The pharmaceutical companies said they would begin talks even as several of them were suing the Biden administration over a new law authorizing the negotiations.
Category: United States Politics and Government
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Supreme Court Skeptical in That Could Hobble Consumer Watchdog
The justices heard a challenge to the way Congress funded the Consumer Financial Protection Bureau but seemed persuaded that it was constitutional.
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Senate Delegation to Travel to China During Congressional Recess
The trip comes at a time of heightened tensions between Beijing and Washington, as the Biden administration restricts investments in key Chinese sectors while trying to improve relations.
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A Plot to Oust the House Speaker Hits Weary Investors
Matt Gaetz’s move to unseat Kevin McCarthy is adding volatility to equity and bond markets.
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A Rural Michigan Town Is the Latest Battleground in the U.S.-China Fight
Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
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Wall Street’s Most Hated Regulator Faces an Existential Threat
Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
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I.R.S. Contractor Charged With Leaking Tax Returns
The federal charges are said to involve disclosure of tax information from Donald Trump and other wealthy taxpayers.
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Tom Conway, Steelworkers President and Biden Ally, Dies at 71
A tough but pragmatic negotiator, he led his union through decades of tumult, then helped drive through the president’s infrastructure plans.
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A Silver Lining From the Pandemic: A Surge in Start-ups
New research suggests that big shifts in consumer and company behavior — and maybe federal stimulus dollars — have fueled entrepreneurship.
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Viewership Fell Sharply for Second G.O.P. Debate
Fewer than 10 million people watched the Republican presidential candidates on Wednesday, according to preliminary data from Nielsen.
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A Government Shutdown Could Disrupt Air Travel, Officials Warn
If the government shuts down, air traffic controllers and Transportation Security Administration officers will continue to work, but they will not be paid until the shutdown is over.
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A Government Shutdown Looms. What Services and Benefits Could Be Affected?
Many federal agencies have plans in place to weather a shutdown, but a disruption would still affect critical government services.