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Money & Markets

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 ...

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 ...