Taylor Giorno

Business & Economy   The Big Story  McConnell and Democrats on collision course over spending Senate Republicans are on a collision course with Democrats over government funding, as the latter insists nondefense spending programs receive equal treatment with defense programs. © Greg Nash Senate Republican Leader Mitch McConnell (Ky.) says he won’t accept Democrats’ demand...

A decade ago, a Republican committee chair investigating Washington’s biggest business advocacy organization would have been unthinkable. But times have changed. House Ways and Means Committee Chair Jason Smith (R-Mo.) has demanded the U.S. Chamber of Commerce answer questions about the more than $12 million its Chamber of Commerce Foundation received from the Tides Foundation,...

Credit card and airline rewards are incredibly popular among Americans, but Biden administration officials worry aggressive marketing practices and the dominance of large players in the industry may be harming competition and consumers. The Consumer Financial Protection Bureau (CFPB) and the Department of Transportation questioned industry executives and consumer advocates during a joint hearing Thursday...

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Chamber claps back at House committee inquiry After the House Ways and Means Committee launched an inquiry into the U.S. Chamber of Commerce, the pro-business lobbying giant pushed back on the investigation and reporting by a right-wing...

Presented by BP — The Fed may not cut until November. {beacon} View Online Business & Economy Business & Economy PRESENTED BY The Big Story High interest rates aren't going anywhere The central bank doesn't expect to cut rates anytime soon as progress on inflation plateaus, Federal Reserve Chair Jerome Powell told reporters Wednesday....

As President Biden courts young voters and bucks negative perceptions of his handling of the economy, one economic issue looms large over the upcoming election: a historic lack of affordable housing. The cost of buying a house just hit an all-time high, and even though rental prices are down slightly from their peak in 2022,...

Several K Street lobbying shops posted record revenues last quarter as Congress moved massive spending bills, the Biden administration ramped up its regulatory agenda and clients set their sights on post-election policy priorities. Federal lobbyists raked in $4.3 billion last year, according to the money in politics research nonprofit OpenSecrets, even as it looked like...

Two Senate committees will scrutinize Boeing’s safety culture and new whistleblower allegations Wednesday as the company remains under a microscope. Boeing was thrust into the spotlight in January after the door plug on one of the airline giant's 737 Max 9 planes flew off shortly after an Alaska Airlines flight took off. No passengers died,...