Economy & Business

"Conservative Republicans who want to thwart socially and environmentally conscious investing are now being pushed to water down their proposals after backlash from powerful business groups and fears that state pension systems could see huge losses."

"House Republicans on Thursday announced that a major energy package that has been in the works for weeks will be known as H.R.1, signifying that it’s the party’s top priority for the congressional session."

"Norfolk Southern’s corporate PAC has donated more than $375,000 to members of the Senate committee that grilled the railroad’s chief executive on Thursday about the toxic derailment of one of the company’s trains in East Palestine, Ohio."

"The White House’s fiscal 2024 budget asks for $12 billion for the EPA, a 19% increase over its current enacted level and a record high amount that’s almost certain to be trimmed during congressional negotiations."

"With the government at risk of defaulting, President Joe Biden on Thursday will make his opening offer in a high-stakes debate over federal finances as he proposes a federal budget that would cut deficits by nearly $3 trillion over the next decade."

"For more than a decade, Senator Sheldon Whitehouse gave daily warnings about the mounting threat of climate change. Now he has a powerful new perch."

"A top oil executive from the United Arab Emirates on Monday urged the energy industry to join the fight against climate change, borrowing a famous line from a U.S. astronaut aboard a damaged spacecraft during the Apollo 13 mission in 1970."