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Money & Markets

COVID recession pushed Social Security insolvency up a year

WASHINGTON — The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertainty around the nation’s bedrock retirement ...

US health agency will prod hospitals to cut carbon emissions

WASHINGTON — The Biden administration on Monday launched a new health office that will prod hospitals to cut carbon emissions, aiming to provide greener, more environmentally friendly medical care. Depending on how much money is at stake, that’s likely to meet with industry ...

Nevada casinos riding hot streak, set new monthly win record

LAS VEGAS — Nevada casinos set another monthly winnings record last month, riding a streak of robust revenues that has the state reaping the tax benefit, state gambling regulators said Thursday. Casinos statewide reported taking in a record $1.36 billion in July — the fifth straight ...

Tech companies pledge billions in cybersecurity investments

WASHINGTON — Some of the country’s leading technology companies have committed to investing billions of dollars to strengthen cybersecurity defenses and to train skilled workers, the White House announced Wednesday following President Joe Biden’s private meeting with top executives. The ...

House passes $3.5T Biden blueprint

WASHINGTON — Striking a deal with moderates, House Democratic leaders muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle Tuesday, ending a risky standoff and putting the party’s domestic infrastructure agenda back on track. The 220-212 vote was a first ...

Senators question FDA on work with opioid maker consultant

Several U.S. senators are questioning the Food and Drug Administration’s work with a consulting firm that helped businesses sell prescription painkillers during the nation’s overdose crisis. Democrat Maggie Hassan of New Hampshire and Republican Chuck Grassley of Iowa, among others, have ...