticized Over Sewage in Public Waterways

The condemnation by a watchdog comes as England’s largest water company asks for an emergency loan and the nation wrestles with water pollution.
TikTok Asks Supreme Court to Block Law Banning Its U.S. Operations

The company and its Chinese parent invoked the First Amendment in urging the justices to step in before a Jan. 19 deadline to sell or be shut down.
U.S. Court Denies TikTok’s Request to Freeze Sale-or-Ban Law

TikTok had sought to temporarily freeze a law that requires its Chinese parent to sell the app or face a U.S. ban next month. The case may now head to the Supreme Court.
Judge Says Former ByteDance Executive Lied in Suit Against Company

A judge said this week that a former executive at ByteDance seemed to have fabricated evidence and submitted false statements in a high-profile 2023 lawsuit against the company.
Bipartisan Lawmakers Seek to Break Up Giant Health Care Conglomerates

New legislation would force UnitedHealth Group, CVS Health and Cigna to each sell their pharmacies within three years.
TikTok Asks Court to Temporarily Pause Ban As It Looks to Supreme Court or Trump to Weigh In

The company is requesting a pause on a law that requires the app to be sold or face a ban in the United States by mid-January, aiming to buy time for the Supreme Court or the incoming Trump administration to rescue it.
How the CFPB Could Change Under a Republican Congress

Republicans are unlikely to abolish the Consumer Financial Protection Bureau, but they will drastically rework its rules and activities.
TikTok Faces U.S. Ban After Losing Bid to Overturn New Law

The law will ban the video app in the United States by Jan. 19 if its owner, ByteDance, does not sell it to a non-Chinese company.