Government And Institutions

US government shuts down; Dems, GOP blame each other

A bitterly-divided Congress hurtled toward a government shutdown this weekend in a partisan stare-down over demands by Democrats for a solution on politically fraught legislation to protect about 700,000 younger immigrants from being deported.

Shutdown looms; blame game already in full swing

A bitterly divided Congress hurtled toward a government shutdown this weekend in a partisan stare-down over demands by Democrats for a solution on politically fraught legislation to protect about 700,000 younger immigrants from being deported.

FCC's Ajit Pai touts decision to end Obama-era net neutrality rules

A decision by the Federal Communications Commission Tuesday to repeal an Obama-era ruling that allows the government to regulate the internet like a public utility will ultimately limit heavy-handed investment and encourage more companies to invest, FCC Chair Ajit Pai told FOX Business.

Mnuchin sees $1 trillion revenue growth from U.S. tax overhaul

U.S. Treasury Secretary Steven Mnuchin said on Friday he believed the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to implement the plan.

How Rand Paul plans to overhaul FISA surveillance program

As Congress nears an impending Jan. 19 vote on the reauthorization of Section 702 of the Foreign Intelligence Surveillance Act, Sen. Rand Paul (R-Ky.) is threatening to do “everything he can” to ensure it doesn’t pass unless significant changes are made.

Pot industry frets, then shrugs off Sessions' new policy

This week's announcement that the U.S. Justice Department was ditching its hands-off approach to states that have legalized marijuana initially sent some in the industry into a tailspin, just days after California's $7 billion recreational weed market opened for business.

Fed official says rates are last resort against financial risks

The Federal Reserve should only as a last resort adjust interest rates to deal with financial instabilities thought to imperil the U.S. economy, and instead rely primarily on regulations and supervision, a top Fed official said on Saturday.

DOJ's rollback of marijuana-friendly policies facing bipartisan backlash

Attorney General Jeff Sessions’s decision to rescind the Obama-era policy that allowed states to decide on a case-by-case scenario whether to legalize marijuana could endanger a burgeoning industry and, some Republicans say, contradicts President Trump’s campaign platform in 2016.