Democrats Drop Paid Leave From $1.75 Trillion Proposal
WASHINGTON—Democrats abandoned plans to include a paid-leave program in their healthcare, education and climate-change bill, according to people familiar with...
Government Bodies
Corporate Minimum Tax Resurfaces as Democrats Hunt for Money
WASHINGTON—Senate Democrats announced a 15% minimum tax on large companies’ income on Tuesday, winning support from a key moderate lawmaker,...
Tax Proposals Hit Headwinds as Democrats Try to Finalize Social Spending Deal
WASHINGTON—An 11th-hour push by Democrats to fund their social-spending and climate bill faltered, with a proposed tax on billionaires’ unrealized...
Trump’s Social-Media Platform Joins Crowded Conservative Media Field
Former President Donald Trump’s planned digital-media venture could quickly become a serious competitor in a crowded field of right-leaning sites...
Democrats Try to Salvage IRS Bank-Account Reporting With Scaled-Back Plan
Democrats scaled back a proposal that would require banks to send more information about customers’ accounts to the IRS in...
WSJ News Exclusive | Chinese Telecom Giant ZTE in Dispute With U.S. Court-Appointed Monitor
WASHINGTON—China’s ZTE Corp. ZTCOY 0.15% in 2017 agreed to the oversight of an independent monitor when it pleaded guilty to...
House Approves Extension of Debt Ceiling Into December
WASHINGTON—The House on Tuesday voted along party lines to raise the U.S. borrowing limit into December, as Democratic lawmakers wrestled...
U.S. Household Income Jumped in July as Spending Growth Slowed
U.S. household income rose rapidly last month as the government handed out enhanced tax breaks for parents, priming the economy...
House Passes $3.5 Trillion Budget Blueprint, Sets Deadline for Infrastructure Bill
WASHINGTON—The House narrowly passed a measure approving a $3.5 trillion budget blueprint and locking in a late September vote on...
Intel Lands Pentagon Deal to Support Domestic Chip Making
Intel Corp. said it would provide commercial foundry services in the first phase of a broader Defense Department program that...
Real-Estate Interests Ask Supreme Court to Block Biden’s Eviction Moratorium
WASHINGTON—A group of property managers and real-estate agents asked the Supreme Court to block the Biden administration’s new eviction moratorium...
Inflation Stayed High in July as Economy Rebounded
Inflation remained elevated in July as the economic recovery continued, but prices showed evidence of cooling amid pandemic-related supply problems...
WSJ News Exclusive | Biden to Nominate María Pagán as U.S. Envoy to World Trade Organization
WASHINGTON—President Biden is expected to nominate María Luisa Pagán, a longtime government trade negotiator, as a deputy U.S. trade representative...
Jay Y. Lee, Samsung’s De Facto Leader, Wins Parole From Prison
SEOUL— Samsung ’s de facto leader, Lee Jae-yong, will be released from prison on parole later this week, though it...
WSJ News Exclusive | Business Groups Call on Biden to Restart Trade Talks With China
WASHINGTON—Nearly three dozen of the nation’s most influential business groups—representing retailers, chip makers, farmers and others—are calling on the Biden...
U.S. Jobless Claims Remain at Elevated Level After Steady Declines
U.S. jobless claims fell slightly to 385,000 last week, as worker filings for new unemployment benefits settled this summer at...
Cable, Internet Companies Stand to Gain From Broadband Funding in Infrastructure Bill
WASHINGTON—The $1 trillion infrastructure bill moving through the Senate this week stands to be a windfall for cable and fiber-optic...
Debt Ceiling Deadline: What It Means and How Congress Can Act
WASHINGTON—The clock is ticking for Congress to reach a deal to raise the federal borrowing limit, or debt ceiling, before...
Progressives Raise Heat on Nancy Pelosi Over Eviction Moratorium
WASHINGTON—House Speaker Nancy Pelosi (D., Calif.) is facing an uprising from the progressive wing of the Democratic caucus, which is...
Aon, Willis Towers Scrap $30 Billion Merger Amid Antitrust Impasse
Aon PLC and Willis Towers Watson PLC abandoned a more than $30 billion tie-up to create the world’s largest insurance...
