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Money & Markets

House OKs debt and funding plan, inviting clash with GOP

WASHINGTON — The House voted to keep the government funded, suspend the federal debt limit and provide disaster and refugee aid, setting up a high-stakes showdown with Republicans who oppose the package despite the risk of triggering a fiscal crisis. The federal government faces a shutdown ...

Democrats tie government funding to debt bill, GOP digs in

WASHINGTON — Democratic congressional leaders backed by the White House announced Monday they would push ahead with a vote to fund the government and suspend the debt limit, all but daring Republicans who say they will vote against it despite the risk of a fiscal crisis. Congress is ...

Ford adding 450 jobs to meet demand for new electric truck

DEARBORN, Mich. — Ford Motor Co. plans to spend $250 million and add 450 jobs at three Michigan plants to meet demand for the new F-150 Lightning. Ford already has taken more than 150,000 reservations for the new electric version of its immensely popular F-150 pickup truck, Kumar Galhotra, ...

House panel rejects drug pricing plan in setback to Biden

WASHINGTON — A House committee dealt an ominous if tentative blow Wednesday to President Joe Biden’s huge social and environment package, derailing a money-saving plan to let Medicare negotiate the price it pays for prescription drugs. The House Energy and Commerce Committee vote to drop ...

Apple’s next iPhone mirrors last year’s, adds more storage

SAN RAMON, Calif. — Apple unveiled its next iPhone line-up, including a model that offers twice the storage available in earlier versions and other modest upgrades to last year’s editions that proved to be a big hit among consumers devouring the latest technology during the pandemic. The ...

Democrats seek corporate, wealthy tax hikes for $3.5T plan

WASHINGTON — House Democrats unveiled a sweeping proposal Monday for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. The ...