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Money & Markets

Biden signs bill to avert partial government shutdown

WASHINGTON — With only hours to spare, President Joe Biden on Thursday evening signed legislation to avoid a partial federal shutdown and keep the government funded through Dec. 3. Congress had passed the bill earlier Thursday. The back-to-back votes by the Senate and then the House ...

From paints to plastics, chemical shortage ignites prices

In an economy upended by the coronavirus, shortages and price spikes have hit everything from lumber to computer chips. Not even toilet paper escaped. Now, they’re cutting into one of the humblest yet most vital links in the global manufacturing supply chain: The plastic pellets that go ...

Janet Yellen says infrastructure overhaul will US boost economy

WASHINGTON — Treasury Secretary Janet Yellen said Tuesday that President Joe Biden’s spending proposals will address long-overdue U.S. infrastructure needs and prepare the country to meet future challenges. In remarks before the National Association for Business Economists, Yellen called ...

GOP blocks bill to keep government going

WASHINGTON — Republican senators blocked a bill Monday night to keep the government operating and allow federal borrowing, but Democrats aiming to avert a shutdown pledged to try again — at the same time pressing ahead on President Joe Biden’s big plans to reshape government. The ...

Democrats see tax ‘framework’ to pay for huge $3.5T package

WASHINGTON — The White House and congressional Democrats have agreed to a framework of options to pay for their huge, emerging social and environment bill, top Democrats said Thursday. Now they face the daunting task of narrowing the menu to tax possibilities they can pass to fund President ...

California 1st to set quota limits for retailers such as Amazon

SACRAMENTO, Calif. — California on Wednesday became the first state to bar mega-retailers from firing warehouse workers for missing quotas that interfere with bathroom and rest breaks under a new law signed by Gov. Gavin Newsom that grew from Amazon’s drive to speed goods to consumers more ...