Biden's DOT pushes tighter fuel efficiency rules for SUVs

The Transportation Department on Friday floated a fuel economy rule that would require automakers to more aggressively increase the efficiency of SUVs and pickup trucks compared to passenger vehicles through 2032. Sedans have already improved at a rapid clip, but SUVs and pickup trucks — which have become increasingly popular with American drivers — have “more room to improve,”...

Read More

Feds home in on Ticketmaster antitrust case

The Justice Department could file an antitrust lawsuit against concert promoter Live Nation Entertainment and its subsidiary Ticketmaster by the end of the year, according to three people with knowledge of the matter. The DOJ is aiming to file a lawsuit as soon as this fall that claims the entertainment giant is abusing its power over the live music industry, the people said....

Read More

‘We simply are nowhere’: EU slams lack of progress at G20 climate meeting

Countries were unable to agree on clear language on renewables and fossil fuels. from Politics, Policy, Political News Top Stories https://ift.tt/XH3Ih16 via IFT...

Read More

Putin rules out rejoining Black Sea grain deal, despite famine fears

Poorer nations will be dependent on Moscow’s good graces for shipments of food and fertilizer. from Politics, Policy, Political News Top Stories https://ift.tt/HYQcMRS via IFT...

Read More

Powell voices skepticism at Fed's own bank rule proposal

The Federal Reserve's top bank cop, Michael Barr, is facing fierce pushback from big lenders and their GOP allies over a sweeping plan to make the industry raise more funds to guard against potential losses. Now, skepticism is also coming from inside his own agency — including from Fed Chair Jerome Powell. The Fed board, which places a premium on reaching consensus, voted...

Read More

No chance of Biden pardoning his son, White House says

President Joe Biden will not pardon his son Hunter if he is convicted of the charges against him, the White House said on Thursday. Hunter Biden has been charged with two misdemeanor tax offenses and a felony gun charge. When asked during her briefing whether there was any possibility that the president would eventually pardon his son, White House press secretary Karine Jean-Pierre on Thursday replied, “No,” and declined to comment further. The...

Read More

Biden announces action on heat as nation sizzles

President Joe Biden unveiled a series of measures Thursday designed to aid workers and residents facing severe health threats from soaring temperatures as record heat shows no signs of relenting. Biden ticked off the devastating impacts of the recent heat waves across the country: Death, threats to vulnerable people like the elderly and unhoused, workplace safety concerns,...

Read More